An empirical test of tournament theory: the Senior PGA Tour
2000; Emerald Publishing Limited; Volume: 26; Issue: 7 Linguagem: Inglês
10.1108/03074350010766765
ISSN1758-7743
AutoresMichael R. Melton, Thomas S. Zorn,
Tópico(s)Decision-Making and Behavioral Economics
ResumoUsing data from the Senior PGA Tours we analyze the incentive effects of rank order tournaments. Previous studies using data from the PGA Tour reached conflicting conclusions. To resolve the issue, the Senior PGA Tour was chosen for its unique format where players are not cut from the tournament before completion, eliminating any survival bias. The findings support the hypothesis that the level of prizes in Senior PGA tournaments influences players’ performance, indicating that tournaments can be used to motivate performance.
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