Risk-taking in contests with heterogeneous players and intermediate Information—Evidence from handball

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-01-31 DOI:10.1177/15270025211071028

Lena Neuberg, Stefan Thiem

引用次数: 4

Abstract

This paper analyzes the risk-taking behavior of heterogeneous players in dynamic contests with intermediate information. Using data from the first German Handball league, we measure risk-taking by substituting the goalkeeper for an additional field player. By differentiating between ex-ante and in-game heterogeneity, we show that underdogs and trailing teams are willing to take more risks and that favourites and underdogs react differently to interim information. Trailing underdogs choose riskier strategies than trailing favorites during a match. The increased overall risk-taking is indeed beneficial for underdogs, whereas favourites lose significantly more games as a result of increased risk-taking.

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异质性球员比赛中的冒险行为与手球的中间信息证据

本文分析了具有中间信息的动态竞争中异质参与者的冒险行为。使用第一届德国手球联赛的数据，我们通过将守门员替换为额外的场地球员来衡量风险。通过区分事前异质性和游戏内异质性，我们发现处于劣势和落后的团队愿意承担更多风险，而处于优势和劣势的团队对临时信息的反应也不同。在比赛中，落后的失败者比落后的热门对手选择更冒险的策略。整体风险的增加确实对弱者有利，而受欢迎的人由于风险的增加而输掉更多的比赛。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.