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My dissertation is titled 'Creating the Hot Hand Effect with a Grand Prize.' It develops a theory of how the addition of a grand prize for performance in a sequence of tournaments affects agents' effort and participation decisions. The theory's predictions are empirically tested with data from...
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This study examines how PGA Tour golfers' playing strategies offset a ban on technologically superior golf club grooves and how the strategy changes translated into performance changes. The ban, which was implemented at the beginning of the 2010 season, effectively decreased golfers' abilities...
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This lesson is designed to give students in a wide variety of undergraduate classes the opportunity to identify the problems inherent in analyzing imperfect data. Students are asked to analyze data, which the authors provide, from the Professional Golfers’ Association Tour to ponder the link...
Persistent link: https://www.econbiz.de/10010690788
Awarding a grand prize to the player who wins most often in a series of contests links the contests together and makes incentives in the current contest depend on past performance. A lucky player who wins early faces relatively stronger economic incentives to exert effort because of his early...
Persistent link: https://www.econbiz.de/10010778319
This paper considers the problem of estimation when one of a number of populations, assumed normal with known common variance, is selected on the basis of it having the largest observed mean. Conditional on selection of the population, the observed mean is a biased estimate of the true mean....
Persistent link: https://www.econbiz.de/10009469282
The combination and joint estimation of revealed and stated preference (RP/SP) data approach to examining consumer preferences to relevant policy-based measures typically fail to account for heterogeneity in the data by considering behavior of the average individual. However, in policy-based...
Persistent link: https://www.econbiz.de/10010862810
One of the major criticisms of stated preference data is hypothetical bias. Using a unique data set of both stated and actual behavior we test for hypothetical bias of stated preference survey responses. We consider whether respondents tend to overstate their participatory sporting event...
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