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Håkan J. Holm
Lund University
51Publications
13H-index
717Citations
Publications 51
Newest
#1Ola Andersson (Research Institute of Industrial Economics)H-Index: 9
#2Håkan J. Holm (Lund University)H-Index: 13
Last.Erik Wengström (Lund University)H-Index: 17
view all 3 authors...
We conduct a contest experiment to study if spread seeking and effort can be managed when participants can invest in increasing both the mean and the spread of an uncertain performance variable. Subjects are treated with different prize schemes and in accordance with theory, we observe higher investments in spread for the winner-take-all scheme. Both types of investments can be controlled with a three-level prize scheme. However, the control management is imperfect and behavior is characterized ...
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#1Ola Andersson (Uppsala University)H-Index: 7
#2Håkan J. Holm (Lund University)H-Index: 13
Last.Erik Wengström (Lund University)H-Index: 17
view all 4 authors...
Decision makers often face incentives to increase risk‐taking on behalf of others through bonus contracts and relative performance contracts. We conduct an experimental study of risk‐taking on behalf of others using a large heterogeneous sample and find that people respond to such incentives without much apparent concern for stakeholders. Responses are heterogeneous and mitigated by personality traits. The findings suggest that lack of concern for others’ risk exposure hardly requires “financial...
1 CitationsSource
#1Håkan J. HolmH-Index: 13
#2Victor Nee (Cornell University)H-Index: 31
Last.Sonja OpperH-Index: 15
view all 3 authors...
Differences in strategic decision making between CEOs and other people are interesting since CEOs make important economic decisions and impact values and norms in society. Our study combines a large stratified random sample of 199 CEOs of medium-size firms with a carefully selected control group of 200 comparable people. All subjects participated in three different incentivized strategic games — Prisoner’s Dilemma, Chicken, Battle-of-the-Sexes. We report substantial and robust differences in bot...
1 CitationsSource
#1Victor Nee (Cornell University)H-Index: 31
#2Håkan J. Holm (Lund University)H-Index: 13
Last.Sonja Opper (Lund University)H-Index: 15
view all 3 authors...
Where does generalized trust—that is, the inclination to place trust in strangers—come from? Our claim is that in economic action, sources of generalized trust may not differ much from the sources ...
4 CitationsSource
#1Sonja OpperH-Index: 2
#2Ronald S. BurtH-Index: 54
Last.Håkan J. HolmH-Index: 13
view all 3 authors...
Cooperation with strangers in one-shot encounters poses a puzzle that is difficult to reconcile with perspectives of rational self-interest and natural selection. The quality of prior “social experience” offers a possible explanation, but the underlying mechanism remains unclear. We hypothesize that people in more closed social networks are less likely to cooperate with a stranger. Further, success reinforces the network predisposition. Regardless of the reason for success, people who have enjoy...
1 CitationsSource
We manipulate the information subjects can share on the web concerning socially sensitive actions (public good contribution) and visibility (selfie) to determine the effect on social image, as captured by the price subjects demand for publication. Our novel design incorporates aspects of social media interaction including limited anonymity and the possibility to manipulate published information in retrospect, which involves a controled decision-making process. The overall conclusion from the exp...
1 CitationsSource
#1Sonja Opper (Lund University)H-Index: 15
#2Victor Nee (Cornell University)H-Index: 31
Last.Håkan J. HolmH-Index: 13
view all 3 authors...
In China, the strategic use of personal relationships is pervasive in transactions with government authorities as well as in inter-firm relations. Explanations as to when and why firms rely on guanxi emphasize a close link between organizational resources, environment and corporate strategic choices. Our study shifts attention to the importance of CEO preferences, specifically risk aversion, and suggests an investment theory of strategic reliance on personal relations to achieve organizational g...
29 CitationsSource
We examine the impact of competition on firms' leniency towards their customers in a heavily regulated market, which is consciously designed to mitigate incentives to deviate from the regulation. Using a panel data set representing 22.5 million periodic vehicle roadworthiness tests during the period 2010-2015, we show that inspection stations operating in more competitive markets are more lenient to their customers than stations operating in less competitive markets. We present both fixed effect...
#1Ola AnderssonH-Index: 7
#2Håkan J. HolmH-Index: 13
Last.Erik WengströmH-Index: 17
view all 3 authors...
#1Ola Andersson (Research Institute of Industrial Economics)H-Index: 9
#2Håkan J. Holm (UCPH: University of Copenhagen)H-Index: 13
Last.Erik Wengström (UCPH: University of Copenhagen)H-Index: 17
view all 4 authors...
Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we report evidence that this relation may be spurious. We recruit a large subject pool drawn from the general Danish population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able to generate both negative and positive correlations between risk aversion and cognitive ability. Our results suggest that cognitive ability ...
34 CitationsSource
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