کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
885105 | 912659 | 2012 | 17 صفحه PDF | دانلود رایگان |

We consider two-stage tournaments with different information structures: Either competitors observe each others’ first-stage effort before entering the second stage or not. In laboratory experiments, we observe that subjects adjust their effort to the effort information (if available): While subjects who lead continue to exert the higher effort, they tend to lower their effort relative to the first stage, whereas those who lag increase it. Moreover, the larger the first-stage effort gap, the lower are second-stage efforts. These observations are consistent with our predictions for status-concerned subjects who care about their relative (interim) standing and the size of the effort gap.
► Dynamic tournaments with and without effort information.
► People care about their relative standing in dynamic tournaments.
► Different reactions of favorites and underdogs.
► Incentives do not increase overall.
Journal: Journal of Economic Psychology - Volume 33, Issue 1, February 2012, Pages 166–182