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A Futures Trading Experiment: An Active Classroom Approach to Learning
Mitchell, David; Hunsader, Kenneth; Parker, Scott - Volkswirtschaftliche Fakultät, … - 2011
This paper presents a classroom experiment where students participate in a simulated futures market. This experiment can be run in about an hour and allows students to interact, negotiate, try different strategies, see how their accounts are closed, and observe how spot and futures markets...
Persistent link: https://www.econbiz.de/10011110404
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American Idol: Should it be a Singing Contest or a Popularity Contest?
Amegashie, J. Atsu - Volkswirtschaftliche Fakultät, … - 2007
In the very popular FOX TV reality show, American Idol, the judges, who are presumably experts in evaluating singing effort, have no voting power when the field is narrowed to the top twenty-four contestants. It is only the votes of viewers that count. In the 2007 season of the show, Simon...
Persistent link: https://www.econbiz.de/10011267901
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Forecasts of relative performance in tournaments: evidence from the field
Santos-Pinto, Luís; Park, Young-Joon - Volkswirtschaftliche Fakultät, … - 2004
tournaments. We ask players in luck-based (poker) and skill-based (chess) tournaments to make point forecasts of rank. The main … finding of the paper is that players' forecasts in both types of tournaments are biased towards overestimation of relative …
Persistent link: https://www.econbiz.de/10005260227
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Nachträgliche Reduktion von Vorstandsbezügen: Eine ökonomische Analyse der Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG
Duran, Mihael - Volkswirtschaftliche Fakultät, … - 2011
This paper examines the possibility of reducing executive compensation following the German VorstAG. To examine the potential economic impact of the reduction, a tournament model is introduced. The model shows some implications on the decisions of the Executive Board and Supervisory Board.
Persistent link: https://www.econbiz.de/10009323939
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Using "opposing responses" and relative performance to distinguish empirically among alternative models of promotions
DeVaro, Jed - Volkswirtschaftliche Fakultät, … - 2011
tournaments, market-based tournaments, and performance standards can be sharply distinguished when promotions induce worker effort …. I also show that market-based tournaments with effort choices can be sharply distinguished from those with human capital … propose a new approach – also requiring simultaneous equations – for empirically distinguishing between classic tournaments …
Persistent link: https://www.econbiz.de/10009372482
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Positive self-image in tournaments
Santos-Pinto, Luís - Volkswirtschaftliche Fakultät, … - 2003
form of tournaments. Each worker overestimates his productivity but is aware of the bias in his opponent’s self …
Persistent link: https://www.econbiz.de/10005835656
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Effort in Nomination Contests: Evidence from Professional Soccer
Miklos-Thal, Jeanine; Ullrich, Hannes - Volkswirtschaftliche Fakultät, … - 2010
In most promotion and hiring situations several agents compete for a limited number of attractive positions, assigned on the basis of the agents' relative reputations. Economic theory predicts that agents' effort incentives in such contests depend non-monotonically on their anticipated winning...
Persistent link: https://www.econbiz.de/10008490089
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Prize Structure and Information in Tournaments: Experimental Evidence
Freeman, Richard B.; Gelber, Alexander M. - Volkswirtschaftliche Fakultät, … - 2008
This paper examines behavior in a tournament in which we vary the tournament prize structure and the information available about participants' skill at the task of solving mazes. The number of solved mazes is lowest when payments are independent of performance; higher when a single, large prize is...
Persistent link: https://www.econbiz.de/10005619648
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American Idol: Should it be a Singing Contest or a Popularity Contest?
Amegashie, J. Atsu - Volkswirtschaftliche Fakultät, … - 2007
In the very popular FOX TV reality show, American Idol, the judges, who are presumably experts in evaluating singing effort, have no voting power when the field is narrowed to the top twenty-four contestants. It is only the votes of viewers that count. In the 2007 season of the show, Simon...
Persistent link: https://www.econbiz.de/10005619786
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Effort allocation in tournaments: the effect of gender on academic performance in Italian universities
Castagnetti, Carolina; Rosti, Luisa - Volkswirtschaftliche Fakultät, … - 2007
We consider the academic performance of Italian university graduates and their labor market position 3 years after graduation. Our data confirm the common finding that female students outperform male students in academia but are overcome in the labor market. Assuming that academic competition is...
Persistent link: https://www.econbiz.de/10005621683