Reward schemes
(2017)
Journal Article
Lagziel, D., & Lehrer, E. (2018). Reward schemes. Games and Economic Behavior, 107, 21-40. https://doi.org/10.1016/j.geb.2017.10.019
An investor has some funds invested through portfolio managers. By the end of the year, she reallocates the funds among these managers according to the managers' performance. While the investor tries to maximize her subjective utility (that depends o... Read More about Reward schemes.