Search Results - subject:"Extensive form"

Deng, Shanglyu; Fang, Hanming; Fu, Qiang; Wu, Zenan - 2022

An incumbent employee competes against a new hire for bonus or promotion. The incumbent’s ability is commonly known, while that of the new hire is private information. The incumbent is subject to a perceptional bias: His prior about the new hire’s type differs from the true underlying...

Persistent link: https://www.econbiz.de/10013292916

Optimal and Fair Prizing in Sequential Round-Robin Tournaments : Experimental Evidence

Lauber, Arne; March, Christoph; Sahm, Marco - 2022

We report results from the ﬁrst experimental study of round-robin tournaments. In our experiment, we investigate how the prize structure aﬀects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three players. We compare tournaments with a second prize...

Persistent link: https://www.econbiz.de/10013293842

Tournaments with reserve performance

Drugov, Mikhail; Ryvkin, Dmitry; Zhang, Jun - 2022

We study tournaments where winning a rank-dependent prize requires passing a reserve---a minimum performance standard. Agents' performance is determined by effort and noise. For log-concave noise distributions the optimal reserve is at the modal performance, and the optimal prize scheme is...

Persistent link: https://www.econbiz.de/10013294504

Multiple Prizes in Tournaments with Career Concerns

Name Correa, Alvaro J.; Yildirim, Huseyin - 2022

We introduce career concerns into rank-order tournaments and offer a novel explanation for the pervasiveness of multiple prizes. We argue that career-concerned individuals, already facing market pressure to perform, will be reluctant to participate in winner-take-all competitions. To entice them...

Persistent link: https://www.econbiz.de/10013296040

Even-split Strategy in Sequential Colonel Blotto Games

Li, Xinmi; Zheng, Jie - 2022

We generalize Klumpp, Konrad and Solomon's model (KKS Model) to multi-contestant sequential Colonel Blotto Games with prize functions where any contestant's prizes only depend on this contestant's own number of winning rounds. We show that with weakly monotonic prize functions and CSFs...

Persistent link: https://www.econbiz.de/10013321925

Gender differences in tournament choices : risk preferences, overconfidence, or competitiveness?

Veldhuizen, Roel van - In: Journal of the European Economic Association : JEEA 20 (2022) 4, pp. 1595-1618

Persistent link: https://www.econbiz.de/10013349259

Extensive-form level-k thinking

Schipper, Burkhard; Zhou, Hang - 2022

experimental game theory. We consider the extension of level-k thinking to extensive-form games. Player's may learn about levels of … consistent with the information set. We compare extensive-form level-k thinking with other solution concepts such as level …-k thinking in the associated normal-form, extensive-form rationalizability, ∆-rationalizability, iterated admissibility, and …

Persistent link: https://www.econbiz.de/10013350881

Competition and risk-taking

Gürtler, Oliver; Struth, Lennart; Thon, Max - 2022

In many situations, agents take risks by choosing an action that increases their performance immediately, but 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...

Persistent link: https://www.econbiz.de/10013337710

Computing Stackelberg Equilibrium with Memory in Sequential Games

Aradhye, Aditya; Bošanský, Branislav; Hlaváček, Michael - 2022

Stackelberg equilibrium is a solution concept that describes optimal strategies to commit: Player 1 (the leader ) first commits to a strategy that is publicly announced, then Player 2 (the follower ) plays a best response to the leader’s commitment. We study the problem of computing...

Persistent link: https://www.econbiz.de/10013310672

Effort Allocations in Elimination Tournaments

Sela, Aner - 2022

We study elimination tournaments with n stages and 2ⁿ symmetric players. The players have effort budgets that decrease within the stages proportionally to the efforts allocated in the previous stages such that for each effort unit that a player allocates, he loses α (the fatigue parameter)...

Persistent link: https://www.econbiz.de/10013312276