Eriksen, Kristoffer W; Kvaløy, Ola - Handelshøgskolen, Universitetet i Stavanger - 2015
We study risk-taking behavior in tournaments where the optimal strategy is to take no risk. By keeping the optimal … strategy constant, while varying the competitiveness in the tournaments, we are able to investigate the relationship between … we removed feedback about winner’s decisions each round, and when we reduced the number of contestants in the tournaments …