Psychological pressure and the right to determine the moves in dynamic tournaments - Evidence from a natural field experiment

Arbeitspapier

In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly paid professionals in soccer penalty shootouts and show that teams whose captains can decide about the shooting sequence are more likely to win the shootout. So, managerial decisions matter for outcomes of dynamic tournaments and we discuss potential reasons for this finding.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ECONtribute Discussion Paper ; No. 024

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Field Experiments ; Microeconomics: General ; Criteria for Decision-Making under Risk and Uncertainty ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Sports Economics: General
• Thema: Dynamic tournament ; sports professionals ; psychological pressure ; value of decision rights ; penalty shoot-outs ; behavioral economics

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kassis, Mark ; Schmidt, Sascha Leonard ; Schreyer, Dominik ; Sutter, Matthias
• Ereignis: Veröffentlichung
• (wer): University of Bonn and University of Cologne, Reinhard Selten Institute (RSI)
• (wo): Bonn and Cologne
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/225536
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ