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The Influence of Ability, Rank, and Gender on Risk-Taking in Contests: Evidence from the Ski World Cup

Author

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  • Eberhard Feess
  • Peter J. Jost
  • Helge Müller

Abstract

Based on a model for a sequential contest with heterogeneous participants, we investigate the influence of ability, rank, and gender on risk-taking behavior in the Ski World Cup. Risk-taking is defined as the dropout probability. In line with our theory, low-ability contestants take higher risk in the first race, while risk-taking in the second race increases in the rank after the first race. Supporting the general literature on gender-specific risk-taking, the dropout probability of females is lower in both races.

Suggested Citation

  • Eberhard Feess & Peter J. Jost & Helge Müller, 2016. "The Influence of Ability, Rank, and Gender on Risk-Taking in Contests: Evidence from the Ski World Cup," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 172(4), pages 573-614, December.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(201612)172:4_573:tioara_2.0.tx_2-z
    DOI: 10.1628/093245616X14636566542169
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    Cited by:

    1. Gürtler, Oliver & Struth, Lennart & Thon, Max, 2023. "Competition and risk-taking," European Economic Review, Elsevier, vol. 160(C).

    More about this item

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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