Asymmetric discouragement in asymmetric contests

Autori

• Christoph March

Parametri

• Economia e affari
• BERG working paper series

Maggiori informazioni sul libro

We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our results can be explained by a simple model of disappointment aversion.

Per saperne di più

Lingua: Inglese

Pubblicato: 2016