Asymmetric discouragement in asymmetric contests

March, Christoph; Sahm, Marco

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/146898

Title:

Asymmetric discouragement in asymmetric contests

Authors:

March, Christoph
Sahm, Marco

Year of Publication:

2016

Series/Report no.:

BERG Working Paper Series No. 117

Publisher:

Bamberg University, Bamberg Economic Research Group (BERG), Bamberg

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.

Subjects:

Asymmetric Contest
Discouragement Effect
Disappointment Aversion
Laboratory Experiment

JEL:

C72
C92
D72

ISBN:

978-3-943153-36-1

Document Type:

Working Paper

Appears in Collections:

BERG Working Paper Series, Universität Bamberg

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