ORCID Identifiers

0000-0002-6991-2468

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.

ISSN

0167-2681

Publisher

Elsevier B.V.

Volume

153

First Page

1

Last Page

18

Disciplines

Business

Keywords

Loss aversion, Risk aversion, Semiparametric methods, Tennis

Scopus ID

85049957602

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Indexed in Scopus

yes

Open Access

yes

Open Access Type

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

Included in

Business Commons

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