GERCHAK, YIGAL; KILGOUR, D. MARC - In: International Game Theory Review (IGTR) 16 (2014) 03, pp. 1450002-1
The compensation received by economic agents reflects their performance. Usually compensation reflects performance measured cardinally, but sometimes ordinal considerations play a role. It is well established that rewards — cardinal or ordinal — can rationally motivate contestants to put...