Fooled by performance randomness: over-rewarding luck
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- Romain Gauriot & Lionel Page, 2019. "Fooled by Performance Randomness: Overrewarding Luck," The Review of Economics and Statistics, MIT Press, vol. 101(4), pages 658-666, October.
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- Romain Gauriot Author e-mail: romain.gauriot@nyu.edu & Lionel Page Author e-mail: lionel.page@uts.edu.au, 2021. "How Market Prices React to Information: Evidence from Binary Options Markets," Working Papers 20200058, New York University Abu Dhabi, Department of Social Science, revised Oct 2021.
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- Nisvan Erkal & Lata Gangadharan & Boon Han Koh, 2021. "Gender Biases in Performance Evaluation: The Role of Beliefs versus Outcomes," University of East Anglia School of Economics Working Paper Series 2021-09, School of Economics, University of East Anglia, Norwich, UK..
- Anil Özdemir & Helmut Dietl & Giambattista Rossi & Robert Simmons, 2020. "Are Workers Rewarded for Inconsistent Performance?," Working Papers 386, University of Zurich, Department of Business Administration (IBW).
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- Raphael Flepp, 2021. "Uninformative Performance Signals and Forced CEO Turnover," Working Papers 389, University of Zurich, Department of Business Administration (IBW).
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More about this item
Keywords
contract theory; informativeness principle; quasi-experiment; outcome bias; behavioural economics.;All these keywords.
JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-SPO-2017-03-26 (Sports & Economics)
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