Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18808
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dc.contributor.authorDaido, Koheien_US
dc.contributor.authorItoh, Hideshien_US
dc.date.accessioned2009-01-28T15:53:02Z-
dc.date.available2009-01-28T15:53:02Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18808-
dc.description.abstractWe attempt to formulate and explain two types of self-fulfilling prophecy, called thePygmalion effect (if a supervisor thinks her subordinates will succeed, they are more likely tosucceed) and the Galatea effect (if a person thinks he will succeed, he is more likely tosucceed). To this purpose, we extend a simple agency model with moral hazard and limitedliability by introducing a model of reference dependent preferences (RDP) by K?szegi andRabin (2004). We show that the agent with high expectations about his performance can beinduced to choose high effort with low-powered incentives. We then show that the principal?sexpectation has an important role as an equilibrium selection device.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working papers |x1444en_US
dc.subject.jelM12en_US
dc.subject.jelM54en_US
dc.subject.jelM52en_US
dc.subject.jelD82en_US
dc.subject.jelB49en_US
dc.subject.ddc330en_US
dc.subject.keywordself-fulfilling prophecyen_US
dc.subject.keywordPygmalion effecten_US
dc.subject.keywordGalatea effecten_US
dc.subject.keywordreference dependent preferencesen_US
dc.subject.keywordagency modelen_US
dc.subject.keywordmoral hazarden_US
dc.subject.stwAgency Theoryen_US
dc.subject.stwLeistungsanreizen_US
dc.subject.stwLeistungsmotivationen_US
dc.subject.stwNutzenen_US
dc.subject.stwMoral Hazarden_US
dc.subject.stwBeschränkte Haftungen_US
dc.subject.stwTheorieen_US
dc.titleThe Pygmalion effect : an agency model with reference dependent preferencesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn48516292Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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