Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146898
Authors: 
March, Christoph
Sahm, Marco
Year of Publication: 
2016
Series/Report no.: 
BERG Working Paper Series 117
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

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