کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5071400 1477054 2017 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Contests with group size uncertainty: Experimental evidence
ترجمه فارسی عنوان
رقابت با عدم قطعیت اندازه گروه: شواهد تجربی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
In many contest situations, the number of participants is not observable at the time of investment. We design a laboratory experiment to study individual behavior in Tullock (lottery) contests with group size uncertainty. There is a fixed pool of n potential players, each with independent probability q∈(0,1] of participating. We independently manipulate each of the parameters and test the implied comparative statics predictions. Our results provide considerable support for the theory, both in terms of comparative statics and point predictions. Most surprisingly, we find no evidence of overbidding in treatments where there is a nontrivial probability that group size is one. This stands in stark contrast to the robust overbidding observed in experimental contests with deterministic group size. We propose a one-parameter model that incorporates nonlinear probability weighting and a modified version of joy of winning, which we call Constant Winning Aspirations (CWA), and show that it neatly organizes all of our results.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 105, September 2017, Pages 212-229
نویسندگان
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