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Intergenerational Attitudes Towards Strategic Uncertainty and Competition : a Field Experiment in a Swiss Bank

Madiès, Thierry ; Villeval, Marie Claire ; Wasmer, Malgorzata

In: European Economic Review, 2013, vol. 61, p. 153-168

With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from entry depend on relative performance. This difference persists after controlling for attitudes...

Modeling heterogeneity: a praise for varying-coefficient models in causal analysis

Sperlich, Stefan ; Theler, Raoul

In: Computational Statistics, 2015, vol. 30, no. 3, p. 693-718