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theory. We find that a large prize spread is associated with low degree of uncertainty and high degree of heterogeneity, and … that heterogeneity triggers effort. By large, our real-effort experiment supports the theoretical predictions …
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Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
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Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
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