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Emotions in tournaments

[Zeitschriftenartikel]

Kräkel, Matthias

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-253807

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Abstract We introduce a concept of emotions that emerge when agents compare their own performance with the performances of other agents. Assuming heterogeneity among the agents the interplay of emotions and incentives is analyzed within the framework of rank-order tournaments, which are frequently used in practice. Tournaments seem to be an appropriate starting point for this concept because a tournament induces incentives by making agents compare themselves with their opponents. We identify certain conditions under which the principal benefits from emotional agents. Furthermore, the concept of emotions is used to explain the puzzling findings on the oversupply of effort in experimental tournaments.
Klassifikation Personalwesen
Freie Schlagwörter Contest design; Emotions; Tournaments; Unfair contests; J3; M5
Sprache Dokument Englisch
Publikationsjahr 2008
Seitenangabe S. 204-214
Zeitschriftentitel Journal of Economic Behavior & Organization, 67 (2008) 1
DOI http://dx.doi.org/10.1016/j.jebo.2007.08.002
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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