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Ernst Fehr | Beliefs, values and business success

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Free download: https://www.ubscenter.uzh.ch/en/publications/public_papers.html Ernst Fehr argues at the UBS Center Forum session on culture and economic prosperity that corporate culture is important because human behavior is always co-determined by the prevailing social norms. Ernst Fehr is a Professor of Microeconomics and Experimental Economics at the Department of Economics at the University of Zurich and Director of the UBS International Center of Economics in Society. He is a former president of the Economic Science Association and of the European Economic Association, honorary member of the American Academy of Arts and Sciences, and John Kenneth Galbraith Fellow of the American Academy of Political and Social Sciences. Ernst Fehr’s research interests include social and biological foundations of human motivation, the effects of social and economic incentives on human behavior, and the optimal design of contracts and institutions. In his UBS Center Public Paper, Ernst Fehr argues that corporate culture is important because human behavior is always co-determined by the prevailing social norms. It is in the company’s interest to shape these norms through a cooperative culture that mobilizes employees’ voluntary cooperation in the pursuit of the firm’s performance goals. There are many views and opinions on what a good corporate culture is like. But they often lack a sound understanding of what drives behavior in a company. Experimental and behavioral economics sheds light on the underlying decision-making processes and helps managers to positively influence their employees’ behavior. Based on scientific data, it provides answers to questions such as which rules and incentives are needed for a successful corporate culture, how can we limit free-rider effects, and how can we foster productive and constructive cooperation among employees? Fehr research: https://www.ubscenter.uzh.ch/en/research/members/fehr.php Event info: https://www.ubscenter.uzh.ch/en/events/forum/2018.html #UBSCenterForum #EconomicsForSociety #UniversityOfZurich
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