This article asks whether competition can ameliorate the consequences of cognitive error.
Consumers differ cognitively, some being more prone to err (the “naive”) than others (the …

Publisher Summary This chapter presents data from a series of experiments with human
subjects to test how individuals form expectations of others' expectations. The experiment …

One significant challenge of motivating team performance is that the contribution of
individual team members is difficult to observe. In this setting, managers often seek private …

In our experimental investigation powerful managers use their discretion power to their own
advantage and admit that their behavior is unfair. This contradicts studies stressing self …

The field of standard finance states that an equity market investor acts as a judicious
individual who is capable of dealing with all forms of data in a fairminded way. On the other …

Towards develo** a theory of systematic biases about strategies, I analyse strategic
implications of a particular bias: wishful thinking about the strategies. I identify a player as a …

Equal pay for equal work is discussed in many different legal and political contexts. Our
study explores one consequence of this formula, the effect of social comparison for wage …

Individuals rely on accurate information to make important decisions, but in the current
environment the vast amount of misinformation present in society is complicating people's …

We present a theory of price and quality decisions by managers who are self-serving. In the
theory, firms stress the price or quality of their products, but not both. Accounting for this …

This chapter builds upon MacCannell's second gaze to propose a third gaze: a gaze that
offers a deeper look into the gaze, and this time goes truly beyond the visible to reach the …