{"id":"https://openalex.org/W1491275291","doi":null,"title":"Loss Aversion in Contests","display_name":"Loss Aversion in Contests","publication_year":2012,"publication_date":"2012-01-10","ids":{"openalex":"https://openalex.org/W1491275291","mag":"1491275291"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:man:sespap:1204","doi":null,"is_oa":false,"landing_page_url":"http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-1204.pdf","pdf_url":"http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-1204.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5070579335","display_name":"Richard Cornes","orcid":"https://orcid.org/0000-0002-7688-4485","observed_orcids":["https://orcid.org/0000-0002-7688-4485"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Richard Cornes","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-7688-4485","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5109487378","display_name":"Roger Hartley","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Roger Hartley","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.3521000146865845,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.3521000146865845,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.3188000023365021,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.19470000267028809,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/loss-aversion","display_name":"loss aversion","score":0.9589999914169312},{"id":"https://openalex.org/keywords/rent-seeking-contests","display_name":"rent-seeking contests","score":0.9909999966621399},{"id":"https://openalex.org/keywords/pure-strategy-equilibrium","display_name":"pure Nash equilibrium","score":0.8629999756813049},{"id":"https://openalex.org/keywords/multiple-equilibria","display_name":"multiple equilibria","score":0.9789999723434448},{"id":"https://openalex.org/keywords/uniqueness-of-equilibrium","display_name":"uniqueness of equilibrium","score":0.8600000143051147},{"id":"https://openalex.org/keywords/comparative-statics","display_name":"comparative statics","score":0.7519999742507935},{"id":"https://openalex.org/keywords/symmetric-equilibrium","display_name":"symmetric equilibrium","score":0.7889999747276306},{"id":"https://openalex.org/keywords/contest-success-function","display_name":"contest success function","score":0.8830000162124634},{"id":"https://openalex.org/keywords/contest-design","display_name":"contest design","score":0.6700000166893005}],"concepts":[{"id":"https://openalex.org/C48875124","wikidata":"https://www.wikidata.org/wiki/Q1416996","display_name":"Comparative statics","level":2,"score":0.9451702833175659},{"id":"https://openalex.org/C2777021972","wikidata":"https://www.wikidata.org/wiki/Q22976830","display_name":"Uniqueness","level":2,"score":0.801513671875},{"id":"https://openalex.org/C2777582232","wikidata":"https://www.wikidata.org/wiki/Q5013414","display_name":"CONTEST","level":2,"score":0.7780202627182007},{"id":"https://openalex.org/C93979843","wikidata":"https://www.wikidata.org/wiki/Q7661306","display_name":"Symmetric equilibrium","level":5,"score":0.7015089988708496},{"id":"https://openalex.org/C46814582","wikidata":"https://www.wikidata.org/wiki/Q23389","display_name":"Nash equilibrium","level":2,"score":0.6723516583442688},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6215119361877441},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.6039464473724365},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.5914061665534973},{"id":"https://openalex.org/C2778174566","wikidata":"https://www.wikidata.org/wiki/Q2874240","display_name":"Loss aversion","level":2,"score":0.47061875462532043},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3639718294143677},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2351754605770111},{"id":"https://openalex.org/C164407509","wikidata":"https://www.wikidata.org/wiki/Q5384490","display_name":"Equilibrium selection","level":4,"score":0.23086610436439514},{"id":"https://openalex.org/C177142836","wikidata":"https://www.wikidata.org/wiki/Q44455","display_name":"Game theory","level":2,"score":0.15588825941085815},{"id":"https://openalex.org/C202556891","wikidata":"https://www.wikidata.org/wiki/Q1584646","display_name":"Repeated game","level":3,"score":0.1509706974029541},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.06659534573554993},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.04967471957206726},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:man:sespap:1204","doi":null,"is_oa":false,"landing_page_url":"http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-1204.pdf","pdf_url":"http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-1204.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1491275291","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/paper/mansespap/1204.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W99529319","https://openalex.org/W1548463046","https://openalex.org/W1575438854","https://openalex.org/W1883896725","https://openalex.org/W1979948362","https://openalex.org/W1988683757","https://openalex.org/W1997575652","https://openalex.org/W2004220287","https://openalex.org/W2015133278","https://openalex.org/W2029429306","https://openalex.org/W2030874315","https://openalex.org/W2031645848","https://openalex.org/W2041946752","https://openalex.org/W2053386485","https://openalex.org/W2072446426","https://openalex.org/W2084378950","https://openalex.org/W2094281853","https://openalex.org/W2133469585","https://openalex.org/W2148199148","https://openalex.org/W2149196639"],"related_works":["https://openalex.org/W4210915658","https://openalex.org/W2076507138","https://openalex.org/W4402382733","https://openalex.org/W2158992975","https://openalex.org/W1601298094","https://openalex.org/W1999411617","https://openalex.org/W1510181263","https://openalex.org/W2743240538","https://openalex.org/W1817896206","https://openalex.org/W3165280651"],"abstract_inverted_index":{"We":[0,20,51,97],"study":[1],"pure":[2],"strategy":[3],"Nash":[4],"equilibria":[5],"of":[6,17,26,86,104,119],"rent-seeking":[7],"contests":[8,105],"in":[9,83,101],"which":[10,48],"contestants":[11],"value":[12],"gains":[13],"less":[14],"than":[15],"losses":[16],"similar":[18],"magnitude.":[19],"demonstrate":[21],"that,":[22,82],"if":[23],"the":[24,40,84,89,117],"degree":[25],"loss":[27],"aversion":[28],"is":[29,68],"su\ufffd":[30],"ciently":[31],"great,":[32],"there":[33,67],"may":[34,92],"be":[35],"multiple":[36],"equilibria,":[37,88],"even":[38],"for":[39,77,116],"simplest":[41],"contest":[42],"success":[43],"functions":[44],"and":[45,80,108,111],"discuss":[46],"condition":[47],"ensure":[49],"uniqueness.":[50],"investigate":[52],"comparative":[53,95],"statics":[54],"when":[55],"these":[56,99],"conditions":[57],"are":[58],"satis\u0085fied.":[59],"For":[61],"symmetric":[62,71,90],"contests,":[63],"we":[64],"establish":[65],"that":[66],"a":[69,102],"unique":[70],"equilibrium,":[72],"derive":[73],"an":[74],"explicit":[75],"expression":[76],"this":[78],"equilibrium":[79,91],"show":[81],"presence":[85],"other":[87],"display":[93],"perverse":[94],"statics.":[96],"use":[98],"results":[100],"comparison":[103],"with":[106],"divisible":[107],"indivisible":[109],"prizes":[110],"conclude":[112],"by":[113],"drawing":[114],"lessons":[115],"design":[118],"experimental":[120],"contests.":[121]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
