IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Aspiration and Survival in “Jeopardy!”

  • Elizabeth Boyle
  • Zur Shapira

    ()

Registered author(s):

    Behavior in dynamic competitive situations requires decision makers to evaluate their own as well as their competitors’ positions. This paper uses data from a realistic competitive risk taking setting, Jeopardy’s Tournament of Champions, to test whether individual players choose the strategic best response in making their betting decisions. The analyses show that the percentage of players choosing the strategic best response is very low, a rather surprising finding because the Tournament of Champions is contested by the very best and most experienced players of the Jeopardy game. We conjecture that performance aspiration and survival targets guide risk-taking behavior in competitive situations. Furthermore, in situations where decisions are made under pressure, contestants tend to focus on one target while ignoring alternative targets and the choices that are available to their competitors. This may lead them to select inferior competitive strategies.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://ratio.huji.ac.il/sites/default/files/publications/dp331.pdf
    File Function: First version, 2003
    Download Restriction: no

    File URL: http://ratio.huji.ac.il/sites/default/files/publications/dp417.pdf
    File Function: Revised version, 1998
    Download Restriction: no

    Paper provided by The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem in its series Discussion Paper Series with number dp331.

    as
    in new window

    Length: 31 pages
    Date of creation: Jul 2003
    Date of revision: Mar 2006
    Handle: RePEc:huj:dispap:dp331
    Contact details of provider: Postal: Feldman Building - Givat Ram - 91904 Jerusalem
    Phone: +972-2-6584135
    Fax: +972-2-6513681
    Web page: http://www.ratio.huji.ac.il/
    Email:


    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Metrick, Andrew, 1995. "A Natural Experiment in "Jeopardy!"," American Economic Review, American Economic Association, vol. 85(1), pages 240-53, March.
    2. Luís M. B. Cabral, 2003. "R&D Competition when firms Choose Variance," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 12(1), pages 139-150, 03.
    3. Nalebuff, Barry, 1990. "Slot Machines, Zomepirac, Squash, and More," Journal of Economic Perspectives, American Economic Association, vol. 4(1), pages 179-87, Winter.
    4. Ordonez, Lisa & Benson, Lehman, 1997. "Decisions under Time Pressure: How Time Constraint Affects Risky Decision Making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 71(2), pages 121-140, August.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:huj:dispap:dp331. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilan Nehama)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.