We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...

Berger and Pope (2011) show that being slightly behind increases the likelihood of winning in professional and collegiate basketball. We extend their analysis to large samples of Australian football, American football and rugby matches, but find little to no evidence of such an effect for these...

This paper examines how within-match variation in incentives affects the performance of darts players. The game of darts offers an attractive naturally occurring research setting, because performance can be observed at the individual level and without obscuring effects of risk considerations and...