Doctoral Dissertation Research in Economics: Asymmetric Shocks in Contests: Theory and Experiment
经济学博士论文研究:竞赛中的不对称冲击:理论与实验
基本信息
- 批准号:2048519
- 负责人:
- 金额:$ 0.94万
- 依托单位:
- 依托单位国家:美国
- 项目类别:Standard Grant
- 财政年份:2021
- 资助国家:美国
- 起止时间:2021-09-01 至 2024-08-31
- 项目状态:已结题
- 来源:
- 关键词:
项目摘要
This award is funded in whole or in part under the American Rescue Plan Act of 2021 (Public Law 117-2).This award funds research that will combine economic theory and laboratory experiments to investigate how the distributions of random shocks affects the effort provisions of rank-tournament participants. In rank-order tournaments, an individual’s competitive output equals the effort she or he exerts, plus a random shock. Because of their prevalence, tournaments have received a great deal of scholarly attention. Other research has assumed that the distribution of the random shock is symmetric. However, some real world tournaments include asymmetric shocks. For example, in elite competitions like the Olympics athletes exert significant amounts of effort. Their scores typically cluster near the boundary of possible performance. Consequently, there is no chance that an athlete will face an extremely positive shock, however, there is a small chance that an athlete will suffer an extremely negative shock. This project will combine theory and experiment to compare effort provisions in tournaments under different shock distributions. The research design will allow the researchers to directly measure tournament participant’s effort and compare the incentive effects under different types of shocks. The findings of this research could develop an improved understanding of why and how the distributions of random shocks affect effort provision in competitive environments, shedding new light on how people make decisions when very bad outcomes are unlikely but possible.This project uses theoretical and experimental methods to compare effort provisions in rank- order tournaments under different shock distributions. Theory finds that, under optimal principal-agent contracts, the effort exerted by tournament participants should be invariant to the shock distribution. However, this result has never been tested, as all existing empirical and experimental literature focuses on environments where the shock distribution is symmetric.This project fills this gap. Methodologically, an effort-choice experiment is employed with treatments that differ in shock distributions. In that experiment, after players choose the effort they would like to exert, the computer then draws a random shock, independently for each player. A player’s output is the effort she or he chooses, plus the random shock chosen by the computer. This experimental design directly measures a player’s effort and allows for the comparison of the incentive effects of different shocks. This project will extend and inform the current literature by shedding light on the influence of the shape of the shock distribution on a tournament participant’s effort decisions. The results of this project will further facilitate a better understanding of how people make decisions when very bad outcomes are unlikely but possible.This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.
该奖项全部或部分由《2021年美国救援计划法案》(公法117-2)资助。该奖项资助的研究将结合经济理论和实验室实验来调查随机冲击的分布如何影响排名赛参与者的努力条款。在排名赛中,个人的竞技输出等于他所付出的努力加上随机冲击。由于它们的流行,比赛受到了大量的学术关注。其他研究假设随机冲击的分布是对称的。然而,一些现实世界的比赛包含不对称冲击。例如,在像奥运会这样的精英比赛中,运动员付出了巨大的努力。他们的分数通常集中在可能表现的边界附近。因此,运动员不可能面临极端积极的冲击,然而,运动员遭受极端消极冲击的可能性很小。本项目将理论与实验相结合,比较不同冲击分布下比赛的努力规定。研究设计将允许研究人员直接测量比赛参与者的努力,并比较不同类型冲击下的激励效应。这项研究的发现可以帮助我们更好地理解,在竞争环境中,随机冲击的分布为何以及如何影响努力提供,并为人们在不太可能但可能出现非常糟糕的结果时如何做出决定提供新的线索。本研究采用理论与实验相结合的方法,比较了不同冲击分布下排位比赛的努力供给。理论发现,在最优委托代理契约下,比赛参与者的努力对冲击分布应该是不变的。然而,这一结果从未被测试过,因为所有现有的经验和实验文献都集中在激波分布对称的环境中。这个项目填补了这一空白。在方法上,努力-选择实验采用不同的冲击分布处理。在这个实验中,当玩家选择了他们想要付出的努力后,电脑就会随机地为每个玩家绘制一个独立的电击。玩家的输出是他或她选择的努力,加上计算机选择的随机冲击。这种实验设计直接衡量玩家的努力,并允许比较不同冲击的激励效应。这个项目将通过揭示冲击分布的形状对比赛参与者努力决策的影响来扩展和告知当前的文献。这个项目的结果将进一步促进人们更好地理解,当非常糟糕的结果不太可能发生,但有可能发生时,人们是如何做出决定的。该奖项反映了美国国家科学基金会的法定使命,并通过使用基金会的知识价值和更广泛的影响审查标准进行评估,被认为值得支持。
项目成果
期刊论文数量(0)
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会议论文数量(0)
专利数量(0)
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Daniel Houser其他文献
Promises and Lies: Can Observers Detect Deception
承诺与谎言:观察者能否发现欺骗
- DOI:
- 发表时间:
2013 - 期刊:
- 影响因子:0
- 作者:
Jingnan Chen;Daniel Houser - 通讯作者:
Daniel Houser
How Do Behavioral Assumptions Affect Structural Inference? Evidence From a Laboratory Experiment
行为假设如何影响结构推理?
- DOI:
- 发表时间:
2004 - 期刊:
- 影响因子:0
- 作者:
Daniel Houser;J. Winter - 通讯作者:
J. Winter
Leverage and Asset Prices: An Experiment
杠杆和资产价格:一个实验
- DOI:
10.2139/ssrn.2000466 - 发表时间:
2012 - 期刊:
- 影响因子:2.2
- 作者:
Marco Cipriani;A. Fostel;Daniel Houser - 通讯作者:
Daniel Houser
Clientelism and identity
庇护主义和身份认同
- DOI:
- 发表时间:
2020 - 期刊:
- 影响因子:0
- 作者:
James P. Habyarimana;Daniel Houser;Stuti Khemani;Viktor Brech;Ginny Seung Choi;Moumita Roy - 通讯作者:
Moumita Roy
Feeding the Wrong Wolf: Work, Gender, and Generosity in a Northern Alberta Oil and Gas Community
- DOI:
10.22215/etd/2018-12957 - 发表时间:
2018 - 期刊:
- 影响因子:0
- 作者:
Daniel Houser - 通讯作者:
Daniel Houser
Daniel Houser的其他文献
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{{ truncateString('Daniel Houser', 18)}}的其他基金
Doctoral Dissertation Research in Economics: An experimental analysis of the role of group identity in leadership effectiveness
经济学博士论文研究:群体认同在领导效能中作用的实验分析
- 批准号:
2048476 - 财政年份:2021
- 资助金额:
$ 0.94万 - 项目类别:
Standard Grant
Doctoral Dissertation Research in Economics: The Behavioral Determinants of Nominal Wage Rigidity
经济学博士论文研究:名义工资刚性的行为决定因素
- 批准号:
1628911 - 财政年份:2016
- 资助金额:
$ 0.94万 - 项目类别:
Standard Grant
Doctoral Dissertation Research in Economics: The Economic Value of Natural Language Communication
经济学博士论文研究:自然语言交流的经济价值
- 批准号:
1530519 - 财政年份:2015
- 资助金额:
$ 0.94万 - 项目类别:
Standard Grant
Doctoral Dissertation Research in Economics: Promoting Information Dispersion in Social Networks
经济学博士论文研究:促进社交网络中的信息传播
- 批准号:
1261066 - 财政年份:2013
- 资助金额:
$ 0.94万 - 项目类别:
Standard Grant
Doctoral Dissertation Research: Cooperation and Status Competition in Public Goods Games
博士论文研究:公共物品博弈中的合作与地位竞争
- 批准号:
1025275 - 财政年份:2010
- 资助金额:
$ 0.94万 - 项目类别:
Standard Grant
Doctoral Dissertation Research in Economics: The Effects of Betrayal in Economic Decision Making
经济学博士论文研究:背叛对经济决策的影响
- 批准号:
0851250 - 财政年份:2009
- 资助金额:
$ 0.94万 - 项目类别:
Standard Grant
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