This paper analyzes 12,596 wagering decisions of 6,064 contestants in the US game show Jeopardy!, focusing on the anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue in their wagering decision, even though there exists...

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...

Using 4,279 episodes of the popular US game show Jeopardy!, we analyze whether the opponents' gender is able to explain the gender gap in competitive behavior. Our findings indicate that gender differences disappear when women compete against men. This result is surprising, but emerges with...

Studying competitiveness and risk-taking among Jeopardy! contestants in the US, this paper analyzes whether and how gender differences emerge with age and by gender of opponent. Our samples contain 186 children (aged 10–12), 310 teenagers (aged 13–17), and 299 undergraduate college students....

Studying competitiveness and risk-taking among Jeopardy! contestants in the US, this paper analyzes whether and how gender differences emerge with age and by gender of opponent. Our samples contain 186 children (aged 10-12), 310 teenagers (aged 13-17), and 299 undergraduate college students. We...

Empirical results grounded in prospect theory shows that taxpayers' compliance is a function of whether they are in a tax gain or loss position, being more likely to “cheat” when they perceive that they are in a tax loss as compared to tax gain. Nevertheless, what remains to be determined is...

Prior research (Schepanski and Shearer, 1995; Alm and Torgler, 2011) relying on prospect theory (Kahneman & Tversky, 1979) shows that taxpayers' compliance is influenced by their perception of whether they owe more or less taxes than they anticipated: Taxpayers are more likely to cheat on their...