Performance-Based Pay and Limited Information Access. An Agent-Based Model of the Hidden Action Problem

Models involving human decision-makers often include idealized assumptions, such as rationality, perfect foresight, and access to relevant information. These assumptions usually assure the models’ internal validity but, at the same time, might limit the models’ power to explain empirical phenomena....

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Veröffentlicht in:	Jahrbücher für Nationalökonomie und Statistik 2024-08, Vol.244 (4), p.381-423
Hauptverfasser:	Reinwald, Patrick, Leitner, Stephan, Wall, Friederike
Format:	Artikel
Sprache:	eng
Schlagworte:	agent-based modeling C63 D00 limited rationality M20 replication robustness simulation
Online-Zugang:	Volltext
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