Show simple item record

2013-01-31Buch DOI: 10.18452/4449
‘I'll do it by myself as I knew it all along’
dc.contributor.authorDanz, David
dc.contributor.authorHüber, Frank
dc.contributor.authorKübler, Dorothea
dc.contributor.authorMechtenberg, Lydia
dc.contributor.authorSchmid, Julia
dc.date.accessioned2017-06-16T00:48:15Z
dc.date.available2017-06-16T00:48:15Z
dc.date.created2013-02-25
dc.date.issued2013-01-31
dc.date.submitted2013-01-31
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5101
dc.description.abstractWith the help of a simple model, we show that the hindsight bias can lead to ineffcient delegation decisions. This prediction is tested experimentally. In an online experiment that was conducted during the FIFA World Cup 2010 participants were asked to predict a number of outcomes of the ongoing World Cup and had to recall their assessments after the outcomes had been realized. This served as a measure of the hindsight bias for each participant. The participants also had to make choices in a delegation game. Our data confirm that hindsight-biased subjects more frequently fail to delegate optimally than subjects whom we have classified as not hindsight biased.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectexperimentseng
dc.subjectdelegationeng
dc.subjecthindsight biaseng
dc.subject.ddc310 Sammlungen allgemeiner Statistiken
dc.subject.ddc330 Wirtschaft
dc.title‘I'll do it by myself as I knew it all along’
dc.typebook
dc.subtitleOn the failure of hindsight-biased principals to delegate optimally
dc.identifier.urnurn:nbn:de:kobv:11-100207429
dc.identifier.doihttp://dx.doi.org/10.18452/4449
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages38
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2013
local.edoc.container-issue9
local.edoc.container-year2013
local.edoc.container-erstkatid2195055-6

Show simple item record