Who Pays to Win Again? The Joy of Winning in Contest Experiments

Herbst, Luisa

doi:10.2139/ssrn.2766934

Cited by 3 publications

(2 citation statements)

References 48 publications

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“…11 Although we do not build it into our model, in our empirical specification, we test for a "pure love of winning," consistent with an experimental literature that finds individuals seem to derive additional utility from being on the winning side (e.g., Herbst (2016), Brookins and Ryvkin (2014), Cason et al (2018), Herbst (2016), Mago et al (2013), Price and Sheremeta (2011), Sheremeta (2011), Hart et al (2015).…”

Section: A Static Model Of Hedonic Adaptationmentioning

confidence: 76%

Happiness Dynamics, Reference Dependence, and Motivated Beliefs in U.S. Presidential Elections

Kimball,

Raymond,

Zhou

et al. 2024

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Collecting and analyzing panel data over the last four U.S. presidential elections, we study the drivers of self-reported happiness. We relate our empirical findings to existing models of elation, reference dependence, and belief formation. In addition to corroborating previous findings in the literature (hedonic asymmetry/hedonic loss aversion, hedonic adaptation and motivated beliefs), we provide novel results that extend the literature in four dimensions. First, happiness responds to changes relative to both the political status quo (i.e., the incumbent presidential party) and the expected electoral outcome, providing support for two major hypotheses regarding reference point formation. Individuals exhibit hedonic loss aversion to deviations from expectations, but hedonic loss neutrality to changes from the status quo. Second, the speed of hedonic adaptation to deviations from the status quo is significantly slower than the speed of hedonic adaptation to surprises. Third, expectations affect happiness in a nonlinear way, consistent with Gul's model of disappointment aversion, but contrary to other influential reference-dependent models. Fourth, both "objective" and motivated subjective beliefs matter for the happiness reactions, although subjective beliefs matter more.

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Section: A Static Model Of Hedonic Adaptationmentioning

confidence: 76%

Happiness Dynamics, Reference Dependence, and Motivated Beliefs in U.S. Presidential Elections

Kimball,

Raymond,

Zhou

et al. 2024

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“…Receiving information about poor relative performance, in contrast, comes at some intrinsic depression (Delgado et al 2008, Herbst 2016. Implying failure and subordination, it does not allow for a favorable comparison to other groups so that (⇡ j ⇡ R(j) ) and thus S j should decline.…”

Section: Related Literature and Research Hypothesesmentioning

confidence: 99%

How Did We Do? The Impact of Relative Performance Feedback on Intergroup Hostilities

Bauer

2020

SSRN Journal

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Using a novel experimental design, I test how the exposure to information about a group's relative performance causally a↵ects the members' level of identification and thereby their propensity to harm a liates of comparison groups. I find that both, being informed about a high and poor relative performance of the ingroup similarly fosters identification. Stronger ingroup identification creates increased hostility against the group of comparison. In cases where participants learn about poor relative performance, there appears to be a direct level e↵ect additionally elevating hostile discrimination. My findings shed light on a specific channel through which social media may contribute to intergroup fragmentation and polarization.

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And the first runner-up is...: comparing winner selection procedures in multi-winner Tullock contests

2022

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We characterise the strategic equivalence among k-winner contests using simultaneous and sequential winner selection. We test this prediction of strategic equivalence using a series of laboratory experiments, contrasting 1-winner contests with 2-winner contests, varying in the latter whether the outcome is revealed sequentially or in a single stage. We find that in the long run, average bidding levels are similar across strategically-equivalent contests. However, adaptation in 2-winner contests is slower and less systematic, which is consistent with the property that simultaneous winner selection results in outcomes that are more random than in the 1-winner case.

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Who Pays to Win Again? The Joy of Winning in Contest Experiments

Cited by 3 publications

References 48 publications

Happiness Dynamics, Reference Dependence, and Motivated Beliefs in U.S. Presidential Elections

Happiness Dynamics, Reference Dependence, and Motivated Beliefs in U.S. Presidential Elections

How Did We Do? The Impact of Relative Performance Feedback on Intergroup Hostilities

And the first runner-up is...: comparing winner selection procedures in multi-winner Tullock contests

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