Design of A Game to Make Decisions Under Pressure

Johana Suarez Sanchez, Juan David Parra, Laura Marcela Londono Vasquez, Manuela Perez Rodríguez

Abstract


Given the competitive nature of their jobs, it is not surprising that the majority of managers actively seek ways to strengthen its administrative capacity and ability to achieve effective performance. There are different reasons why there is so much interest in improving decision making at management levels, some relevant reasons are the quality and acceptability of decisions that could influence some aspects of career and personal satisfaction on managers. In this paper, we examine the influence of time pressure and time-dependent incentive schemes on the quality of decision-making in an experimental contest game.

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