With or without siblings: Sorting into competition in the experimental labor market

Fanzheng Yang and Li Yu ()

China Economic Review, 2016, vol. 41, issue C, 284-298

Abstract: We employ a well-controlled laboratory experiment to examine whether only children and those with siblings differ in their willingness to compete. We find that only children are more likely to undervalue the chance of winning and shy away from competition, but they become to embrace competition as their self-assessed winning probability increases. Alternatively, once uncertainty of relative performance is removed, the gap in willingness to compete between the two groups disappears. Utilizing a two-stage model of decision weights under uncertainty, we find that such a gap is predominantly caused by their heterogeneous attitudes toward ambiguity.

Keywords: Only child; Competition; Ambiguity; Subjective probability; Probability weighting function (search for similar items in EconPapers)
JEL-codes: D82 J24 M12 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:41:y:2016:i:c:p:284-298

DOI: 10.1016/j.chieco.2016.10.008

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