040220 SE Seminar Organization and Personnel (MA) (2017S)

The student will achieve knowledge on incentive provision and performance evaluation, with a focus on both economic and behavioral (or, psychological) issues. She/he will read scientific literature on the subject assigned to her/him and write a paper on the topic. During seminar sessions, the student will present her/his paper and there will be discussions about the findings of her/his and other participant’s papers.

Contents: Incentives, Risk Sharing, and Performance Evaluation in the Basic Agency Model; The Hold Up Problem in Subjective Performance Evaluation; Motivation through Financial Incentives: A Broader Perspective; Providing Incentives: Gift Exchange and Low-Powered versus High-Powered Incentives; Behavioral Consequences of Relative Performance Evaluation; Subjective Performance Evaluation in the Field; The Outcome Bias in Subjective Performance Evaluation; Leniency and Centrality in Subjective Performance Evaluation; The Social Context of Subjective Performance Evaluation; Fairness of Subjective Performance Evaluations in Groups; Accounting for Risk and Interdependencies in Subjective Performance Evaluations; Framing Financial Incentives

Method: Scientific writing of papers, presentations, interactive group discussions