2012
DOI: 10.1111/j.1465-7295.2012.00499.x
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Incidence and Consequences of Risk‐taking Behavior in Tournaments—evidence From the Nba

Abstract: We empirically explore the relevance and efficiency of risk-taking behavior in tournaments. We use data from the National Basketball Association (NBA) and measure risk-taking by the fraction of three-point shots in basketball games. We examine how point differences between teams during games affect their subsequent risk-taking behavior. It is found that teams that are trailing are more likely to increase their use of three-point shots. We additionally analyze the consequences of this change in behavior. Enhanc… Show more

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Cited by 40 publications
(41 citation statements)
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“…Nonetheless, players do engage in both dissents and sabotage. Deutscher and Schneemann (2017) argue that this self-damaging behaviour could be driven by players perceiving any action as better than inaction, as the latter could be interpreted as giving up by observers (Grund, Höcker, & Zimmermann, 2013). Hence, particularly weaker teams could use sabotage too extensively in order to signal effort.…”
Section: Discussionmentioning
confidence: 99%
“…Nonetheless, players do engage in both dissents and sabotage. Deutscher and Schneemann (2017) argue that this self-damaging behaviour could be driven by players perceiving any action as better than inaction, as the latter could be interpreted as giving up by observers (Grund, Höcker, & Zimmermann, 2013). Hence, particularly weaker teams could use sabotage too extensively in order to signal effort.…”
Section: Discussionmentioning
confidence: 99%
“…Risk taking is widely studied in economics in settings with high uncertainties, among others in sports economics (e.g. Grund et al, 2013;Lehman and Hahn, 2013). Nevertheless, the impact of risk propensity on individual performance remains unresolved.…”
Section: Competitive Preferencesmentioning
confidence: 99%
“…A commission bias refers to a behavior where agents overestimate the benefit of action compared with inaction. As fans and investors might interpret inaction, i.e., the maintaining of the initial play, as a sign of giving up, teams might engage in sabotage to signal to the public that everything is done in order to avert a possible defeat —even though keeping the initial strategy might even be more beneficial (Grund et al , ). Considering the magnitude of the results presented in Table , one can conclude that one extra yellow card per game reduces the total number of points per season by on average 1.7 points.…”
Section: Empirical Analysismentioning
confidence: 99%