Elimination Tournament Design under Psychological Momentum
2018/01/12
研討會日期 : 2018-01-12
時間 : 14:30
主講人 : Professor Bo Chen
主持人 : Professor Wei-Torng Juang
地點 : Conference Room B110
演講者簡介 : Professor Chen received his Ph.D. in Economics from Bonn Graduate School of Economics in Germany. He is currently an Assistant Professor at College of Industrial Management, King Fahd University of Petroleum & Minerals (KFUPM). His research interest lie in the fields of Applied Microeconomic Theory. His teaching interest covers Microeconomics, Industrial Organization, Game Theory, Strategic Management, Financial Accounting, and Stochastic Finance.
演講摘要 : In multi-round elimination tournaments, players experience “psychological momentum”. We re-consider the design of elimination tournament plan, by taking into account of various types of psychological momentum. The results show that if there is negative psychological momentum, either persistent or not, a double-elimination tournament elicits a higher total effort than a single-elimination tournament if and only if the negative psychological shocks from a player's failures in preceding rounds do not affect this player's mental status significantly in the following rounds. Similarly, if there is non-persistent positive momentum, a double-elimination tournament elicits a higher total effort if and only if psychological shocks are not significant. However, if there is persistent positive psychological momentum, then a double-elimination tournament always dominates a single-elimination tournament.
