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Facing Your Opponents: Social Identification and Information Feedback in Contests
Mago, Shakun; Samak, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013
We experimentally investigate the effect of social identification and information feedback on individual behavior in …. Identifying subjects through photo display decreases wasteful effort. Providing information feedback about others’ effort does not … improved information feedback decreases the heterogeneity of effort. …
Persistent link: https://www.econbiz.de/10011259314
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Best-of-Three Contest Experiments: Strategic versus Psychological Momentum
Mago, Shakun; Sheremeta, Roman; Yates, Andrew - Volkswirtschaftliche Fakultät, … - 2012
We conduct an experimental analysis of a best-of-three contest. Intermediate prizes lead to higher efforts, while increasing the role of luck (as opposed to effort) leads to lower efforts. Both intermediate prizes and luck reduce the probability of contest ending in two rounds. The patterns of...
Persistent link: https://www.econbiz.de/10011259589