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This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose the degree of risk taking depending on the...
Persistent link: https://www.econbiz.de/10002455855
This paper analyzes potential gender differences in competitive environments using a sample of over 100,000 professional tennis matches. We focus on two phenomena of the labor and sports economics literature: the hot-hand and clutch-player effects. First, we find strong evidence for the hot-hand...
Persistent link: https://www.econbiz.de/10010501873
, the bulk of the research addresses competition with others and excludes other economically relevant competition that may … contribute to the gender pay gap. In this paper, we ask: How does gender affect how individuals react to competition against … women select into intrapersonal competition at significantly higher rates than interpersonal competition, the first such …
Persistent link: https://www.econbiz.de/10011631427
Many experiments indicate that most individuals are not purely motivated by material self interest, but also care about the well being of others. In this paper we examine tournaments among inequity averse agents, who dislike disadvantageous inequity (envy) and advantageous inequity (compassion)....
Persistent link: https://www.econbiz.de/10011415111
Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the...
Persistent link: https://www.econbiz.de/10011335241
employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …
Persistent link: https://www.econbiz.de/10011402873
probability. -- Risk aversion ; competitiveness ; gender ; culture ; mixed-sex competition …
Persistent link: https://www.econbiz.de/10003941764
Individuals who compete in a contest-like situation (for example, in sports, in promotion tournaments, or in an appointment contest) may have an incentive to illegally utilize resources in order to improve their relative positions. We analyze such doping or cheating within a tournament game...
Persistent link: https://www.econbiz.de/10003377751
We empirically model performance in the final round of a multiple-round tournament as a spatially autoregressive process, allowing us to sign and quantify the endogenous interactions between competitors. Doing so speaks to significant regularities in the data that suggest that a player's own...
Persistent link: https://www.econbiz.de/10003603597
From an employer's perspective a tournament should induce agents to exert productive activities but refrain from destructive ones. We experimentally test the predictive power of a tournament model which suggests that within a reasonable framework productive and destructive activities are not...
Persistent link: https://www.econbiz.de/10003248842