Good decision vs. good results: outcome bias in the evaluation of financial agents
We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s evaluations and financial rewards for the agent are strongly affected by the random outcome of the risky investment. This happens despite her exac...
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| Main Authors: | , , , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
2021
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| In: |
Theory and decision
Year: 2021, Volume: 90, Issue: 1, Pages: 31-61 |
| ISSN: | 1573-7187 |
| DOI: | 10.1007/s11238-020-09773-1 |
| Subjects: | |
| Online Access: | Verlag, kostenfrei: https://link.springer.com/content/pdf/10.1007/s11238-020-09773-1.pdf Resolving-System, kostenfrei: https://doi.org/10.1007/s11238-020-09773-1 
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| Author Notes: | Christian König-Kersting, Monique Pollmann, Jan Potters, Stefan T. Trautmann |
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Good decision vs. good results: outcome bias in the evaluation of financial agents [dataset]
Universität 2020-11-09
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