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IIMB’s Research & Publications office to host seminar titled: ‘Instructions and Incentives in Organizations’ on July 13

The talk will be delivered by Senior Lecturer of the University of Sydney - Prof. Suraj Prasad

11 July, 2022, Bengaluru: The Office of Research and Publications (R&P) at IIM Bangalore will host a seminar titled: ‘Instructions and Incentives in Organizations’, on July 13 (Wednesday), 2022, at 4:00 pm, in Classroom P22. The talk will be delivered by Prof. Suraj Prasad, The University of Sydney, from the Economics & Social Sciences (ESS) area.

The seminar will be in-person, and all standard Covid protocol will be followed.

About the talk: The research proposes a new perspective on organizations, emphasizing the role of instructions in providing incentives. The researchers examine a conflict of interest between a principal and agent over the course of action in an organization. Instructions on the principal's preferred course, lead to a more informed decision by the agent when executing it, thus steering him towards the course. But less informative instructions are an effective incentive tool only when the agent is less able (confident) in their execution or when the agent is sufficiently risk averse. Consequently, hiring a less able or a risk averse agent can be optimal. This has implications for management practices, worker autonomy, and organizational structures.

About the speaker: Dr. Suraj Prasad is a Senior Lecturer at The University of Sydney. His interests are in the areas of organizational economics and contract theory. His work has been published in the RAND Journal of Economics, the Journal of Monetary Economics, the Journal of Industrial Economics, and the Journal of Law, Economics, & Organization, and others.

Website: https://www.sydney.edu.au/arts/about/our-people/academic-staff/suraj-prasad.html

Add to Calendar 2022-07-13 05:30:00 2024-05-09 06:54:13 IIMB’s Research & Publications office to host seminar titled: ‘Instructions and Incentives in Organizations’ on July 13 The talk will be delivered by Senior Lecturer of the University of Sydney - Prof. Suraj Prasad 11 July, 2022, Bengaluru: The Office of Research and Publications (R&P) at IIM Bangalore will host a seminar titled: ‘Instructions and Incentives in Organizations’, on July 13 (Wednesday), 2022, at 4:00 pm, in Classroom P22. The talk will be delivered by Prof. Suraj Prasad, The University of Sydney, from the Economics & Social Sciences (ESS) area. The seminar will be in-person, and all standard Covid protocol will be followed. About the talk: The research proposes a new perspective on organizations, emphasizing the role of instructions in providing incentives. The researchers examine a conflict of interest between a principal and agent over the course of action in an organization. Instructions on the principal's preferred course, lead to a more informed decision by the agent when executing it, thus steering him towards the course. But less informative instructions are an effective incentive tool only when the agent is less able (confident) in their execution or when the agent is sufficiently risk averse. Consequently, hiring a less able or a risk averse agent can be optimal. This has implications for management practices, worker autonomy, and organizational structures. About the speaker: Dr. Suraj Prasad is a Senior Lecturer at The University of Sydney. His interests are in the areas of organizational economics and contract theory. His work has been published in the RAND Journal of Economics, the Journal of Monetary Economics, the Journal of Industrial Economics, and the Journal of Law, Economics, & Organization, and others. Website: https://www.sydney.edu.au/arts/about/our-people/academic-staff/suraj-prasad.html IIM Bangalore IIM Bangalore communications@iimb.ac.in Asia/Kolkata public
Add to Calendar 2022-07-13 05:30:00 2024-05-09 06:54:13 IIMB’s Research & Publications office to host seminar titled: ‘Instructions and Incentives in Organizations’ on July 13 The talk will be delivered by Senior Lecturer of the University of Sydney - Prof. Suraj Prasad 11 July, 2022, Bengaluru: The Office of Research and Publications (R&P) at IIM Bangalore will host a seminar titled: ‘Instructions and Incentives in Organizations’, on July 13 (Wednesday), 2022, at 4:00 pm, in Classroom P22. The talk will be delivered by Prof. Suraj Prasad, The University of Sydney, from the Economics & Social Sciences (ESS) area. The seminar will be in-person, and all standard Covid protocol will be followed. About the talk: The research proposes a new perspective on organizations, emphasizing the role of instructions in providing incentives. The researchers examine a conflict of interest between a principal and agent over the course of action in an organization. Instructions on the principal's preferred course, lead to a more informed decision by the agent when executing it, thus steering him towards the course. But less informative instructions are an effective incentive tool only when the agent is less able (confident) in their execution or when the agent is sufficiently risk averse. Consequently, hiring a less able or a risk averse agent can be optimal. This has implications for management practices, worker autonomy, and organizational structures. About the speaker: Dr. Suraj Prasad is a Senior Lecturer at The University of Sydney. His interests are in the areas of organizational economics and contract theory. His work has been published in the RAND Journal of Economics, the Journal of Monetary Economics, the Journal of Industrial Economics, and the Journal of Law, Economics, & Organization, and others. Website: https://www.sydney.edu.au/arts/about/our-people/academic-staff/suraj-prasad.html IIM Bangalore IIM Bangalore communications@iimb.ac.in Asia/Kolkata public

The talk will be delivered by Senior Lecturer of the University of Sydney - Prof. Suraj Prasad

11 July, 2022, Bengaluru: The Office of Research and Publications (R&P) at IIM Bangalore will host a seminar titled: ‘Instructions and Incentives in Organizations’, on July 13 (Wednesday), 2022, at 4:00 pm, in Classroom P22. The talk will be delivered by Prof. Suraj Prasad, The University of Sydney, from the Economics & Social Sciences (ESS) area.

The seminar will be in-person, and all standard Covid protocol will be followed.

About the talk: The research proposes a new perspective on organizations, emphasizing the role of instructions in providing incentives. The researchers examine a conflict of interest between a principal and agent over the course of action in an organization. Instructions on the principal's preferred course, lead to a more informed decision by the agent when executing it, thus steering him towards the course. But less informative instructions are an effective incentive tool only when the agent is less able (confident) in their execution or when the agent is sufficiently risk averse. Consequently, hiring a less able or a risk averse agent can be optimal. This has implications for management practices, worker autonomy, and organizational structures.

About the speaker: Dr. Suraj Prasad is a Senior Lecturer at The University of Sydney. His interests are in the areas of organizational economics and contract theory. His work has been published in the RAND Journal of Economics, the Journal of Monetary Economics, the Journal of Industrial Economics, and the Journal of Law, Economics, & Organization, and others.

Website: https://www.sydney.edu.au/arts/about/our-people/academic-staff/suraj-prasad.html

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