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Can I read Favorites and underdogs: Strategic behavior in an experimental contest on EtoBox?
Favorites and underdogs: Strategic behavior in an experimental contest by Jason F. Shogren; Kyung H. Baik is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Favorites and underdogs: Strategic behavior in an experimental contest about?
Conflicts between favorites and underdogs are everyday phenomena. We examine their strategic behavior in an experimental contest, and find behavior partially consistent with predictions. Favorites given a first-mover advantage do overcommit effort relative to Nash. Underdogs often select the best response effort level given the favorite's move. Overall dissipation of the prize was significantly higher with the strategic commitment relative to Nash. Life is not so mathematically idiotic that it allows only the big to eat the small, for it happens just as often that the bee kills the lion, or at least drives it mad.
Who reads Favorites and underdogs: Strategic behavior in an experimental contest?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Jason F. Shogren; Kyung H. Baik
- Publisher
- Springer US; Springer-Verlag; Kluwer Academic Publishers; Springer Science and Business Media LLC (ISSN 0048-5829)
- Published
- 1992
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)