Expectations-based loss aversion in contests

DOI10.1016/J.GEB.2022.01.018MaRDI QIDQ2673203zbMATH OpenOpenAlexFDO

Authors Yanyan Li

Publication date 9 June 2022

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

Full work available at URL https://doi.org/10.1016/j.geb.2022.01.018

zbMATH Keywords

choice-acclimating personal Nash equilibrium (CPNE)contestloss aversionpreferred personal Nash equilibrium (PPNE)reference-dependent preference

Mathematics Subject Classification ID

Noncooperative games (91A10)

Recommendations

• Multi-prize contests with expectation-based loss-averse players
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• Risk aversion in symmetric and asymmetric contests
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Cites work

• A model of price discrimination under loss aversion and state-contingent reference points
• A model of reference-dependent preferences
• Aggregate comparative statics
• Asymmetric contests with general technologies
• Cumulative prospect theory preferences in rent-seeking contests
• Effort maximization in asymmetric contest games with heterogeneous contestants
• Equilibrium notions for agents with cumulative prospect theory preferences
• Expectation-based loss aversion and rank-order tournaments
• Expectation-based loss aversion and strategic interaction
• Expectations-based reference-dependent life-cycle consumption
• Fairness and desert in tournaments
• scientific article; zbMATH DE number 3310623 (Why is no real title available?)
• Market Structure and Innovation
• Multi-dimensional reference-dependent preferences in sealed-bid auctions -- how (most) laboratory experiments differ from the field
• Multi-prize contests with expectation-based loss-averse players
• Multi-prize contests with risk-averse players
• On the existence and uniqueness of pure Nash equilibrium in rent-seeking games
• On the Existence of Cournot Equilibrium
• Price discrimination with loss averse consumers
• Regular prices and sales
• Risk aversion in symmetric and asymmetric contests
• The power of money: wealth effects in contests
• The strategic equivalence of rent-seeking, innovation, and patent-race games.

Cited in

(13)

• Gambling in contests with heterogeneous loss constraints
• Asymmetric discouragement in asymmetric contests
• Expectation-based loss aversion and strategic interaction
• Multi-prize contests with expectation-based loss-averse players
• On loss aversion, level-1 reasoning, and betting
• Cumulative prospect theory preferences in rent-seeking contests
• Expectation-based loss aversion and rank-order tournaments
• Loss aversion and competition in Vickrey auctions: money ain't no good
• Hypothetical thinking and the winner's curse: an experimental investigation
• Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study
• A Comment on “Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study”
• Momentum in contests and its underlying behavioral mechanisms
• How confidence heterogeneity shapes effort and performance in tournaments and contests

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