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Looking Awkward When Winning and Foolish When Losing: Inequity Aversion and Performance in the Field Author info | Abstract | Publisher info | Download info | Related research | Statistics Benno Torgler
Markus Schaffner
Bruno S. Frey
Sascha L. Schmidt
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The experimental literature and studies using survey data have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. Individuals are concerned about social comparisons. However, behavioral evidence in the field is rare. This paper provides an empirical analysis testing the model of inequity aversion using two unique panel data sets for basketball and soccer players. We find support that the concept of inequity aversion helps to understand how the relative income situation affects performance in a real competitive environment with real tasks and real incentives.
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Paper provided by Institute for Empirical Research in Economics - IEW in its series IEW - Working Papers with number
iewwp369.
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Date of creation: May 2008Date of revision:
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Keywords: Inequity aversion relative income positional concerns envy social comparison performance interdependent preferences Other versions of this item:
Find related papers by JEL classification: D00 - Microeconomics - - General - - - General D60 - Microeconomics - - Welfare Economics - - - General L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
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