Asymmetric discouragement in asymmetric contests
March, Christoph; Sahm, Marco (2017): Asymmetric discouragement in asymmetric contests, in: Economics Letters, Amsterdam [u.a.]: Elsevier, Jg. 151, S. 23–27, doi: 10.1016/j.econlet.2016.11.032.
Faculty/Chair:
Author:
 ; 
Title of the Journal:
Economics Letters
ISSN:
0165-1765
Publisher Information:
Year of publication:
2017
Volume:
151
Pages:
Language:
English
DOI:
Abstract:
We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our results can be explained by a simple model of disappointment aversion.
Keywords:
Asymmetric contest
 ; 
Discouragement effect
 ; 
Disappointment aversion
 ; 
Laboratory experiment
Peer Reviewed:
Yes:
International Distribution:
Yes:
Type:
Article
URI:
Activation date:
June 28, 2018

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