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stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition. The game … discouragement effect when taking risk. -- Tournaments ; Competition ; Risk-Taking …
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In a crowdsourcing contest, innovation is outsourced by a firm to an open crowd that competes in generating innovative solutions. Given that the projects typically consist of multiple attributes, how should the firm optimally design a crowdsourcing contest for such a project? We consider two...
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