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Title

Tournament Entry Under Uncertainty

Category

Politics Seminar

Seminar Series

CESS Colloquium

Day

Monday, February 27, 2017

Time

1:00 PM until 2:00 PM

Location

CESS Seminar Room, George Street Mews

Speaker

Brent Davis, University of Innsbruck, Austria

Description

Abstract: Many labor markets have tournament mechanisms in pay and promotion schemes. A decade’s worth of research has shown that women shy away from competition compared to men in many domains. However, labor markets often have more uncertainty imbedded in competition than simply the risk of whether one will win the tournament or not. We examine willingness to enter competition under uncertain competitive environments. Specifically, in a laboratory experiment, we vary whether or not the number of winners of the tournament is certain, and whether or not with the relative probabilities of how many winners they will be are known. We find subjects significantly enter competition more frequently as the amount of uncertainty increases. Additionally, the “gender gap” with respect to entry into competition increases as the level of uncertainty within the competitive environment increases.
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Created at 31/01/2017 10:21 by Maxine Collett
Last modified at 20/02/2017 11:08 by Maxine Collett
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