Facing Your Opponents: Social identification and information feedback in contests
Shakun Mago (),
Anya Savikhin and
Roman Sheremeta ()
Additional contact information
Anya Savikhin: Becker Friedman Institute for Economic Research, The University of Chicago, USA
Authors registered in the RePEc Author Service: Anya Savikhin Samek
Working Papers from Chapman University, Economic Science Institute
We experimentally investigate the effect of social identification and information feedback on individual behavior in contests. Identifying subjects through photo display decreases efforts. Providing information feedback about others’ effort does not affect the aggregate effort levels but it does change the dynamics of individual behavior. We develop a behavioral model based on relative payoff maximization, and use it to estimate the degree of pro-social/status-seeking behavior. We find that decrease in ‘social distance’ between group members through photo display promotes pro-social behavior. Information feedback reduces the within-group volatility in effort level and facilitates greater adherence to the ‘group norm.’ Finally, in contrast to standard theoretical predictions, we find significant over-expenditure of efforts in all treatments. This overdissipation can be explained by a combination of non-monetary utility of winning and relative payoff maximization.
Keywords: contest; information; identification; over-dissipation; experiments (search for similar items in EconPapers)
JEL-codes: C72 C91 D72 D74 (search for similar items in EconPapers)
Pages: 36 pages
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp and nep-soc
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Working Paper: Facing Your Opponents: Social Identification and Information Feedback in Contests (2014)
Working Paper: Facing Your Opponents: Social Identification and Information Feedback in Contests (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:chu:wpaper:12-15
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