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on Sports and Economics |
| By: | Goller, Daniel; Heiniger, Sandro |
| Abstract: | We propose a statistical framework for quantifying the importance of single events that do not provide intermediate rewards but offer implicit incentives through the reward structure at the end of a multi-event contest. Applying the framework to primary elections in the US, where earlier elections have greater importance and influence, we show that schedule variations can mitigate the problem of front-loading elections. When applied to European football, we demonstrate the utility and meaningfulness of quantified event importance in relation to the in-match performance of contestants, to improve outcome prediction and to provide an early indication of public interest. |
| Keywords: | Event importance, Football, Front-loading, Incentives, Multi-event contest |
| JEL: | C15 C53 D72 Z20 |
| Date: | 2022–07 |
| URL: | http://d.repec.org/n?u=RePEc:usg:econwp:2022:04&r= |
| By: | John List; Rohen Shah |
| Abstract: | In organizations, teams are ubiquitous. "Weakest Link" and "Best Shot" are incentive schemes that tie a group member's compensation to the output of their group's least and most productive member, respectively. In this paper, we test the impact of these incentive schemes by conducting two pilot RCTs (one in-person, one online), which included more than 250 graduate students in a graduate math class. Students were placed in study groups of three or four students, and then groups were randomized to either control, Weakest Link, or Best Shot incentives. We find evidence that such incentive approaches can affect test scores, both in-person and online. |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:feb:framed:00760&r= |