Resource Allocation Contests: Experimental Evidence

Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Resource Allocation Contests: Experimental EvidenceISBN13:9781502738950ISBN10:1502738953Author:Federal Trade Commission (Author)Description:(This is a RePrint) - Across Many Forms Of Rent Seeking Contests, The Impact Of Risk Aversion On Equilibrium Play Is Indeterminate We Design An Experiment To Compare Individuals' Decisions Across Three Contests Which Are Isomorphic Under Risk-Neutrality, But Are Typically Not Isomorphic Under Other Risk Preferences The Pattern Of Individual Play Across Our Contests Is Not Consistent With A Bayes-Nash Equilibrium For Any Distribution Of Risk Preferences We Show That Replacing The Bayes-Nash Equilibrium Concept With The Quintal Response Equilibrium, Along With Heterogeneous Risk Preferences Can Produce Equilibrium Patterns Of Play That Are Very Similar To The Patterns We Observe Binding:Paperback, PaperbackPublisher:Createspace Independent Publishing PlatformPublication Date:2014-10-07Weight:0.22 lbsDimensions:0.07'' H x 11.02'' L x 8.5'' WNumber of Pages:32Language:English

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Book Title: Resource Allocation Contests: Experimental Evidence

Number of Pages: 32 Pages

Language: English

Publisher: CreateSpace

Item Height: 0.1 in

Topic: General

Publication Year: 2014

Genre: Science

Item Weight: 4.8 Oz

Item Length: 11 in

Author: Federal Trade Federal Trade Commission

Item Width: 8.5 in

Format: Trade Paperback