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Optimal and fair prizing in sequential round-robin tournaments : experimental evidence

Lauber, Arne; March, Christoph; Sahm, Marco - 2022

the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three …

Persistent link: https://www.econbiz.de/10013185940

Optimal and Fair Prizing in Sequential Round-Robin Tournaments : Experimental Evidence

Lauber, Arne; March, Christoph; Sahm, Marco - 2022

the prize structure aﬀects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three …

Persistent link: https://www.econbiz.de/10013293842

The Team Allocator Game : Allocation Power in Public Goods Games

Karakostas, Alexandros; Matzat, Dominik; Riewe, Gerhard; … - 2021

We analyze linear, weakest-link and best-shot public goods games in which a distinguished team member, the team allocator, has property rights over the benefits from the public good and can distribute them among team members. These team allocator games are intended to capture natural asymmetries...

Persistent link: https://www.econbiz.de/10013231971

Cross-Game Learning and Cognitive Ability in Auctions

Giebe, Thomas; Kocher, Martin G.; Schudy, Simeon; … - 2021

Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...

Persistent link: https://www.econbiz.de/10013314693

Sequential round-robin tournaments with multiple prizes

Laica, Christoph; Lauber, Arne; Sahm, Marco - 2017 - This version: October 6, 2017

We examine the fairness and intensity of sequential round-robin tournaments with multiple prizes. With three symmetric …

Persistent link: https://www.econbiz.de/10011743460

Fairness in round-robin tournaments with four players and endogenous sequences

Dietz, Fabian; Sahm, Marco - 2024

We examine the effects of endogenous sequences on the fairness in round-robin tournaments with four players, multiple … show that there is no sequence which implies perfect fairness. By contrast, some endogenous sequences imply horizontal ex …-ante fairness irrespective of the prize structure. In winner-take-all tournaments, additional endogenous sequences are horizontally …

Persistent link: https://www.econbiz.de/10014631658

Partial Norms

D'Adda, Giovanna - 2019

We consider an expanded notion of social norms that renders them belief-dependent and partial, formulate a series of related testable predictions, and design an experiment based on a variant of the dictator game that tests for empirical relevance. Main results: Normative beliefs influence...

Persistent link: https://www.econbiz.de/10012889682

Are Groups More Rational than Individuals? A Review of Interactive Decision Making in Groups

Kugler, Tamar - 2012

Many decisions are interactive; the outcome of one party depends not only on its decisions or on acts of nature but also on the decisions of others. In the present article, we review the literature on decision making made by groups of the past 25 years. Researchers have compared the strategic...

Persistent link: https://www.econbiz.de/10013111990

Asymmetric discouragement in asymmetric contests

March, Christoph; Sahm, Marco - 2016

We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our...

Persistent link: https://www.econbiz.de/10011539207

Optimal accuracy of unbiased Tullock contests with two heterogeneous players

Sahm, Marco - 2022

I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize valuations. The designer maximizes the winning probability of the strong player or the winner’s expected valuation by choosing a contest with an all-pay auction equilibrium...

Persistent link: https://www.econbiz.de/10013172104