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• W2109513324 abstract "We empirically explore the relevance and efficiency of risk-taking behavior in tournaments. We use data from the National Basketball Association (NBA) and measure risk-taking by the fraction of three-point shots in basketball games. We examine how point differences between teams during games affect their subsequent risk-taking behavior. It is found that teams that are trailing are more likely to increase their use of three-point shots. We additionally analyze the consequences of this change in behavior. Enhanced risk-taking is inefficient in the vast majority of cases and is only beneficial if a team is trailing by a rather large margin. We discuss possible explanations for these decision errors. (JEL M5, D81, J30)" @default.
• W2109513324 created "2016-06-24" @default.
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• W2109513324 date "2012-12-05" @default.
• W2109513324 modified "2023-10-18" @default.
• W2109513324 title "INCIDENCE AND CONSEQUENCES OF RISK-TAKING BEHAVIOR IN TOURNAMENTS-EVIDENCE FROM THE NBA" @default.
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• W2109513324 doi "https://doi.org/10.1111/j.1465-7295.2012.00499.x" @default.
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