Abstract
We study a best-of-two contest with two homogeneous players (teams). The winner is the player who wins in both stages. In the case of one victory for each team, a draw determines the identity of the winner. Each team has a value of winning the contest as well as a value of winning a single game. A team's value of winning a game at its home field is higher than its value of winning a game away from home. We show that if winning in the first stage provides a psychological advantage in the second stage, each team would prefer to play the second stage at its home field.
| Original language | English |
|---|---|
| Pages (from-to) | 85-100 |
| Number of pages | 16 |
| Journal | Theory and Decision |
| Volume | 75 |
| Issue number | 1 |
| DOIs | |
| State | Published - 1 Jul 2013 |
Keywords
- All-pay contests
- Best-of-two contests
- Winner-take-all contests
ASJC Scopus subject areas
- General Decision Sciences
- Developmental and Educational Psychology
- Arts and Humanities (miscellaneous)
- Applied Psychology
- General Social Sciences
- General Economics, Econometrics and Finance
- Computer Science Applications