homogeneous payoffs than individuals. We elicit individual and group preferences towards risk using simple lotteries. The results …

payoffs than individuals. We elicit individual and group preferences towards risk using simple lotteries. The results indicate …

This article experimentally studies a two-stage elimination contest and compares its performance with a one …-stage contest. Contrary to the theory, the two-stage contest generates higher revenue than the equivalent one-stage contest. There … is significant over-dissipation in both stages of the two-stage contest and experience diminishes over-dissipation in the …

guidelines for contests based on behavioral principles that take into account contest features that may not affect the Nash … equilibrium prediction. These lessons suggest design guidelines for future experiments on contests. …

This article experimentally studies a two-stage elimination contest and compares its performance with a one …-stage contest. Contrary to the theory, the two-stage contest generates higher revenue than the equivalent one-stage contest. There … is significant over-dissipation in both stages of the two-stage contest and experience diminishes over-dissipation in the …

This paper experimentally compares the performance of four simultaneous lottery contests: a grand contest, two multiple … prize settings (equal and unequal prizes), and a contest which consists of two subcontests. Consistent with the theory, the … grand contest generates the highest effort levels among all simultaneous contests. In multi-prize settings, equal prizes …

This paper experimentally compares the performance of four simultaneous lottery contests: a grand contest, two multiple … prize settings (equal and unequal prizes), and a contest which consists of two subcontests. Consistent with the theory, the … grand contest generates the highest effort levels among all simultaneous contests. In multi-prize settings, equal prizes …

incorporating behavioral dimensions into the rent-seeking contest, such as (1) the utility of winning, (2) relative payoff …

contests which are isomorphic under risk-neutrality. The results indicate that in aggregate the single-prize contest generates …-prize contest. We also elicit preferences toward risk, ambiguity and losses, and find that while such preferences cannot explain … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results …