Lauber, Arne; March, Christoph; Sahm, Marco - 2022
We report results from the first experimental study of round-robin tournaments. In our experiment, we investigate how … players. We compare tournaments with a second prize equal to either 0%, 50%, or 100% of the first prize. While theory predicts … advantaged in the 100%-treatment and disadvantaged in the 0%-treatment. Also in line with the theory, we identify a strategic …