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Is Roger Federer more loss averse than Serena Williams?

journal contribution
posted on 2017-01-01, 00:00 authored by Nejat AnbarciNejat Anbarci, K P Arin, C Okten, C Zenker
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.

History

Journal

Applied Economics

Volume

49

Issue

35

Pagination

3546 - 3559

Publisher

Taylor & Francis (Routledge)

Location

London, Eng.

ISSN

0003-6846

eISSN

1466-4283

Language

eng

Publication classification

C Journal article; C1 Refereed article in a scholarly journal

Copyright notice

2016, Informa

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