Abstract
We study contests where the strategic variable is the degree of risk taking rather than the amount of effort. The selection efficiency of such contests is examined. We show that the selection efficiency of a contest may be improved by limiting the competition in two ways; by having a small number of contestants, and by restricting contestant quality. (C) 2002 Elsevier Science (USA). All rights reserved.
Original language | English |
---|---|
Pages (from-to) | 172-179 |
Number of pages | 7 |
Journal | Games and Economic Behavior |
Volume | 42 |
Issue number | 42 |
DOIs | |
Publication status | Published - 2003 |
Keywords
- contest
- risk taking
- selection
- tournament
- TOURNAMENTS
- INCENTIVES