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on Sports and Economics |
| By: | Vidal-Tomás, David |
| Abstract: | We examine a blockchain application in the sport industry through an analysis of Socios.com. In particular, we study the performance and dynamics of fan tokens and the exclusive on-platform currency, Chiliz. Our contribution to the literature is two-fold. First, we show that supporters do not lose money by supporting their sports teams through fan tokens and Chiliz, on average, and traders can outperform the market with Chiliz. Second, given the absence of a correlation with the cryptocurrency market, traders can use these assets to diversify their cryptocurrency portfolios, and supporters own tokens that are not driven by the cryptocurrency market. |
| Keywords: | Chiliz, Fan token, Cryptocurrency, Sport, Diversification |
| JEL: | G10 |
| Date: | 2022–01–02 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:111350&r= |
| By: | Görlitz, Katja (Hochschule der Bundesagentur für Arbeit (HdBA)); Sels, Tim (Freie Universität Berlin) |
| Abstract: | This study analyzes how individuals evaluate their peers' performance in a high stakes tournament in response to being randomly assigned to an age homogenous or heterogeneous group using data from two TV shows. The data also allows us to explore superior evaluations because it contains objective ratings from an independent expert. Additionally, this study investigates how age diverse groups affect individual performance in professional golf tournaments. The results show that peer and superior evaluations as well as individual performance are lower in age diverse groups. Further evidence suggests that these effects occur in the short run, but fade away once group members have gotten to know each other. |
| Keywords: | age diversity, peer evaluation, superior evaluation, performance |
| JEL: | J14 M12 M54 |
| Date: | 2021–12 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp14922&r= |