Arbeitspapier
Prize and Risk-Taking Strategy in Tournaments : Evidence from Professional Poker Players
This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose the degree of risk taking depending on the incentives implied by the prize structure they face. I find that they are more sensitive to losses than to gains.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 1345
- Classification
-
Wirtschaft
- Subject
-
risk
tournament
poker
Risikopräferenz
Glücksspiel
Wettbewerb
Preis
Ökonomischer Anreiz
Experiment
- Event
-
Geistige Schöpfung
- (who)
-
Lee, Jungmin
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lee, Jungmin
- Institute for the Study of Labor (IZA)
Time of origin
- 2004
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