An empirical study on risk-taking in tournaments
AbstractIndividuals faced by a tournament can often not only choose their effort level, but also the risk level of their strategy. There are some theoretical contributions on risk-taking in tournaments, which mainly point out disadvantages with respect to exerted effort. Empirical evidence is rare. This letter analyses the risk-taking behaviour of professional soccer coaches. It is found that risk-taking concerning the kind of observed substitutions is, indeed, relevant. However, risk-taking does not pay off.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 12 (2005)
Issue (Month): 8 ()
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- Norms, agency & competition
by chris dillow in Stumbling and Mumbling on 2009-09-04 13:06:46
- Friday football notes from Chris Dillow
by Michael Giberson in knowledge problem on 2009-09-04 19:18:21
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