Incentive systems for risky investment decisions under unknown preferences: Ortner et al. revisited
type: Item
instance of: scholarly article
title: Incentive systems for risky investment decisions under unknown preferences: Ortner et al. revisited
zbMATH Open document ID: 1404.91251
author: Josef Schosser
published in: Games
publication date: 2018-07-10T00:00:00Z
review text: Summary: Comment to [\textit{J. Ortner} et al., ``Incentive systems for risky investment decisions under unknown preferences'', Manage. Account. Res. 36, No. 1, 43--50 (2017; \url{doi:10.1016/j.mar.2016.09.001})], who propose the state-contingent relative benefit cost allocation scheme as an incentive system for risky investment decisions. The note at hand reveals the information distribution implicitly assumed within the framework of this study. Based on this information distribution, both simpler and more powerful ways to induce consistency exist.
Mathematics Subject Classification ID: 91G10
zbMATH DE Number: 6901036
zbMATH Keywords: investment decision
zbMATH Keywords: performance measure
zbMATH Keywords: relative benefit cost allocation
MaRDI profile type: Publication
full work available at URL: g9020026
OpenAlex ID: W2598789138
Wikidata QID: Q129797659
DOI: 10.3390/G9020026
description: scientific article; zbMATH DE number 6901036