Eisenkopf, Gerald; Teyssier, Sabrina - In: Journal of Economic Psychology 34 (2013) C, pp. 240-255
that monetary payoffs are not the only motive that determines agents’ decisions. In our experiment we test theoretical … predictions about the role of envy and loss aversion in tournaments. Our results confirm that the limitation of inequity between … effort. They suggest that envy and loss aversion drive behavior in tournaments. Moreover, we show that standard theory …