Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/225536 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
ECONtribute Discussion Paper No. 024
Verlag: 
University of Bonn and University of Cologne, Reinhard Selten Institute (RSI), Bonn and Cologne
Zusammenfassung: 
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.
Schlagwörter: 
Dynamic tournament
sports professionals
psychological pressure
value of decision rights
penalty shoot-outs
behavioral economics
JEL: 
C93
D00
D81
D91
Z20
Dokumentart: 
Working Paper

Datei(en):
Datei
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