Incentive Systems for Risky Investment Decisions Under Unknown Preferences: Ortner et al. Revisited

Josef Schosser
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Josef Schosser: Faculty of Business Administration and Economics, University of Passau, 94030 Passau, Germany

Games, 2018, vol. 9, issue 2, 1-4

Abstract: Ortner et al. ( Manage. Account. Res. 36(1):43–50, 2017) propose the State-Contingent Relative Benefit Cost Allocation Scheme as an incentive system for risky investment decisions. The note at hand reveals the information distribution implicitly assumed within the framework of this study. Based on this information distribution, both simpler and more powerful ways to induce consistency exist.

Keywords: investment decision; performance measure; relative benefit cost allocation (search for similar items in EconPapers)
JEL-codes: C C7 C70 C71 C72 C73 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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