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Asymmetric discouragement in asymmetric contests

Christoph March and Marco Sahm

Economics Letters, 2017, vol. 151, issue C, 23-27

Abstract: We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our results can be explained by a simple model of disappointment aversion.

Keywords: Asymmetric contest; Discouragement effect; Disappointment aversion; Laboratory experiment (search for similar items in EconPapers)
JEL-codes: C72 C92 D72 (search for similar items in EconPapers)
Date: 2017
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Working Paper: Asymmetric Discouragement in Asymmetric Contests (2016) Downloads
Working Paper: Asymmetric discouragement in asymmetric contests (2016) Downloads
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