Strive to be first or avoid being last: an experiment on relative performance incentives

DOI10.1016/J.GEB.2015.08.008MaRDI QIDQ894607zbMATH OpenOpenAlexFDO

Authors E. Glenn Dutcher, Loukas Balafoutas, Florian Lindner, Dmitry Ryvkin, Matthias Sutter

Publication date 2 December 2015

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

Full work available at URL http://hdl.handle.net/10419/120981

zbMATH Keywords

experimentlearningtournamentcontractloserwinner

Mathematics Subject Classification ID

Multistage and repeated games (91A20) Experimental studies (91A90)

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Cites work

• A model of reference-dependent preferences
• Experimental comparison of multi-stage and one-stage contests
• Individual-level loss aversion in riskless and risky choices
• Learning in extensive-form games: Experimental data and simple dynamic models in the intermediate term
• Performance in Competitive Environments: Gender Differences
• Quantal response equilibria for normal form games
• Quantal response equilibrium and overbidding in private-value auctions
• Reinforcement and directional learning in the ultimatum game with responder competition
• Relative performance compensation, contests, and dynamic incentives
• Strategy and dynamics in contests
• The Theory of Moral Hazard and Unobservable Behaviour: Part I
• The nature of tournaments

Cited in

(12)

• First vs. best improvement: an empirical study
• Framing of incentives and effort provision
• Shirking and ``choking under incentive-based pressure: A behavioral economic theory of performance production
• Social motives and risk-taking in investment decisions
• Relative performance compensation, contests, and dynamic incentives
• How tournament incentives affect asset markets: a comparison between winner-take-all tournaments and elimination contests
• Turning relative deprivation into a performance incentive device
• ``Success breeds success or ``Pride goes before a fall? Teams and individuals in multi-contest tournaments
• Tournament rewards and heavy tails
• Contests with group size uncertainty: experimental evidence
• Study of psychological preferences in working contest
• First-mover advantage in best-of series: an experimental comparison of role-assignment rules

Describes a project that uses

Uses Software

• Z-Tree

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