When to Release Feedback in a Dynamic Tournament

Brendan Daley () and Ruoyu Wang ()
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Brendan Daley: The Fuqua School of Business, Duke University, Durham, North Carolina 27708
Ruoyu Wang: The Fuqua School of Business, Duke University, Durham, North Carolina 27708

Decision Analysis, 2018, vol. 15, issue 1, 11-26

Abstract: We study dynamic tournaments in which time is modeled explicitly, as opposed to with the abstract notion of “periods.” By doing so, we characterize the effects of the ex ante designated timing of an interim progress report. Whether or not a policy of reporting increases total expected effort does not depend on the release time of the report; however, the magnitude of the effect does. We demonstrate that total expected effort is single peaked or single troughed in the report’s release time depending on parameters, with the peak/tough located at a time strictly more than halfway through the tournament. However, a policy of releasing information always harms the expected utility of the tournament’s participants. Implications for tournament design are discussed.

Keywords: dynamic tournament; timing; feedback; progress report; dynamic contest (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ordeca:v:15:y:2018:i:1:p:11-26

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