On the Magnification of Small Biases in Hiring

IF 7.6 1区 经济学 Q1 BUSINESS, FINANCE
SHAUN WILLIAM DAVIES, EDWARD D. VAN WESEP, BRIAN WATERS
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引用次数: 0

Abstract

We analyze a setting in which a board must hire a chief executive officer (CEO) after exerting effort to learn about the quality of each candidate. Optimal effort is asymmetric, implying asymmetric likelihoods of each candidate being chosen. If the board has an infinitesimal bias in favor of one candidate, it allocates effort to maximize the likelihood of that candidate being chosen. Even when the board's prior is that its preferred candidate is inferior, she may still be chosen most often. A glass ceiling can also arise whereby the tendency to hire favored candidates increases as the importance of the position increases.

论招聘中微小偏见的放大
我们分析了这样一种情况:董事会在努力了解每位候选人的素质后,必须聘用一位首席执行官(CEO)。最佳努力是不对称的,这意味着每个候选人被选中的可能性是不对称的。如果董事会对某一候选人有无限大的偏好,它就会分配精力,使该候选人被选中的可能性最大化。即使董事会先验地认为其倾向的候选人较差,她仍可能最常被选中。玻璃天花板也可能出现,即随着职位重要性的增加,聘用受青睐候选人的倾向也会增加。
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来源期刊
Journal of Finance
Journal of Finance Multiple-
CiteScore
12.90
自引率
2.50%
发文量
88
期刊介绍: The Journal of Finance is a renowned publication that disseminates cutting-edge research across all major fields of financial inquiry. Widely regarded as the most cited academic journal in finance, each issue reaches over 8,000 academics, finance professionals, libraries, government entities, and financial institutions worldwide. Published bi-monthly, the journal serves as the official publication of The American Finance Association, the premier academic organization dedicated to advancing knowledge and understanding in financial economics. Join us in exploring the forefront of financial research and scholarship.
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