We investigate how individual risk preferences affect the likelihood of selecting the more able contestant within a two-player Tullock contest. Our theoretical model yields two main predictions: First, an increase in the risk aversion of a player worsens her odds unless she already has a sufficiently large advantage. Second, if the prize money is sufficiently large, a less able but less risk averse contestant can achieve an equal or even higher probability of winning than a more able but more risk averse opponent. In a laboratory experiment we confirm both, the non-monotonic impact and the compensating effect of risk aversion on winning probabilities. Our results suggest a novel explanation for the gender gap and the optimality of limited m...
This paper studies if competition affects subsequent risk-taking behaviour by means of a laboratory ...
We examine the chance of winning a contest when participants dif-fer in both their talent and their ...
It has been established in the literature that, under the assumption of risk-neutral contestants, it...
I examine the impact of risk preferences on efforts and winning probabilities in generalized Tullock...
We investigate, theoretically and experimentally, the effect of competition on risk taking in a cont...
We investigate, theoretically and experimentally, the effect of competition on risk taking in a cont...
We investigate, theoretically and experimentally, the effect of competition on risk taking in a cont...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
In a contest, participants spend money or effort to increase their chances of winning a prize. The a...
International audienceThis paper studies the role of risk attitudes in determining the optimality of...
We study contests where, subject only to a capacity constraint on mean performance, contestants comp...
International audienceThis paper studies the role of risk attitudes in determining the optimality of...
This paper studies if competition affects subsequent risk-taking behaviour by means of a laboratory ...
We examine the chance of winning a contest when participants dif-fer in both their talent and their ...
It has been established in the literature that, under the assumption of risk-neutral contestants, it...
I examine the impact of risk preferences on efforts and winning probabilities in generalized Tullock...
We investigate, theoretically and experimentally, the effect of competition on risk taking in a cont...
We investigate, theoretically and experimentally, the effect of competition on risk taking in a cont...
We investigate, theoretically and experimentally, the effect of competition on risk taking in a cont...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
We study selection contests in which the strategic variable is degree of risk rather than amount of ...
In a contest, participants spend money or effort to increase their chances of winning a prize. The a...
International audienceThis paper studies the role of risk attitudes in determining the optimality of...
We study contests where, subject only to a capacity constraint on mean performance, contestants comp...
International audienceThis paper studies the role of risk attitudes in determining the optimality of...
This paper studies if competition affects subsequent risk-taking behaviour by means of a laboratory ...
We examine the chance of winning a contest when participants dif-fer in both their talent and their ...
It has been established in the literature that, under the assumption of risk-neutral contestants, it...