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players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …
Persistent link: https://www.econbiz.de/10010366511
discouragement effect when taking risk. -- Tournaments ; Competition ; Risk-Taking … stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition. The game …
Persistent link: https://www.econbiz.de/10003782297
We study risk-taking behavior in a simple two person tournament in a theoretical model as well as a laboratory experiment. First, a model is analyzed in which two agents simultaneously decide between a risky and a safe strategy and we allow for all possible degrees of correlation between the...
Persistent link: https://www.econbiz.de/10010268692
We study risk-taking behavior in a simple two person tournament in a theoretical model as well as a laboratory experiment. First, a model is analyzed in which two agents simultaneously decide between a risky and a safe strategy and we allow for all possible degrees of correlation between the...
Persistent link: https://www.econbiz.de/10005822136
players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …
Persistent link: https://www.econbiz.de/10004968442
players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …
Persistent link: https://www.econbiz.de/10005785871
players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …
Persistent link: https://www.econbiz.de/10010333998
. At stagetwo, both players observe the given level of risk and simultaneouslyinvest in a winner-take-all competition. The …
Persistent link: https://www.econbiz.de/10009354148
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 …
Persistent link: https://www.econbiz.de/10013438624
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 …
Persistent link: https://www.econbiz.de/10013337710