Is Roger Federer more loss averse than Serena Williams?

Document Type

Article

Source of Publication

Applied Economics

Publication Date

7-27-2017

Abstract

© 2016 Informa UK Limited, trading as Taylor & Francis Group. Using data from the high-stakes 2013 Dubai professional tennis tournament, we find that, compared with a tied score, (i) male players have a higher serve speed and thus exhibit more effort when behind in score, and their serve speeds get less sensitive to losses or gains when score difference gets too large, and (ii) female players do not change their serve speed when behind, while serving slower when ahead. Thus, male players comply more with Prospect Theory exhibiting more loss aversion and reflection effect. Our results are robust to controlling for player fixed effects and characteristics with player random effects.

ISSN

0003-6846

Publisher

Routledge

Volume

49

Issue

35

First Page

3546

Last Page

3559

Disciplines

Business

Keywords

gender, loss-aversion, panel-data, Uncertainty

Scopus ID

85003989004

Indexed in Scopus

yes

Open Access

yes

Open Access Type

Green: A manuscript of this publication is openly available in a repository

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