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Emotions in tournaments

[journal article]

Kräkel, Matthias

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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.
Classification Human Resources Management
Free Keywords Contest design; Emotions; Tournaments; Unfair contests; J3; M5
Document language English
Publication Year 2008
Page/Pages p. 204-214
Journal Journal of Economic Behavior & Organization, 67 (2008) 1
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)