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Neuroeconomics and management control
Published on Sep 07, 20151632 Views
At the wake of the global financial crisis which has been inarguably provoked by excessive risk taking in the financial sector, the debate has reopened in practice and academia about managerial incent
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Chapter list
Neuroeconomics and management control00:00
Economics02:16
Economic decisions03:21
Violations of utility maximisation rule06:09
Alternative programs - 107:53
Alternative programs - 208:15
Alternative programs - 308:31
Make a choice - 109:14
Make a choice - 209:39
Framing effect10:46
Thinking11:58
Economics - neuroscience13:56
Human risk inclination14:52
Make a choice - 315:38
Traditional managerial compensation schemes16:46
Capped bonus scheme18:16
Bonus – malus scheme18:55
The effect of the bonus scheme in the first round19:45
The effect of the bonus scheme in the second round20:35
Reactive control - responding to the presence of salient events21:35
Cognitive control task22:59
Performance23:43
Behavioral shift index24:31
Conclusion25:05