Good decision vs. good results: outcome bias in the evaluation of financial agents

DOI10.1007/s11238-020-09773-1zbMath1461.91095OpenAlexW3091776714MaRDI QIDQ2021543

Monique Pollmann, Christian König-Kersting, Jan Potters, Stefan T. Trautmann

Publication date: 27 April 2021

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-020-09773-1

zbMATH Keywords

decision under riskaccountabilitydecisions of agentsfinancial adviceoutcome bias

Mathematics Subject Classification ID

Decision theory (91B06) Financial markets (91G15) Experimental work for problems pertaining to game theory, economics, and finance (91-05) Principal-agent models (91B43)

Uses Software

• Z-Tree
• oTree
• hroot
• SoSci Survey

Cites Work

• `Give me a chance!' An experiment in social decision under risk
• The ratio bias phenomenon: fact or artifact?
• Reining in excessive risk-taking by executives: the effect of accountability
• On the conjunction fallacy in probability judgment: new experimental evidence regarding Linda
• Are CEOs Rewarded for Luck? The Ones Without Principals Are
• A Theory of Fairness, Competition, and Cooperation

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