Template-Type: ReDIF-Paper 1.0
Title: An Empirical Study on Risk Taking in Tournaments
Author-Name: Christian Grund
Author-Name: Oliver Gürtler
Author-Email: oliver.guertler@uni-bonn.de
Classification-JEL: 
Keywords: 
Abstract: Individuals faced by a tournament can oftentimes not only choose their effort level, 
	but also the risk level of their strategy. There are some theoretical contributions on 
	risk taking in tournaments, which mainly point out disadvantages with respect to exerted 
	effort. Empirical evidence is rare. In this paper we analyze risk taking behavior of 
	professional soccer coaches. We find that risk taking concerning the kind of observed 
	substitutions is, indeed, relevant. However, risk taking does not pay off.
Note: 
Length: 13
Creation-Date: 2005-02	
Revision-Date: 
File-URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonedp/bgse6_2005.pdf
File-Format: application/pdf
Handle: RePEc:bon:bonedp:bgse6_2005