Favorites and Underdogs: Strategic Behavior in an Experimental Contest.

B-Tier
Journal: Public Choice
Year: 1992
Volume: 74
Issue: 2
Pages: 191-205

Authors (2)

Shogren, Jason F (University of Wyoming) Baik, Kyung H (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Conflicts between favorites and underdogs are everyday phenomena. The authors examine their strategic behavior in an experimental contest and find behavior partially consistent with predictions. Favorites given a first-mover advantage do overcommit effort relative to Nash. Underdogs often select the best response effort level given the favorite's move. Overall dissipation of the prize was significantly higher with the strategic commitment relative to Nash. Copyright 1992 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:pubcho:v:74:y:1992:i:2:p:191-205
Journal Field
Public
Author Count
2
Added to Database
2026-01-24