Optimal and fair prizing in sequential round-robin tournaments: Experimental evidence
We experimentally investigate how the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three players. We compare tournaments with a second prize equal to either 0%, 50%, or 100% of the first prize. While theory predicts the 50%-treatmen...
Saved in:
| Published in | Games and economic behavior Vol. 141; pp. 30 - 51 |
|---|---|
| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
Elsevier Inc
01.09.2023
|
| Subjects | |
| Online Access | Get full text |
| ISSN | 0899-8256 1090-2473 |
| DOI | 10.1016/j.geb.2023.05.011 |
Cover
| Abstract | We experimentally investigate how the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three players. We compare tournaments with a second prize equal to either 0%, 50%, or 100% of the first prize. While theory predicts the 50%-treatment to be most intense, we find that aggregate effort is highest in the 0%-treatment. In contrast, our evidence supports the predictions that the 50%-treatment is fairest (though not perfectly fair), whereas the late mover is advantaged in the 100%-treatment and disadvantaged in the 0%-treatment. Also in line with the theory, we identify a strategic (reverse) momentum: after winning the first match, a player increases (decreases) effort in the second match of the 0%-treatment (100%-treatment). Additional findings suggest that dynamic behavior is also subject to a psychological momentum. |
|---|---|
| AbstractList | We experimentally investigate how the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three players. We compare tournaments with a second prize equal to either 0%, 50%, or 100% of the first prize. While theory predicts the 50%-treatment to be most intense, we find that aggregate effort is highest in the 0%-treatment. In contrast, our evidence supports the predictions that the 50%-treatment is fairest (though not perfectly fair), whereas the late mover is advantaged in the 100%-treatment and disadvantaged in the 0%-treatment. Also in line with the theory, we identify a strategic (reverse) momentum: after winning the first match, a player increases (decreases) effort in the second match of the 0%-treatment (100%-treatment). Additional findings suggest that dynamic behavior is also subject to a psychological momentum. |
| Author | March, Christoph Sahm, Marco Lauber, Arne |
| Author_xml | – sequence: 1 givenname: Arne surname: Lauber fullname: Lauber, Arne organization: University of Bamberg, Department of Economics, Feldkirchenstraße 21, 96052 Bamberg, Germany – sequence: 2 givenname: Christoph surname: March fullname: March, Christoph organization: University of Bamberg, Department of Economics, Feldkirchenstraße 21, 96052 Bamberg, Germany – sequence: 3 givenname: Marco orcidid: 0000-0002-6528-6551 surname: Sahm fullname: Sahm, Marco email: marco.sahm@uni-bamberg.de organization: University of Bamberg, Department of Economics, Feldkirchenstraße 21, 96052 Bamberg, Germany |
| BookMark | eNp9kMtOwzAQRS1UJNrCB7DLDySMnTgPWKGqPKRK3ZS15dhONVHrFNutgK_HUVmx6Go0c-eM7twZmdjBGkLuKWQUaPnQZ1vTZgxYngHPgNIrMqXQQMqKKp-QKdRNk9aMlzdk5n0PAJxVMCUf60PAvdwl0uqkk-iSg8MftNsEbeLN59HYgFF2w9Hq1A1tHIfh6KzcR8U_Jsuvg3E4NnHLnFAbq8wtue7kzpu7vzonm5flZvGWrtav74vnVarykoVUK85aKTsti5rzpmhrzeKgrbhU0V2UjTJVw6DjnElF6-i5yLXSOZTQFvmc0PNZ5QbvnelENL-X7ltQEGMsohcxFjHGIoCLGEtkqn-MwiADDjY4ibuL5NOZNPGjExonvMLxW43OqCD0gBfoXz66gNA |
| CitedBy_id | crossref_primary_10_2139_ssrn_4868724 |
| Cites_doi | 10.1111/j.1542-4774.2010.tb00538.x 10.1016/j.geb.2008.05.002 10.1016/j.jebo.2009.04.018 10.1016/j.geb.2013.02.012 10.1177/0022002712438355 10.1016/j.jebo.2018.02.015 10.1093/ej/uez040 10.1016/0010-0285(85)90010-6 10.1016/j.ijindorg.2019.102578 10.1111/j.1465-7295.2009.00274.x 10.1162/003465399558427 10.1016/j.geb.2018.05.005 10.1111/j.1467-6419.2008.00557.x 10.1016/j.geb.2017.05.008 10.1111/joes.12022 10.1007/s40881-015-0004-4 10.1007/s10683-018-9569-0 10.1007/s10951-019-00624-8 10.1111/jpet.12308 10.1016/j.jpubeco.2018.03.003 10.1007/s00355-017-1027-y 10.1016/j.jebo.2004.09.013 10.1007/s10683-015-9461-0 10.1111/j.1468-0297.2008.02204.x 10.1509/jmkr.46.3.356 10.1007/s10683-014-9421-0 10.1007/s00355-020-01239-1 10.1016/j.geb.2009.08.001 10.1016/j.jebo.2020.01.005 10.1016/j.geb.2021.06.012 10.1023/A:1004916624881 10.1007/BF01211819 10.1016/j.geb.2014.06.003 10.1257/000282802762024700 10.1016/j.labeco.2009.08.006 10.1257/app.2.1.149 10.2307/2297616 10.1287/mnsc.1110.1328 10.1016/j.jebo.2017.01.009 10.1016/j.joep.2018.11.005 10.1016/j.econlet.2010.11.015 10.1016/j.joep.2020.102269 10.1111/jems.12243 10.1016/j.jebo.2011.10.007 10.1016/S0167-4870(02)00083-1 10.1016/j.jebo.2019.04.015 10.1002/soej.12182 10.1162/REST_a_00021 10.1016/j.ijindorg.2012.11.006 10.1007/s00199-010-0547-9 10.1257/089533005775196732 10.1016/j.euroecorev.2010.02.006 10.1007/s10683-006-9159-4 |
| ContentType | Journal Article |
| Copyright | 2023 Elsevier Inc. |
| Copyright_xml | – notice: 2023 Elsevier Inc. |
| DBID | AAYXX CITATION |
| DOI | 10.1016/j.geb.2023.05.011 |
| DatabaseName | CrossRef |
| DatabaseTitle | CrossRef |
| DatabaseTitleList | |
| DeliveryMethod | fulltext_linktorsrc |
| Discipline | Psychology Mathematics |
| EISSN | 1090-2473 |
| EndPage | 51 |
| ExternalDocumentID | 10_1016_j_geb_2023_05_011 S0899825623000751 |
| GroupedDBID | --K --M -DZ -~X .~1 0R~ 1B1 1RT 1~. 1~5 29H 4.4 457 4G. 5GY 5VS 63O 7-5 71M 8P~ 9JO AABCJ AACTN AAEDT AAEDW AAFFL AAIAV AAIKJ AAKOC AALRI AAOAW AAPFB AAQFI AAQXK AAXUO ABFNM ABIVO ABJNI ABLJU ABMAC ABXDB ACDAQ ACGFS ACHQT ACRLP ACROA ADBBV ADEZE ADFGL ADFHU ADIYS ADMUD AEBSH AEKER AEYQN AFFNX AFKWA AFODL AFTJW AGHFR AGTHC AGUBO AGYEJ AHHHB AIEXJ AIIAU AIKHN AITUG AJOXV AJWLA AKRWK ALMA_UNASSIGNED_HOLDINGS AMFUW AMRAJ ASPBG AVWKF AXJTR AXLSJ AZFZN BEHZQ BEZPJ BGSCR BKOJK BLXMC BNTGB BPUDD BULVW BZJEE CAG COF CS3 DM4 DU5 EBS EFBJH EJD EO8 EO9 EP2 EP3 F5P FDB FEDTE FGOYB FIRID FNPLU FYGXN G-2 G-Q GBLVA HMB HVGLF HZ~ IHE J1W KOM LG5 LY4 M41 MO0 MVM N9A O-L O9- OAUVE OZT P-8 P-9 P2P PC. PQQKQ Q38 R2- RIG ROL RPZ SDF SDG SDP SEB SEE SES SEW SPCBC SSB SSF SSZ T5K TN5 UQL WUQ XPP XSW ZA5 ZMT ~G- AATTM AAXKI AAYWO AAYXX ABWVN ACLOT ACRPL ACVFH ADCNI ADMHG ADNMO AEIPS AEUPX AFJKZ AFPUW AGQPQ AIGII AIIUN AKBMS AKYEP ANKPU APXCP CITATION EFKBS EFLBG ~HD |
| ID | FETCH-LOGICAL-c362t-dc52baafda485594b8d22bab75ac270dc5ece7920f552ac1852743dcd3060b43 |
| IEDL.DBID | .~1 |
| ISSN | 0899-8256 |
| IngestDate | Thu Apr 24 23:10:39 EDT 2025 Wed Oct 01 01:45:20 EDT 2025 Tue Jun 18 08:52:27 EDT 2024 |
| IsPeerReviewed | true |
| IsScholarly | true |
| Keywords | Intensity Experiment Strategic momentum Z20 C91 All-pay auction Sequential round-robin tournament D72 Fairness C72 |
| Language | English |
| LinkModel | DirectLink |
| MergedId | FETCHMERGED-LOGICAL-c362t-dc52baafda485594b8d22bab75ac270dc5ece7920f552ac1852743dcd3060b43 |
| ORCID | 0000-0002-6528-6551 |
| PageCount | 22 |
| ParticipantIDs | crossref_primary_10_1016_j_geb_2023_05_011 crossref_citationtrail_10_1016_j_geb_2023_05_011 elsevier_sciencedirect_doi_10_1016_j_geb_2023_05_011 |
| ProviderPackageCode | CITATION AAYXX |
| PublicationCentury | 2000 |
| PublicationDate | 2023-09-01 |
| PublicationDateYYYYMMDD | 2023-09-01 |
| PublicationDate_xml | – month: 09 year: 2023 text: 2023-09-01 day: 01 |
| PublicationDecade | 2020 |
| PublicationTitle | Games and economic behavior |
| PublicationYear | 2023 |
| Publisher | Elsevier Inc |
| Publisher_xml | – name: Elsevier Inc |
| References | Cohen-Zada, Krumer, Shtudiner (br0100) 2017; 135 Ferrall, Smith (br0200) 1999; 81 Sahm (br0520) 2019; 21 Greiner (br0300) 2015; 1 Malueg, Yates (br0460) 2010; 92 Lim, Ahearne, Ham (br0400) 2009; 46 Sheremeta (br0560) 2011; 49 Krumer, Megidish, Sela (br0360) 2017; 48 Gilovich, Vallone, Tversky (br0280) 1985; 17 Gauriot, Page (br0240) 2018; 149 Mago, Sheremeta (br0430) 2017; 84 Dagaev, Zubanov (br0110) 2017 Baye, Kovenock, de Vries (br0010) 1996; 8 Sela, Tsahi (br0540) 2020; 55 Laica, Lauber, Sahm (br0390) 2021; 129 Rosen (br0510) 1986; 76 Oechssler, Roider, Schmitz (br0500) 2009; 72 Fehr, Huck (br0170) 2016; 19 Mago, Sheremeta (br0440) 2019; 22 Davis, Reilly (br0120) 1998; 95 Konrad (br0340) 2009 Gelder, Kovenock (br0270) 2017; 104 Morgulev, Azar, Bar-Eli (br0480) 2019; 75 Clark, Nilssen (br0080) 2018; 110 Mago, Sheremeta, Yates (br0450) 2013; 31 Sheremeta (br0550) 2010; 68 Meier, Flepp, Ruedisser, Franck (br0470) 2020; 78 Krumer, A., Megidish, R., Sela, A., 2020b. Strategic manipulations in round-robin tournaments. Mimeo. Gneezy, Smorodinsky (br0290) 2006; 61 Lugovskyy, Puzzello, Tucker (br0410) 2010; 54 Gelder (br0260) 2014; 87 Hoppe, Kusterer (br0330) 2011; 110 Müller, Schotter (br0490) 2010; 8 Sheremeta (br0580) 2018 Caglayan, Karagözoglu, Keskin, Saglam (br0040) 2020 Chan, Courty, Hao (br0060) 2009; 119 Frederick (br0220) 2005; 19 Chowdhury, Esteve-González, Mukherjee (br0070) 2020 Deck, Sheremeta (br0140) 2012; 56 Carpenter, Graham, Wolf (br0050) 2013; 80 Freeman, Gelber (br0230) 2010; 1 Gauriot, Page (br0250) 2019; 129 Harris, Vickers (br0310) 1985; 52 Fischbacher (br0210) 2007; 10 Sheremeta (br0570) 2013; 27 Clark, Nilssen (br0090) 2020; 69 Eriksson, Poulsen, Villeval (br0150) 2009; 16 Konrad, Kovenock (br0350) 2009; 66 Feng, Lu (br0190) 2018; 160 Holt, Laury (br0320) 2002; 92 Dechenaux, Kovenock, Sheremeta (br0130) 2015; 18 Faravelli, Stanca (br0160) 2012; 81 Sela (br0530) 2012; 51 Fehr, Schmid (br0180) 2018; 27 Breaban, Noussair, Popescu (br0030) 2020; 171 Berger, Pope (br0020) 2011; 57 Tong, Leung (br0600) 2002; 23 Krumer, Megidish, Sela (br0370) 2020; 23 Mago, Razzolini (br0420) 2019; 162 Sisak (br0590) 2009; 23 Eriksson (10.1016/j.geb.2023.05.011_br0150) 2009; 16 10.1016/j.geb.2023.05.011_br0380 Krumer (10.1016/j.geb.2023.05.011_br0370) 2020; 23 Baye (10.1016/j.geb.2023.05.011_br0010) 1996; 8 Lim (10.1016/j.geb.2023.05.011_br0400) 2009; 46 Sheremeta (10.1016/j.geb.2023.05.011_br0570) 2013; 27 Gilovich (10.1016/j.geb.2023.05.011_br0280) 1985; 17 Cohen-Zada (10.1016/j.geb.2023.05.011_br0100) 2017; 135 Tong (10.1016/j.geb.2023.05.011_br0600) 2002; 23 Clark (10.1016/j.geb.2023.05.011_br0080) 2018; 110 Oechssler (10.1016/j.geb.2023.05.011_br0500) 2009; 72 Berger (10.1016/j.geb.2023.05.011_br0020) 2011; 57 Fischbacher (10.1016/j.geb.2023.05.011_br0210) 2007; 10 Malueg (10.1016/j.geb.2023.05.011_br0460) 2010; 92 Meier (10.1016/j.geb.2023.05.011_br0470) 2020; 78 Konrad (10.1016/j.geb.2023.05.011_br0340) 2009 Mago (10.1016/j.geb.2023.05.011_br0430) 2017; 84 Chan (10.1016/j.geb.2023.05.011_br0060) 2009; 119 Gauriot (10.1016/j.geb.2023.05.011_br0240) 2018; 149 Feng (10.1016/j.geb.2023.05.011_br0190) 2018; 160 Gelder (10.1016/j.geb.2023.05.011_br0270) 2017; 104 Mago (10.1016/j.geb.2023.05.011_br0420) 2019; 162 Sela (10.1016/j.geb.2023.05.011_br0540) 2020; 55 Sisak (10.1016/j.geb.2023.05.011_br0590) 2009; 23 Fehr (10.1016/j.geb.2023.05.011_br0170) 2016; 19 Sheremeta (10.1016/j.geb.2023.05.011_br0580) 2018 Davis (10.1016/j.geb.2023.05.011_br0120) 1998; 95 Deck (10.1016/j.geb.2023.05.011_br0140) 2012; 56 Gauriot (10.1016/j.geb.2023.05.011_br0250) 2019; 129 Sheremeta (10.1016/j.geb.2023.05.011_br0550) 2010; 68 Sahm (10.1016/j.geb.2023.05.011_br0520) 2019; 21 Faravelli (10.1016/j.geb.2023.05.011_br0160) 2012; 81 Lugovskyy (10.1016/j.geb.2023.05.011_br0410) 2010; 54 Rosen (10.1016/j.geb.2023.05.011_br0510) 1986; 76 Dagaev (10.1016/j.geb.2023.05.011_br0110) 2017 Freeman (10.1016/j.geb.2023.05.011_br0230) 2010; 1 Caglayan (10.1016/j.geb.2023.05.011_br0040) 2020 Holt (10.1016/j.geb.2023.05.011_br0320) 2002; 92 Mago (10.1016/j.geb.2023.05.011_br0440) 2019; 22 Dechenaux (10.1016/j.geb.2023.05.011_br0130) 2015; 18 Krumer (10.1016/j.geb.2023.05.011_br0360) 2017; 48 Morgulev (10.1016/j.geb.2023.05.011_br0480) 2019; 75 Gneezy (10.1016/j.geb.2023.05.011_br0290) 2006; 61 Laica (10.1016/j.geb.2023.05.011_br0390) 2021; 129 Fehr (10.1016/j.geb.2023.05.011_br0180) 2018; 27 Frederick (10.1016/j.geb.2023.05.011_br0220) 2005; 19 Greiner (10.1016/j.geb.2023.05.011_br0300) 2015; 1 Chowdhury (10.1016/j.geb.2023.05.011_br0070) 2020 Gelder (10.1016/j.geb.2023.05.011_br0260) 2014; 87 Clark (10.1016/j.geb.2023.05.011_br0090) 2020; 69 Mago (10.1016/j.geb.2023.05.011_br0450) 2013; 31 Ferrall (10.1016/j.geb.2023.05.011_br0200) 1999; 81 Harris (10.1016/j.geb.2023.05.011_br0310) 1985; 52 Breaban (10.1016/j.geb.2023.05.011_br0030) 2020; 171 Konrad (10.1016/j.geb.2023.05.011_br0350) 2009; 66 Sheremeta (10.1016/j.geb.2023.05.011_br0560) 2011; 49 Carpenter (10.1016/j.geb.2023.05.011_br0050) 2013; 80 Hoppe (10.1016/j.geb.2023.05.011_br0330) 2011; 110 Müller (10.1016/j.geb.2023.05.011_br0490) 2010; 8 Sela (10.1016/j.geb.2023.05.011_br0530) 2012; 51 |
| References_xml | – volume: 110 start-page: 97 year: 2011 end-page: 100 ident: br0330 article-title: Behavioral biases and cognitive reflection publication-title: Econ. Lett. – volume: 48 start-page: 633 year: 2017 end-page: 658 ident: br0360 article-title: First-mover advantage in round-robin tournaments publication-title: Soc. Choice Welf. – volume: 51 start-page: 383 year: 2012 end-page: 395 ident: br0530 article-title: Sequential two-prize contests publication-title: Econ. Theory – volume: 8 start-page: 291 year: 1996 end-page: 305 ident: br0010 article-title: The all-pay auction with complete information publication-title: Econ. Theory – volume: 135 start-page: 66 year: 2017 end-page: 81 ident: br0100 article-title: Psychological momentum and gender publication-title: J. Econ. Behav. Organ. – volume: 16 start-page: 679 year: 2009 end-page: 688 ident: br0150 article-title: Feedback and incentives: experimental evidence publication-title: Labour Econ. – volume: 76 start-page: 701 year: 1986 end-page: 715 ident: br0510 article-title: Prizes and incentives in elimination tournaments publication-title: Am. Econ. Rev. – volume: 19 start-page: 713 year: 2016 end-page: 726 ident: br0170 article-title: Who knows it is a game? On strategic awareness and cognitive ability publication-title: Exp. Econ. – volume: 87 start-page: 442 year: 2014 end-page: 466 ident: br0260 article-title: From custer to thermopylae: last stand behavior in multi-stage contests publication-title: Games Econ. Behav. – volume: 27 start-page: 327 year: 2018 end-page: 339 ident: br0180 article-title: Exclusion in all-pay auctions: an experimental investigation publication-title: J. Econ. Manag. Strategy – volume: 49 start-page: 573 year: 2011 end-page: 590 ident: br0560 article-title: Contest design: an experimental investigation publication-title: Econ. Inq. – year: 2018 ident: br0580 article-title: Impulsive behavior in competition: testing theories of overbidding in rent-seeking contests – volume: 56 start-page: 1069 year: 2012 end-page: 1088 ident: br0140 article-title: Fight or flight? Defending against sequential attacks in the game of siege publication-title: J. Confl. Resolut. – volume: 23 start-page: 379 year: 2020 end-page: 396 ident: br0370 article-title: The optimal design of round-robin tournaments with three players publication-title: J. Sched. – volume: 110 start-page: 258 year: 2018 end-page: 272 ident: br0080 article-title: Keep on fighting: the dynamics of head starts in all-pay auctions publication-title: Games Econ. Behav. – volume: 68 start-page: 731 year: 2010 end-page: 747 ident: br0550 article-title: Experimental comparison of multi-stage and one-stage contests publication-title: Games Econ. Behav. – volume: 10 start-page: 171 year: 2007 end-page: 178 ident: br0210 article-title: z-tree: Zurich toolbox for ready-made economic experiments publication-title: Exp. Econ. – volume: 66 start-page: 256 year: 2009 end-page: 274 ident: br0350 article-title: Multi-battle contests publication-title: Games Econ. Behav. – volume: 23 start-page: 399 year: 2002 end-page: 420 ident: br0600 article-title: Tournament as a motivational strategy: extension to dynamic situations with uncertain duration publication-title: J. Econ. Psychol. – volume: 78 year: 2020 ident: br0470 article-title: Separating psychological momentum from strategic momentum: evidence from men's professional tennis publication-title: J. Econ. Psychol. – volume: 119 start-page: 24 year: 2009 end-page: 46 ident: br0060 article-title: Suspense: dynamic incentives in sports contests publication-title: Econ. J. – volume: 92 start-page: 1644 year: 2002 end-page: 1655 ident: br0320 article-title: Risk aversion and incentive effects publication-title: Am. Econ. Rev. – volume: 129 start-page: 3107 year: 2019 end-page: 3136 ident: br0250 article-title: Does success breed success? A quasi-experiment on strategic momentum in dynamic contests publication-title: Econ. J. – reference: Krumer, A., Megidish, R., Sela, A., 2020b. Strategic manipulations in round-robin tournaments. Mimeo. – volume: 21 start-page: 44 year: 2019 end-page: 61 ident: br0520 article-title: Are sequential round-robin tournaments discriminatory? publication-title: J. Public Econ. Theory – volume: 23 start-page: 82 year: 2009 end-page: 114 ident: br0590 article-title: Multiple-prize contests: the optimal allocation of prizes publication-title: J. Econ. Surv. – year: 2009 ident: br0340 article-title: Strategy and Dynamics in Contests – year: 2020 ident: br0070 article-title: Heterogeneity, Leveling the Playing Field, and Affirmative Action in Contests – volume: 80 start-page: 115 year: 2013 end-page: 130 ident: br0050 article-title: Cognitive ability and strategic sophistication publication-title: Games Econ. Behav. – volume: 1 start-page: 114 year: 2015 end-page: 125 ident: br0300 article-title: Subject pool recruitment procedures: organizing experiments with orsee publication-title: J. Econ. Sci. Assoc. – volume: 17 start-page: 295 year: 1985 end-page: 314 ident: br0280 article-title: The hot hand in basketball: on the misperception of random sequences publication-title: Cogn. Psychol. – volume: 104 start-page: 444 year: 2017 end-page: 455 ident: br0270 article-title: Dynamic behavior and player types in majoritarian multi-battle contests publication-title: Games Econ. Behav. – volume: 52 start-page: 193 year: 1985 end-page: 209 ident: br0310 article-title: Perfect equilibrium in a model of a race publication-title: Rev. Econ. Stud. – volume: 160 start-page: 82 year: 2018 end-page: 95 ident: br0190 article-title: How to split the pie: optimal rewards in dynamic multi-battle competitions publication-title: J. Public Econ. – volume: 171 start-page: 391 year: 2020 end-page: 405 ident: br0030 article-title: Contests with money and time: experimental evidence on overbidding in all-pay auctions publication-title: J. Econ. Behav. Organ. – volume: 84 start-page: 407 year: 2017 end-page: 425 ident: br0430 article-title: Multi-battle contests: an experimental study publication-title: South. Econ. J. – volume: 55 start-page: 255 year: 2020 end-page: 273 ident: br0540 article-title: On the optimal allocation of prizes in best-of-three all-pay auctions publication-title: Soc. Choice Welf. – volume: 149 start-page: 137 year: 2018 end-page: 168 ident: br0240 article-title: Psychological momentum in contests: the case of scoring before half-time in football publication-title: J. Econ. Behav. Organ. – volume: 81 start-page: 704 year: 1999 end-page: 719 ident: br0200 article-title: A sequential game model of sports championship series: theory and estimation publication-title: Rev. Econ. Stat. – volume: 1 start-page: 149 year: 2010 end-page: 164 ident: br0230 article-title: Prize structure and information in tournaments: experimental evidence publication-title: Am. Econ. J. Appl. Econ. – volume: 8 start-page: 717 year: 2010 end-page: 743 ident: br0490 article-title: Workaholics and dropouts in organizations publication-title: J. Eur. Econ. Assoc. – volume: 54 start-page: 974 year: 2010 end-page: 997 ident: br0410 article-title: An experimental investigation of overdissipation in the all pay auction publication-title: Eur. Econ. Rev. – volume: 31 start-page: 287 year: 2013 end-page: 296 ident: br0450 article-title: Best-of-three contest experiments: strategic versus psychological momentum publication-title: Int. J. Ind. Organ. – volume: 61 start-page: 255 year: 2006 end-page: 275 ident: br0290 article-title: All-pay auctions – an experimental study publication-title: J. Econ. Behav. Organ. – volume: 92 start-page: 689 year: 2010 end-page: 692 ident: br0460 article-title: Testing contest theory: evidence from best-of-three tennis matches publication-title: Rev. Econ. Stat. – volume: 57 start-page: 817 year: 2011 end-page: 827 ident: br0020 article-title: Can losing lead to winning? publication-title: Manag. Sci. – volume: 27 year: 2013 ident: br0570 article-title: Overbidding and heterogeneous behavior in contest experiments publication-title: J. Econ. Surv. – year: 2020 ident: br0040 article-title: Effort comparisons for a class of four-player tournaments – volume: 95 start-page: 89 year: 1998 end-page: 115 ident: br0120 article-title: Do too many cooks always spoil the stew? An experimental analysis of rent-seeking and the role of a strategic buyer publication-title: Public Choice – volume: 22 start-page: 325 year: 2019 end-page: 349 ident: br0440 article-title: New Hampshire effect: behavior in sequential and simultaneous multi-battle contests publication-title: Exp. Econ. – volume: 18 start-page: 609 year: 2015 end-page: 669 ident: br0130 article-title: A survey of experimental research on contests, all-pay auctions and tournaments publication-title: Exp. Econ. – volume: 75 year: 2019 ident: br0480 article-title: Does a “comeback” create momentum in overtime? Analysis of nba tied games publication-title: J. Econ. Psychol. – volume: 72 start-page: 147 year: 2009 end-page: 152 ident: br0500 article-title: Cognitive abilities and behavioral biases publication-title: J. Econ. Behav. Organ. – volume: 162 start-page: 164 year: 2019 end-page: 187 ident: br0420 article-title: Best-of-five contest: an experiment on gender differences publication-title: J. Econ. Behav. Organ. – volume: 19 start-page: 25 year: 2005 end-page: 42 ident: br0220 article-title: Cognitive reflection and decision making publication-title: J. Econ. Perspect. – year: 2017 ident: br0110 article-title: Round-robin tournaments with limited resources – volume: 81 start-page: 677 year: 2012 end-page: 688 ident: br0160 article-title: Single versus multiple-prize all-pay auctions to finance public goods: an experimental analysis publication-title: J. Econ. Behav. Organ. – volume: 69 year: 2020 ident: br0090 article-title: Creating balance in dynamic competitions publication-title: Int. J. Ind. Organ. – volume: 129 start-page: 421 year: 2021 end-page: 448 ident: br0390 article-title: Sequential round-robin tournaments with multiple prizes publication-title: Games Econ. Behav. – volume: 46 start-page: 356 year: 2009 end-page: 371 ident: br0400 article-title: Designing sales contests: does the prize structure matter? publication-title: J. Mark. Res. – volume: 8 start-page: 717 issue: 4 year: 2010 ident: 10.1016/j.geb.2023.05.011_br0490 article-title: Workaholics and dropouts in organizations publication-title: J. Eur. Econ. Assoc. doi: 10.1111/j.1542-4774.2010.tb00538.x – volume: 66 start-page: 256 issue: 1 year: 2009 ident: 10.1016/j.geb.2023.05.011_br0350 article-title: Multi-battle contests publication-title: Games Econ. Behav. doi: 10.1016/j.geb.2008.05.002 – volume: 72 start-page: 147 year: 2009 ident: 10.1016/j.geb.2023.05.011_br0500 article-title: Cognitive abilities and behavioral biases publication-title: J. Econ. Behav. Organ. doi: 10.1016/j.jebo.2009.04.018 – volume: 80 start-page: 115 year: 2013 ident: 10.1016/j.geb.2023.05.011_br0050 article-title: Cognitive ability and strategic sophistication publication-title: Games Econ. Behav. doi: 10.1016/j.geb.2013.02.012 – volume: 56 start-page: 1069 year: 2012 ident: 10.1016/j.geb.2023.05.011_br0140 article-title: Fight or flight? Defending against sequential attacks in the game of siege publication-title: J. Confl. Resolut. doi: 10.1177/0022002712438355 – volume: 149 start-page: 137 year: 2018 ident: 10.1016/j.geb.2023.05.011_br0240 article-title: Psychological momentum in contests: the case of scoring before half-time in football publication-title: J. Econ. Behav. Organ. doi: 10.1016/j.jebo.2018.02.015 – volume: 129 start-page: 3107 issue: 624 year: 2019 ident: 10.1016/j.geb.2023.05.011_br0250 article-title: Does success breed success? A quasi-experiment on strategic momentum in dynamic contests publication-title: Econ. J. doi: 10.1093/ej/uez040 – volume: 17 start-page: 295 issue: 3 year: 1985 ident: 10.1016/j.geb.2023.05.011_br0280 article-title: The hot hand in basketball: on the misperception of random sequences publication-title: Cogn. Psychol. doi: 10.1016/0010-0285(85)90010-6 – volume: 69 year: 2020 ident: 10.1016/j.geb.2023.05.011_br0090 article-title: Creating balance in dynamic competitions publication-title: Int. J. Ind. Organ. doi: 10.1016/j.ijindorg.2019.102578 – volume: 49 start-page: 573 issue: 2 year: 2011 ident: 10.1016/j.geb.2023.05.011_br0560 article-title: Contest design: an experimental investigation publication-title: Econ. Inq. doi: 10.1111/j.1465-7295.2009.00274.x – volume: 81 start-page: 704 issue: 4 year: 1999 ident: 10.1016/j.geb.2023.05.011_br0200 article-title: A sequential game model of sports championship series: theory and estimation publication-title: Rev. Econ. Stat. doi: 10.1162/003465399558427 – volume: 110 start-page: 258 year: 2018 ident: 10.1016/j.geb.2023.05.011_br0080 article-title: Keep on fighting: the dynamics of head starts in all-pay auctions publication-title: Games Econ. Behav. doi: 10.1016/j.geb.2018.05.005 – volume: 23 start-page: 82 issue: 1 year: 2009 ident: 10.1016/j.geb.2023.05.011_br0590 article-title: Multiple-prize contests: the optimal allocation of prizes publication-title: J. Econ. Surv. doi: 10.1111/j.1467-6419.2008.00557.x – volume: 104 start-page: 444 year: 2017 ident: 10.1016/j.geb.2023.05.011_br0270 article-title: Dynamic behavior and player types in majoritarian multi-battle contests publication-title: Games Econ. Behav. doi: 10.1016/j.geb.2017.05.008 – volume: 27 issue: 3 year: 2013 ident: 10.1016/j.geb.2023.05.011_br0570 article-title: Overbidding and heterogeneous behavior in contest experiments publication-title: J. Econ. Surv. doi: 10.1111/joes.12022 – volume: 1 start-page: 114 issue: 1 year: 2015 ident: 10.1016/j.geb.2023.05.011_br0300 article-title: Subject pool recruitment procedures: organizing experiments with orsee publication-title: J. Econ. Sci. Assoc. doi: 10.1007/s40881-015-0004-4 – ident: 10.1016/j.geb.2023.05.011_br0380 – volume: 22 start-page: 325 issue: 2 year: 2019 ident: 10.1016/j.geb.2023.05.011_br0440 article-title: New Hampshire effect: behavior in sequential and simultaneous multi-battle contests publication-title: Exp. Econ. doi: 10.1007/s10683-018-9569-0 – volume: 23 start-page: 379 year: 2020 ident: 10.1016/j.geb.2023.05.011_br0370 article-title: The optimal design of round-robin tournaments with three players publication-title: J. Sched. doi: 10.1007/s10951-019-00624-8 – volume: 21 start-page: 44 issue: 1 year: 2019 ident: 10.1016/j.geb.2023.05.011_br0520 article-title: Are sequential round-robin tournaments discriminatory? publication-title: J. Public Econ. Theory doi: 10.1111/jpet.12308 – volume: 160 start-page: 82 year: 2018 ident: 10.1016/j.geb.2023.05.011_br0190 article-title: How to split the pie: optimal rewards in dynamic multi-battle competitions publication-title: J. Public Econ. doi: 10.1016/j.jpubeco.2018.03.003 – year: 2009 ident: 10.1016/j.geb.2023.05.011_br0340 – volume: 48 start-page: 633 issue: 3 year: 2017 ident: 10.1016/j.geb.2023.05.011_br0360 article-title: First-mover advantage in round-robin tournaments publication-title: Soc. Choice Welf. doi: 10.1007/s00355-017-1027-y – volume: 61 start-page: 255 year: 2006 ident: 10.1016/j.geb.2023.05.011_br0290 article-title: All-pay auctions – an experimental study publication-title: J. Econ. Behav. Organ. doi: 10.1016/j.jebo.2004.09.013 – year: 2020 ident: 10.1016/j.geb.2023.05.011_br0070 – volume: 19 start-page: 713 year: 2016 ident: 10.1016/j.geb.2023.05.011_br0170 article-title: Who knows it is a game? On strategic awareness and cognitive ability publication-title: Exp. Econ. doi: 10.1007/s10683-015-9461-0 – volume: 119 start-page: 24 year: 2009 ident: 10.1016/j.geb.2023.05.011_br0060 article-title: Suspense: dynamic incentives in sports contests publication-title: Econ. J. doi: 10.1111/j.1468-0297.2008.02204.x – volume: 46 start-page: 356 issue: 3 year: 2009 ident: 10.1016/j.geb.2023.05.011_br0400 article-title: Designing sales contests: does the prize structure matter? publication-title: J. Mark. Res. doi: 10.1509/jmkr.46.3.356 – volume: 18 start-page: 609 year: 2015 ident: 10.1016/j.geb.2023.05.011_br0130 article-title: A survey of experimental research on contests, all-pay auctions and tournaments publication-title: Exp. Econ. doi: 10.1007/s10683-014-9421-0 – volume: 55 start-page: 255 issue: 2 year: 2020 ident: 10.1016/j.geb.2023.05.011_br0540 article-title: On the optimal allocation of prizes in best-of-three all-pay auctions publication-title: Soc. Choice Welf. doi: 10.1007/s00355-020-01239-1 – volume: 68 start-page: 731 year: 2010 ident: 10.1016/j.geb.2023.05.011_br0550 article-title: Experimental comparison of multi-stage and one-stage contests publication-title: Games Econ. Behav. doi: 10.1016/j.geb.2009.08.001 – volume: 171 start-page: 391 year: 2020 ident: 10.1016/j.geb.2023.05.011_br0030 article-title: Contests with money and time: experimental evidence on overbidding in all-pay auctions publication-title: J. Econ. Behav. Organ. doi: 10.1016/j.jebo.2020.01.005 – volume: 129 start-page: 421 year: 2021 ident: 10.1016/j.geb.2023.05.011_br0390 article-title: Sequential round-robin tournaments with multiple prizes publication-title: Games Econ. Behav. doi: 10.1016/j.geb.2021.06.012 – volume: 95 start-page: 89 year: 1998 ident: 10.1016/j.geb.2023.05.011_br0120 article-title: Do too many cooks always spoil the stew? An experimental analysis of rent-seeking and the role of a strategic buyer publication-title: Public Choice doi: 10.1023/A:1004916624881 – volume: 8 start-page: 291 issue: 2 year: 1996 ident: 10.1016/j.geb.2023.05.011_br0010 article-title: The all-pay auction with complete information publication-title: Econ. Theory doi: 10.1007/BF01211819 – volume: 87 start-page: 442 year: 2014 ident: 10.1016/j.geb.2023.05.011_br0260 article-title: From custer to thermopylae: last stand behavior in multi-stage contests publication-title: Games Econ. Behav. doi: 10.1016/j.geb.2014.06.003 – volume: 92 start-page: 1644 issue: 5 year: 2002 ident: 10.1016/j.geb.2023.05.011_br0320 article-title: Risk aversion and incentive effects publication-title: Am. Econ. Rev. doi: 10.1257/000282802762024700 – volume: 16 start-page: 679 issue: 6 year: 2009 ident: 10.1016/j.geb.2023.05.011_br0150 article-title: Feedback and incentives: experimental evidence publication-title: Labour Econ. doi: 10.1016/j.labeco.2009.08.006 – volume: 1 start-page: 149 issue: 2 year: 2010 ident: 10.1016/j.geb.2023.05.011_br0230 article-title: Prize structure and information in tournaments: experimental evidence publication-title: Am. Econ. J. Appl. Econ. doi: 10.1257/app.2.1.149 – volume: 52 start-page: 193 issue: 2 year: 1985 ident: 10.1016/j.geb.2023.05.011_br0310 article-title: Perfect equilibrium in a model of a race publication-title: Rev. Econ. Stud. doi: 10.2307/2297616 – volume: 57 start-page: 817 issue: 5 year: 2011 ident: 10.1016/j.geb.2023.05.011_br0020 article-title: Can losing lead to winning? publication-title: Manag. Sci. doi: 10.1287/mnsc.1110.1328 – volume: 135 start-page: 66 year: 2017 ident: 10.1016/j.geb.2023.05.011_br0100 article-title: Psychological momentum and gender publication-title: J. Econ. Behav. Organ. doi: 10.1016/j.jebo.2017.01.009 – volume: 75 year: 2019 ident: 10.1016/j.geb.2023.05.011_br0480 article-title: Does a “comeback” create momentum in overtime? Analysis of nba tied games publication-title: J. Econ. Psychol. doi: 10.1016/j.joep.2018.11.005 – year: 2017 ident: 10.1016/j.geb.2023.05.011_br0110 – volume: 110 start-page: 97 year: 2011 ident: 10.1016/j.geb.2023.05.011_br0330 article-title: Behavioral biases and cognitive reflection publication-title: Econ. Lett. doi: 10.1016/j.econlet.2010.11.015 – volume: 78 year: 2020 ident: 10.1016/j.geb.2023.05.011_br0470 article-title: Separating psychological momentum from strategic momentum: evidence from men's professional tennis publication-title: J. Econ. Psychol. doi: 10.1016/j.joep.2020.102269 – volume: 27 start-page: 327 year: 2018 ident: 10.1016/j.geb.2023.05.011_br0180 article-title: Exclusion in all-pay auctions: an experimental investigation publication-title: J. Econ. Manag. Strategy doi: 10.1111/jems.12243 – volume: 76 start-page: 701 issue: 4 year: 1986 ident: 10.1016/j.geb.2023.05.011_br0510 article-title: Prizes and incentives in elimination tournaments publication-title: Am. Econ. Rev. – volume: 81 start-page: 677 year: 2012 ident: 10.1016/j.geb.2023.05.011_br0160 article-title: Single versus multiple-prize all-pay auctions to finance public goods: an experimental analysis publication-title: J. Econ. Behav. Organ. doi: 10.1016/j.jebo.2011.10.007 – volume: 23 start-page: 399 issue: 3 year: 2002 ident: 10.1016/j.geb.2023.05.011_br0600 article-title: Tournament as a motivational strategy: extension to dynamic situations with uncertain duration publication-title: J. Econ. Psychol. doi: 10.1016/S0167-4870(02)00083-1 – volume: 162 start-page: 164 year: 2019 ident: 10.1016/j.geb.2023.05.011_br0420 article-title: Best-of-five contest: an experiment on gender differences publication-title: J. Econ. Behav. Organ. doi: 10.1016/j.jebo.2019.04.015 – volume: 84 start-page: 407 issue: 2 year: 2017 ident: 10.1016/j.geb.2023.05.011_br0430 article-title: Multi-battle contests: an experimental study publication-title: South. Econ. J. doi: 10.1002/soej.12182 – volume: 92 start-page: 689 issue: 3 year: 2010 ident: 10.1016/j.geb.2023.05.011_br0460 article-title: Testing contest theory: evidence from best-of-three tennis matches publication-title: Rev. Econ. Stat. doi: 10.1162/REST_a_00021 – volume: 31 start-page: 287 issue: 3 year: 2013 ident: 10.1016/j.geb.2023.05.011_br0450 article-title: Best-of-three contest experiments: strategic versus psychological momentum publication-title: Int. J. Ind. Organ. doi: 10.1016/j.ijindorg.2012.11.006 – volume: 51 start-page: 383 issue: 2 year: 2012 ident: 10.1016/j.geb.2023.05.011_br0530 article-title: Sequential two-prize contests publication-title: Econ. Theory doi: 10.1007/s00199-010-0547-9 – year: 2018 ident: 10.1016/j.geb.2023.05.011_br0580 – volume: 19 start-page: 25 issue: 4 year: 2005 ident: 10.1016/j.geb.2023.05.011_br0220 article-title: Cognitive reflection and decision making publication-title: J. Econ. Perspect. doi: 10.1257/089533005775196732 – volume: 54 start-page: 974 year: 2010 ident: 10.1016/j.geb.2023.05.011_br0410 article-title: An experimental investigation of overdissipation in the all pay auction publication-title: Eur. Econ. Rev. doi: 10.1016/j.euroecorev.2010.02.006 – year: 2020 ident: 10.1016/j.geb.2023.05.011_br0040 – volume: 10 start-page: 171 issue: 2 year: 2007 ident: 10.1016/j.geb.2023.05.011_br0210 article-title: z-tree: Zurich toolbox for ready-made economic experiments publication-title: Exp. Econ. doi: 10.1007/s10683-006-9159-4 |
| SSID | ssj0005270 |
| Score | 2.3818662 |
| Snippet | We experimentally investigate how the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three... |
| SourceID | crossref elsevier |
| SourceType | Enrichment Source Index Database Publisher |
| StartPage | 30 |
| SubjectTerms | All-pay auction Experiment Fairness Intensity Sequential round-robin tournament Strategic momentum |
| Title | Optimal and fair prizing in sequential round-robin tournaments: Experimental evidence |
| URI | https://dx.doi.org/10.1016/j.geb.2023.05.011 |
| Volume | 141 |
| hasFullText | 1 |
| inHoldings | 1 |
| isFullTextHit | |
| isPrint | |
| journalDatabaseRights | – providerCode: PRVESC databaseName: Baden-Württemberg Complete Freedom Collection (Elsevier) customDbUrl: eissn: 1090-2473 dateEnd: 99991231 omitProxy: true ssIdentifier: ssj0005270 issn: 0899-8256 databaseCode: GBLVA dateStart: 20110101 isFulltext: true titleUrlDefault: https://www.sciencedirect.com providerName: Elsevier – providerCode: PRVESC databaseName: Elsevier SD Complete Freedom Collection (subscription) customDbUrl: eissn: 1090-2473 dateEnd: 99991231 omitProxy: true ssIdentifier: ssj0005270 issn: 0899-8256 databaseCode: ACRLP dateStart: 19950101 isFulltext: true titleUrlDefault: https://www.sciencedirect.com providerName: Elsevier – providerCode: PRVESC databaseName: ScienceDirect Freedom Collection 2013 customDbUrl: eissn: 1090-2473 dateEnd: 99991231 omitProxy: true ssIdentifier: ssj0005270 issn: 0899-8256 databaseCode: .~1 dateStart: 19950101 isFulltext: true titleUrlDefault: https://www.sciencedirect.com providerName: Elsevier – providerCode: PRVESC databaseName: ScienceDirect Journal Collection customDbUrl: eissn: 1090-2473 dateEnd: 99991231 omitProxy: true ssIdentifier: ssj0005270 issn: 0899-8256 databaseCode: AIKHN dateStart: 19950101 isFulltext: true titleUrlDefault: https://www.sciencedirect.com providerName: Elsevier – providerCode: PRVLSH databaseName: Elsevier Journals customDbUrl: mediaType: online eissn: 1090-2473 dateEnd: 99991231 omitProxy: true ssIdentifier: ssj0005270 issn: 0899-8256 databaseCode: AKRWK dateStart: 19890301 isFulltext: true providerName: Library Specific Holdings |
| link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV3NT8IwFG8IXvBgFDXiB-nBk8mgq-0Y3giBoARMFCK3pl-YGZwE50EP_u2-7oNgoh48Lev6suWtfR_p7_0eQuctxgwEBsojWoUe44p7YQCBHDeUKN83sAldvfNoHAym7GbGZyXULWphHKwyt_2ZTU-tdT7SzLXZXEZR894dWEF-A_47dXxpBTsLHKyv8bkJ80gbxrnJnptdnGymGK9Hqxquf3hG3un_7Js2_E1_F-3kgSLuZN-yh0o2rqLt0Zpl9bWKKmvr9b6Pprew-Z9BQsYGu1MavFxFH-CYcBTjDDANm3mBV66PkufYl2KcpC9Ji9yucG-D6x_bvNnoAZr0e5PuwMt7JngaXFHiGc2pknJupGN9aTMVGgoDqsWlBk3AY6ttq03JnHMqtSudhhjCaAOpA1Hs8hCV45fYHiFsfV-FtM2VpIZR40vfBJTocG5ICDmIrCFSKEvonE_ctbVYiAI49iRAv8LpVxAuQL81dLEWWWZkGn9NZsUfEN9WhABj_7vY8f_ETlDF3WXosVNUTlZv9gzCjUTV0_VUR1ud6-Fg7K7Du4fhF3SC1dc |
| linkProvider | Elsevier |
| linkToHtml | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV1LTwIxEJ4QOIgHo6gRnz14MlnZrS0s3giBrPLwICTcmj4WswZXgutBf73TfRBM1IPXtpPdTDuvzMw3AJctxgw6BspxtfIdxhV3_CY6ctxQV3meQSG0_c6jcTOYsvsZn5WgW_TC2LLKXPdnOj3V1vlKI-dmYxlFjUebsML4Bu13avgwBKowjjq5DJXO3SAYb1R6pDPj7HnHEhTJzbTM6ylU13aEeIbf6f1snjZMTn8XdnJfkXSy39mDUhjXYHu0Blp9q0F1rcA-9mH6gPL_ghQyNsQmashyFX2ibSJRTLKaaZTnBVnZUUqOBWCKSZJ-JO1zuyW9Dbh_EubzRg9g0u9NuoGTj01wNFqjxDGaUyXl3EgL_NJmyjcUF1SLS42cwO1Qh602deecU6lt9zS6EUYbjB5cxW4OoRy_xuERkNDzlE_bXElqGDWe9EyTutqfG9fHMETWwS2YJXQOKW4nWyxEUTv2LJC_wvJXuFwgf-twtSZZZngafx1mxQ2Ib49CoL7_nez4f2QXsBVMRkMxvBsPTqBqd7JislMoJ6v38Ay9j0Sd56_rCxII1t8 |
| openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Optimal+and+fair+prizing+in+sequential+round-robin+tournaments%3A+Experimental+evidence&rft.jtitle=Games+and+economic+behavior&rft.au=Lauber%2C+Arne&rft.au=March%2C+Christoph&rft.au=Sahm%2C+Marco&rft.date=2023-09-01&rft.issn=0899-8256&rft.volume=141&rft.spage=30&rft.epage=51&rft_id=info:doi/10.1016%2Fj.geb.2023.05.011&rft.externalDBID=n%2Fa&rft.externalDocID=10_1016_j_geb_2023_05_011 |
| thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0899-8256&client=summon |
| thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0899-8256&client=summon |
| thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0899-8256&client=summon |