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- W3165280651 abstract "We investigate the optimal prize allocation in a multi-winner nested Tullock contest model with symmetric contestants who exhibit expectation-based loss aversion. We show that (i) multiple prizes can be optimal when contestants are sufficiently loss averse; (ii) all prizes should be equal in the optimal contest; and (iii) the number of prizes increases as the degree of loss aversion increases." @default.
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- W3165280651 date "2021-08-01" @default.
- W3165280651 modified "2023-09-24" @default.
- W3165280651 title "Multi-prize contests with expectation-based loss-averse players" @default.
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- W3165280651 doi "https://doi.org/10.1016/j.econlet.2021.109921" @default.
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