Understanding outcome bias

Disentangling effort and luck is critical when evaluating outcomes. In a principal-agent experiment, we demonstrate that principals' judgments of agents are biased by luck, despite perfectly observable effort. This erodes the power of incentives to stimulate effort. We explore two potential sol...

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Bibliographic details
Volume: 117
Main Author: Brownback, Andy
Kuhn, Michael A
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Elsevier Inc 01.09.2019
Elsevier B.V
published in: Games and economic behavior Vol. 117; pp. 342 - 360
ORCID: 0000-0001-9850-1273
0000-0001-7564-0393
Data of publication: September 2019
ISSN: 0899-8256
1090-2473
EISSN: 1090-2473
Discipline: Psychology
Mathematics
Subjects:
D63
C92
D83
Online Access: available in Bonn?
Database: CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS