Cognitive Psychology eJournal最新文献

Micro-level dynamics in hidden action situations with limited information 信息有限的隐藏行动情境中的微观动态

Cognitive Psychology eJournal Pub Date : 2021-07-13 DOI: 10.2139/ssrn.3885656

Stephan Leitner, F. Wall

{"title":"Micro-level dynamics in hidden action situations with limited information","authors":"Stephan Leitner, F. Wall","doi":"10.2139/ssrn.3885656","DOIUrl":"https://doi.org/10.2139/ssrn.3885656","url":null,"abstract":"The hidden-action model provides an optimal sharing rule for situations in which a principal assigns a task to an agent who makes an effort to carry out the task assigned to him. However, the principal can only observe the task outcome but not the agent's actual action. The hidden-action model builds on somewhat idealized assumptions about the principal's and the agent's capabilities related to information access. We propose an agent-based model that relaxes some of these assumptions. Our analysis lays particular focus on the micro-level dynamics triggered by limited information access. For the principal's sphere, we identify the so-called Sisyphus effect that explains why the optimal sharing rule can generally not be achieved if the information is limited, and we identify factors that moderate this effect. In addition, we analyze the behavioral dynamics in the agent's sphere. We show that the agent might make even more of an effort than optimal under unlimited information, which we refer to as excess effort. Interestingly, the principal can control the probability of making an excess effort via the incentive mechanism. However, how much excess effort the agent finally makes is out of the principal's direct control.","PeriodicalId":129448,"journal":{"name":"Cognitive Psychology eJournal","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122020573","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Stress and Risk - Preferences versus Noise 压力与风险:偏好与噪音

Cognitive Psychology eJournal Pub Date : 2021-07-07 DOI: 10.2139/ssrn.3733379

Elle Parslow, Julia Elisabeth Rose

引用次数: 0

Pure Wage Rent: The Theory 纯工资租金:理论

Cognitive Psychology eJournal Pub Date : 2021-06-20 DOI: 10.2139/ssrn.3870752

James E. Annable

{"title":"Pure Wage Rent: The Theory","authors":"James E. Annable","doi":"10.2139/ssrn.3870752","DOIUrl":"https://doi.org/10.2139/ssrn.3870752","url":null,"abstract":"Pure wage rent, defined as labor pricing that chronically exceeds market-opportunity cost, is an outcome of rational employer-employee interaction in information-challenged workplaces. It is an essential concept, integral to the analysis of important economic phenomena, consistent with available evidence, and rooted in neoclassical tenets of optimization and equilibrium. That PWR is absent from textbooks is indicative of a damaging gap in economic theory, which this paper remedies. The task was daunting, requiring the generalization of rational price-mediated exchange from the marketplace to workplaces restricted by costly, asymmetric information. Rigorous modeling of the second venue was expedited by earlier economic accounts of intra-firm behavior. Most notably, a detailed description of what goes on inside complex, bureaucratic workplaces was provided in the middle 20th century by a school of labor economists that Clark Kerr named “Neoclassical Revisionists”. (For background, see Kerr (1988), Lloyd Reynolds (1949), and Richard Lester (1951).) What follows translates the revisionists’ narrative into a rigorous theory rooted in optimizing behavior organized by general decision-rule equilibrium. The exercise microfounds pure wage rent, opening an exceptionally productive research frontier.","PeriodicalId":129448,"journal":{"name":"Cognitive Psychology eJournal","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126488767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Abandoned Retirement Savings 放弃的退休储蓄

Cognitive Psychology eJournal Pub Date : 2021-06-01 DOI: 10.2139/ssrn.3864530

Lucas W. Goodman, Anit Mukherjee, Shanthi P. Ramnath

引用次数: 0

Regulatory Fit and Non-Fit: How They Work & What They Do 监管合适与不合适:它们是如何工作的以及它们做了什么

Cognitive Psychology eJournal Pub Date : 2021-04-10 DOI: 10.2139/ssrn.3824009

T. Avnet, E. Higgins

引用次数: 4

Leading with the (Recently) Successful? Performance Visibility and the Evolution of Risk Taking 与(最近的)成功人士一起领导?绩效可见性与风险承担的演变

Cognitive Psychology eJournal Pub Date : 2021-04-01 DOI: 10.2139/ssrn.3823176

Sönke Ehret, Sonja Vogt, A. Hefti, Charles Efferson

{"title":"Leading with the (Recently) Successful? Performance Visibility and the Evolution of Risk Taking","authors":"Sönke Ehret, Sonja Vogt, A. Hefti, Charles Efferson","doi":"10.2139/ssrn.3823176","DOIUrl":"https://doi.org/10.2139/ssrn.3823176","url":null,"abstract":"The popular practice of “leading by the successful” is viewed as a hallmark of motivational leadership. A central rationale for leaders to make successful team members salient is that it may induce social learning, where followers strive to adopt a favorable behavior. The reliance of a leader on such success-biased social learning presumes that imitation by followers occurs only to the extent as outstanding success was caused by a superior ability or knowledge of the respective peer. In this article, we conduct a laboratory experiment to study whether imitation of the successful may occur even if imitation necessarily fails to be an effective way of improving one’s performance. The experimental approach establishes the necessary control to assure that success-biased learning cannot systematically improve the decisions made, and allows us to isolate the behavior of the followers from possible feedback effects of the leader. The data show that a substantial amount of imitation occurs, which in our setting leads to a sizeable and persistent increase of the average risk taken in the teams. Our finding thus indicates a limitation of the practice to lead with the successful.","PeriodicalId":129448,"journal":{"name":"Cognitive Psychology eJournal","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134599099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Exaggerated Likelihoods 夸张的可能

Cognitive Psychology eJournal Pub Date : 2021-03-23 DOI: 10.2139/ssrn.3520802

S. Santosh

引用次数: 2

Exploratory Learning Environments for Responsible Management Education Using Lego Serious Play 利用乐高严肃游戏探索负责任管理教育的学习环境

Cognitive Psychology eJournal Pub Date : 2021-02-11 DOI: 10.2139/ssrn.3813349

Vasilis Gkogkidis, Nicholas Dacre

{"title":"Exploratory Learning Environments for Responsible Management Education Using Lego Serious Play","authors":"Vasilis Gkogkidis, Nicholas Dacre","doi":"10.2139/ssrn.3813349","DOIUrl":"https://doi.org/10.2139/ssrn.3813349","url":null,"abstract":"Research into responsible management education has largely focused on the merits, attributes, and transformation opportunities to enhance responsible business school education aims. As such, a prominent part of the literature has occupied itself with examining if responsible management modules are inherently considered a non-crucial element of the curriculum and determining the extent to which business schools have introduced such learning content into their curriculum. However, there has been scant research into how to apply novel teaching approaches to engage students and promote responsible management education endeavours. As such, this paper seeks to address this gap through the development of a teaching framework to support educators in designing effective learning environments focused on responsible management education. We will draw on constructivist learning theories and Lego Serious Play (LSP) as a learning enhancement approach to develop a pedagogical framework. LSP is selected due to its increasing application in learning environments to help promote critical discourse, and engage with highly complex problems, whether these are social, economic, environmental, or organisational.","PeriodicalId":129448,"journal":{"name":"Cognitive Psychology eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114426334","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Monetary Incentives and the Contagion of Unethical Behavior 金钱激励与不道德行为的传染

Cognitive Psychology eJournal Pub Date : 2021-02-01 DOI: 10.2139/ssrn.3805628

Benoît Le Maux, David Masclet, Sarah Necker

引用次数: 1

Eliciting Individuals’ Financial Decision-Making Approaches with Verbal Protocols 用口头协议引出个人的财务决策方法

Cognitive Psychology eJournal Pub Date : 2021-01-29 DOI: 10.2139/ssrn.3763784

Thomas Post, W. Bruine de Bruin

引用次数: 1