ORCID Identifiers
Document Type
Article
Source of Publication
Journal of Economic Behavior and Organization
Publication Date
9-1-2018
Abstract
© 2017 We provide further evidence for the existence of loss aversion in a high-stakes context: professional tennis. Our contribution to the literature is threefold: (1) We provide a theoretical framework as a basis of our investigation, (2) we test the predictions of our model by using a novel dataset for both male and female players from the Dubai Tennis Championships 2013 that not only includes the serve speed but also the serve location, and (3) we employ semiparametric Additive Mixed Models to include smooth one-, two- and three-dimensional interaction effects for modelling the serve speed and placement. Our results show that when behind in score players put more effort into the serve than when they are ahead. We also document that players take more risks in the final. Finally, we detect remarkable gender differences with respect to the incidence of loss aversion within a game versus within a set.
DOI Link
ISSN
Publisher
Elsevier B.V.
Volume
153
First Page
1
Last Page
18
Disciplines
Business
Keywords
Loss aversion, Risk aversion, Semiparametric methods, Tennis
Scopus ID
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Anbarci, Nejat; Arin, K. Peren; Kuhlenkasper, Torben; and Zenker, Christina, "Revisiting loss aversion: Evidence from professional tennis" (2018). All Works. 2974.
https://zuscholars.zu.ac.ae/works/2974
Indexed in Scopus
yes
Open Access
yes
Open Access Type
Green: A manuscript of this publication is openly available in a repository