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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Selection Of Risk And Effort Levels Among Low-Stakes Players : A Case Study In Online Poker, Justin Weiss
Selection Of Risk And Effort Levels Among Low-Stakes Players : A Case Study In Online Poker, Justin Weiss
Honors Theses
Firms pay workers using a variety of different pay structures. The structure that governs executive pay in many instances is a tournament pay structure. This paper examines the applicability of a tournament pay structure to lower wage workers by examining the effort and risk responses of players to tournament incentives and the role these responses play in determining the tournament’s outcome. Players from 19 different tournaments are observed on a hand by hand basis. It is found that players adjust effort and risk taking levels but only in response to certain incentives. This study finds evidence that tournaments are a …
An Analysis Of Tuition And Enrollment In Higher Education : Measuring Price Elasticity, Adam C. Wright
An Analysis Of Tuition And Enrollment In Higher Education : Measuring Price Elasticity, Adam C. Wright
Honors Theses
The hierarchical nature of higher education, in which schools compete in small enclaves for the best students, and competition for higher rankings among private, non-profit liberal arts colleges has prompted some schools to drastically increase their tuition in order to correspond with the price changes of rival institutions. Since top liberal arts schools operate with sizable excess demand for enrollment spots, significant tuition alterations generally do not affect the quantity of enrolled students at these schools. However, the extent to which increases in tuition affect the quality of enrolled students has not been thoroughly examined. This study directly analyzes the …