ICES Brown Bag for February 28

Events, Seminars | February 22, 2019

Join us for the ICES Brown Bag Lecture of the Spring 2019 semester, featuring Jian Song.

Ms. Song, of George Mason University, will discuss her paper An Experimental Study on Winners’ Behavior Under Asymmetric Shock Distribution (Abstract). The talk will take place on Thursday, February 28th, from 12:00 to 1:00pm, in room 5075 of the Vernon Smith Hall, Arlington campus.

Coffee and dessert will be provided.

Please visit the Brown Bag Schedule to learn more about the Brown Bag series.

Abstract

We use experimental method to compare effort provisions in tournaments under different distributions of random shocks. We find that, when random shocks are asymmetrically – more specific, negative skewed – distributed, in order to win, subjects will exert significantly higher efforts than the shocks are uniformly distributed. Further, we find that winners have stronger reactions to negative shocks in tournaments where the shocks are negative skewed distributed. Our results suggest that effort provisions in tournament relate to the distribution of random shocks.

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