Skewing the Odds: Taking Risks for Rank-Based Rewards (Online Supplements)
16 Pages Posted: 18 Mar 2016
Date Written: January 21, 2016
In this document, we demonstrate that the risk-taking contest game studied in "Skewing the odds: Taking risks for rank-based rewards" has no asymmetric equilibria and, hence, the symmetric equilibrium identified there is, in fact, the unique equilibrium.
The paper, "Skewing the odds: Taking risks for rank-based rewards," can be found here: http://ssrn.com/abstract=2747496.
Keywords: contests, risk taking, no asymmetric equilibria
JEL Classification: C72, D81, G11
Suggested Citation: Suggested Citation