| dc.creator |
Lee, Jungmin |
|
| dc.date |
2004 |
|
| dc.date.accessioned |
2013-10-16T07:11:27Z |
|
| dc.date.available |
2013-10-16T07:11:27Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/20615 |
|
| dc.identifier |
ppn:474407659 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/20615 |
|
| dc.description |
This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose the degree of risk taking depending on the incentives implied by the prize structure they face. I find that they are more sensitive to losses than to gains. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
IZA Discussion paper series 1345 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
M5 |
|
| dc.subject |
D8 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
risk |
|
| dc.subject |
tournament |
|
| dc.subject |
poker |
|
| dc.subject |
Risikopräferenz |
|
| dc.subject |
Glücksspiel |
|
| dc.subject |
Wettbewerb |
|
| dc.subject |
Preis |
|
| dc.subject |
Ökonomischer Anreiz |
|
| dc.subject |
Experiment |
|
| dc.title |
Prize and Risk-Taking Strategy in Tournaments : Evidence from Professional Poker Players |
|
| dc.type |
doc-type:workingPaper |
|