Template-Type: ReDIF-Paper 1.0
Title: Risk Taking in Asymmetric Tournaments 
Author-Name: Matthias Kräkel
Author-Name: Dirk Sliwka 
Author-Email: 
Classification-JEL: D23, J3, M12 
Keywords: effort effect, likelihood effect, risk taking, tournament 
Abstract: In an asymmetric tournament model with endogenous risk choice by the agents it is shown that equilibrium efforts decrease (increase) with risk if abilities are sufficiently
	similar (different). Risk also affects winning probabilities. The interaction of both effects is analyzed. 
Note: 
Length: 12
Creation-Date: 2001-11	
Revision-Date: 
File-URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonedp/bgse33_2001.pdf
File-Format: application/pdf
Handle: RePEc:bon:bonedp:bgse33_2001