Incentives and Risk Taking
Motivation: There is a popular belief that the recent financial crisis was caused by corporate decision-makers whose incentive schemes were such that taking risky actions benefited them personally and harmed their organizations and the economy. Is this really the case? This workshop brings together a group of academics who have conducted significant research on the relation between incentives and risk taking. The papers on the program present theoretical, empirical, and physiological approaches on the incentives – risk taking association. The objective is that the paper presentations and the ensuing discussions will provide better insights into how incentives affect the actions of agents.