An empirical investigation of individual and team contests

This thesis presents an empirical investigation of individual and team contests using both lab experiments and field data. The thesis is comprised of five chap- ters. Chapter 1 introduces the overarching theme of this thesis and the common methodological tool, which is a novel real effort task used...

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Main Author: Huang, Lingbo
Format: Thesis (University of Nottingham only)
Language:English
Published: 2016
Subjects:
Online Access:https://eprints.nottingham.ac.uk/31377/
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author Huang, Lingbo
author_facet Huang, Lingbo
author_sort Huang, Lingbo
building Nottingham Research Data Repository
collection Online Access
description This thesis presents an empirical investigation of individual and team contests using both lab experiments and field data. The thesis is comprised of five chap- ters. Chapter 1 introduces the overarching theme of this thesis and the common methodological tool, which is a novel real effort task used in the lab experiments. Chapter 2 discusses this real effort task in more detail and shows its usefulness in studying behavioural responses to incentives by presenting a series of experiments, including individual production with piece-rate incentives, team production, gift exchange, and tournament, using the task. All of the results are closely in line with theoretical predictions and, where applicable, the stylised facts from experiments using purely induced values. Chapter 3 experimentally examines the role of interpersonal comparisons in an individual contest. The experiment follows Gill and Prowse (2012) and is designed to investigate the source of disappointment aversion, that is, whether it is purely an asocial concept, akin to loss aversion, or fuelled by interpersonal comparisons. The new evidence however rejects predictions of the disappointment aversion model, both when interpersonal comparisons are possible and when they are not. Chapter 4 empirically examines strategic behaviour of contestants in a dynamic “best-of-three” team contest. I find evidence of “strategic neutrality” in both field data from high-stakes professional squash team tournaments and lab data from an experiment: the outcomes of previous battles do not affect the current battle. The lab data however reveal that the neutrality prediction does not perfectly hold at the level of individual efforts. Chapter 5 concludes the thesis by summarising all findings in previous chapters, discussing the limitations, and pointing to directions for future research.
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spelling nottingham-313772025-02-28T11:46:13Z https://eprints.nottingham.ac.uk/31377/ An empirical investigation of individual and team contests Huang, Lingbo This thesis presents an empirical investigation of individual and team contests using both lab experiments and field data. The thesis is comprised of five chap- ters. Chapter 1 introduces the overarching theme of this thesis and the common methodological tool, which is a novel real effort task used in the lab experiments. Chapter 2 discusses this real effort task in more detail and shows its usefulness in studying behavioural responses to incentives by presenting a series of experiments, including individual production with piece-rate incentives, team production, gift exchange, and tournament, using the task. All of the results are closely in line with theoretical predictions and, where applicable, the stylised facts from experiments using purely induced values. Chapter 3 experimentally examines the role of interpersonal comparisons in an individual contest. The experiment follows Gill and Prowse (2012) and is designed to investigate the source of disappointment aversion, that is, whether it is purely an asocial concept, akin to loss aversion, or fuelled by interpersonal comparisons. The new evidence however rejects predictions of the disappointment aversion model, both when interpersonal comparisons are possible and when they are not. Chapter 4 empirically examines strategic behaviour of contestants in a dynamic “best-of-three” team contest. I find evidence of “strategic neutrality” in both field data from high-stakes professional squash team tournaments and lab data from an experiment: the outcomes of previous battles do not affect the current battle. The lab data however reveal that the neutrality prediction does not perfectly hold at the level of individual efforts. Chapter 5 concludes the thesis by summarising all findings in previous chapters, discussing the limitations, and pointing to directions for future research. 2016-07-14 Thesis (University of Nottingham only) NonPeerReviewed application/pdf en arr https://eprints.nottingham.ac.uk/31377/1/thesis.pdf Huang, Lingbo (2016) An empirical investigation of individual and team contests. PhD thesis, University of Nottingham. Contests Group games
spellingShingle Contests
Group games
Huang, Lingbo
An empirical investigation of individual and team contests
title An empirical investigation of individual and team contests
title_full An empirical investigation of individual and team contests
title_fullStr An empirical investigation of individual and team contests
title_full_unstemmed An empirical investigation of individual and team contests
title_short An empirical investigation of individual and team contests
title_sort empirical investigation of individual and team contests
topic Contests
Group games
url https://eprints.nottingham.ac.uk/31377/