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dc.contributor.authorLee, Jungminen_US
dc.date.accessioned2009-01-28T16:15:25Z-
dc.date.available2009-01-28T16:15:25Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20615-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1345en_US
dc.subject.jelM5en_US
dc.subject.jelD8en_US
dc.subject.ddc330en_US
dc.subject.keywordrisken_US
dc.subject.keywordtournamenten_US
dc.subject.keywordpokeren_US
dc.subject.stwRisikopräferenzen_US
dc.subject.stwGlücksspielen_US
dc.subject.stwWettbewerben_US
dc.subject.stwPreisen_US
dc.subject.stwÖkonomischer Anreizen_US
dc.subject.stwExperimenten_US
dc.titlePrize and Risk-Taking Strategy in Tournaments : Evidence from Professional Poker Playersen_US
dc.typeWorking Paperen_US
dc.identifier.ppn474407659en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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