Optimal risk taking in an uneven tournament game with risk averse players

DOI10.1016/j.jmateco.2008.02.002zbMath1148.91006OpenAlexW2088076529MaRDI QIDQ952694

Matthias Kräkel

Publication date: 13 November 2008

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://epub.ub.uni-muenchen.de/13352/1/200.pdf

zbMATH Keywords

asymmetric equilibriarisk takingrank-order tournaments

Mathematics Subject Classification ID

2-person games (91A05) Multistage and repeated games (91A20)

Related Items (3)

Simple equilibria in general contests ⋮ Competitive problem solving and the optimal prize schemes ⋮ Social motives and risk-taking in investment decisions

Cites Work

• Moment preferences and polynomial utility
• A collective tournament
• In defense of lawyers: Moral hazard as an aid to cooperation
• Risk taking in selection contests
• Fixed-prize tournaments versus first-price auctions in innovation contests
• A Model of Promotional Competition in Oligopoly
• The Wage Policy of a Firm

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