Grind or gamble? An experiment on effort and spread seeking in contests

Ola Andersson, Håkan J. Holm, Erik Wengström

Forskningsoutput: TidskriftsbidragArtikelPeer review

Sammanfattning

We conduct a contest experiment to study if spread seeking and effort can be managed when participants can invest in increasing both the mean and the spread of an uncertain performance variable. Subjects are treated with different prize schemes and in accordance with theory, we observe higher investments in spread for the winner‐take‐all scheme. Both types of investments can be controlled with a three‐level prize scheme. However, the control management is imperfect and behavior is characterized by inertia. We also explore the correlation between effort and spread across subjects and find that is robustly positive.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftEconomic Inquiry
Volym58
Utgåva1
Sidor (från-till)169-183
ISSN0095-2583
DOI
StatusPublicerad - 01.2020
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

  • 511 Nationalekonomi

Styrkeområden och områden med hög potential (AoS och AoHP)

  • AoS: Konkurrensanalys och servicestrategi - Kvantitativt konsumentbeteende och konkurrensekonomi

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