-taking). We use a randomized natural experiment in professional two-game soccer tournaments where the treatment (order of a stage …Two "order effects" may emerge in dynamic tournaments with information feedback. First, participants adjust effort …

players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …

Abstract Existing theory suggests that three “order effects” may emerge in multi-stage tournaments with information … “effective prize” after an initial victory (leading-effect). Second, leading participants might engage in sabotage activities to … empirically in a natural experiment setting, where professional teams compete in a two-stage tournament with asymmetric initial …

We investigate whether tournament prizes that depend on joint output ("variable prize tournaments") can alleviate the … sabotage problem which is otherwise inherent in tournament struc- tures. In a game-theoretical model with three contestants, we … compare fixed-prize tournaments with tournaments where prizes depend on contestants' joint output. Our analysis suggests that …

potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …

potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …