𝔖 Bobbio Scriptorium
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CONTEST DESIGN: AN EXPERIMENTAL INVESTIGATION

✍ Scribed by ROMAN M. SHEREMETA

Book ID
110929861
Publisher
Oxford University Press
Year
2011
Tongue
English
Weight
669 KB
Volume
49
Category
Article
ISSN
0095-2583

No coin nor oath required. For personal study only.

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Conflicts between favorites and underdogs are everyday phenomena. We examine their strategic behavior in an experimental contest, and find behavior partially consistent with predictions. Favorites given a first-mover advantage do overcommit effort relative to Nash. Underdogs often select the best re