The effect of ambiguity aversion on reward scheme choice
نویسندگان
چکیده
منابع مشابه
The Effect of Ambiguity Aversion on Reward Scheme Choice
We test the implications of ambiguity aversion in a principal-agent problem with multiple agents. Models of ambiguity aversion suggest that, under ambiguity, comparative compensation schemes may become more attractive than independent wage contracts. We test this by presenting agents with a choice between comparative reward schemes and independent contracts, which are designed such that under u...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2014
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2014.08.025