A standard tournament contract specifies only tournament prizes. If agents’ performance is measured on a cardinal … scale, the principal can complement the tournament contract by a gap which defines the minimum distance by which the best … performing agent must beat the second best to receive the winner prize. We analyze a tournament with two risk averse agents …

tournament; i.e. interim winning managers tend to increase their level of risk exposure more than losing managers. It also shows … risk altering can be regarded as an indication of managers’ superior ability. However, the tournament behaviour can still …By applying tournament analysis to the UK Unit Trusts data, the results support significant risk shifting in the family …

We consider a simple tournament model in which individuals auto-select into the contest …

players improve the performance of four teams which participate in a tournament, such as in the UEFA Champions League (UCL …

This experiment compares the performance of two contest designs: a standard winner-take-all tournament with a single …-take-all tournament. The proportional-prize contest performs better by limiting the degree to which heterogeneity among contestants …

We describe a simple computing technique for the tournament choice problem. It rests upon a relational modeling and … set, the minimal covering set, the Banks set, and the tournament equilibrium set are delivered. We present an example of a … tournament on a small set of alternatives, for which the above choice sets are computed and visualized via RelView. The technique …