Time-based Team Competition: Theory and Experiment
Speaker: A/Prof Ailin Leng
Affiliation: Shandong University
Location: Room 207, Chamberlain Building (#35), St Lucia Campus
Zoom: https://uqz.zoom.us/j/82603079317
Abstract: This study proposes a novel form of team contest. Players exert effort at a steady rate in continuous time. The first team whose accumulated effort hits a threshold wins a prize. Unlike other forms of contests, players face fierce pressure from competing teams every second during the process. Pausing to free-ride can cause teams to fall behind and lose the competition. The experiment further shows that participants have used strategies such as tit-for-tat and conditional cooperation to prevent free-riding behavior. Ultimately, the competition results under the equal sharing rule are not different from the proportional and endogenous sharing rules.
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