Risk Taking in Asymmetric Tournaments
نویسندگان
چکیده
منابع مشابه
Risk Taking in Asymmetric
In an asymmetric tournament model with endogenous risk choice by the agents it is shown that equilibrium efforts decrease (increase) with risk if abilities are sufficiently similar (different). Risk also affects winning probabilities. The interaction of both effects is analyzed. JEL classification: D23, J3, M12.
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ژورنال
عنوان ژورنال: German Economic Review
سال: 2004
ISSN: 1468-0475,1465-6485
DOI: 10.1111/j.1465-6485.2004.00096.x