Competitive problem solving and the optimal prize schemes

DOI10.1016/J.GEB.2012.02.016MaRDI QIDQ423782zbMATH OpenOpenAlexFDO

Authors Toru Suzuki

Publication date 4 June 2012

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.geb.2012.02.016

zbMATH Keywords

experimentationoptimal prize schemeproblem solvingrisk taking

Mathematics Subject Classification ID

Experimental studies (91A90) Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Optimal Award Scheme in Innovation Tournaments
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Cites work

• A simple model of equilibrium in search procedures
• Contest architecture
• On the evolution of attitudes towards risk in winner-take-all games
• Optimal risk taking in an uneven tournament game with risk averse players
• Risk taking in selection contests
• Stationary multi-choice bandit problems.

Cited in

(4)

• Competitive prizes: when less scrutiny induces more effort
• Open problems in some competition models
• Optimal Award Scheme in Innovation Tournaments
• Reward design in risk-taking contests

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