Prize and risk-taking strategy in tournaments
Subtitle: evidence from professional poker players
By: by Jungmin Lee.
Series: Discussion paper ;; no. 1345; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1345
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: World poker tour (Television program); Risk.
Description: "This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose the degree of risk taking depending on the incentives implied by the prize structure they face. I find that they are more sensitive to losses than to gains"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/18/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.