Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/225536
Authors: 
Kassis, Mark
Schmidt, Sascha Leonard
Schreyer, Dominik
Sutter, Matthias
Year of Publication: 
2020
Series/Report no.: 
ECONtribute Discussion Paper 024
Abstract: 
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly paid professionals in soccer penalty shootouts and show that teams whose captains can decide about the shooting sequence are more likely to win the shootout. So, managerial decisions matter for outcomes of dynamic tournaments and we discuss potential reasons for this finding.
Subjects: 
Dynamic tournament
sports professionals
psychological pressure
value of decision rights
penalty shoot-outs
behavioral economics
JEL: 
C93
D00
D81
D91
Z20
Document Type: 
Working Paper

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