Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

Home Page
Programme
Papers
Presenters
 
Contact Us
Search this CD-ROM for: View the Latest Programme Information

STRENGTHS OF THE ``WEAKEST LINK''?


Category: Econometrics
HOUSEHOLD BEHAVIOUR II
Tuesday 27th August 2002, 09:30 - 11:00, Room: 4.11
Session Chair(s): Laurent Linnemer, CREST-LEI and University of Lille 2, FRANCE

Presenter(s): Linnemer, Laurent

Co-Author(s): Fevrier, Philippe

Keyword(s): field experiment, game show, vote

JEL(s): C72, C93, D72, D80

Abstract:

The TV show the Weakest Link involves a kind of paradox. To increase the probability of winning, contestants should eliminate the strongest player. However, if it is anticipated, then no one answers and there is nothing to gain. In life, players do answer: does it reveal lack of rationality? We solve a simple game that illustrates the tradeoffs to show that two kinds of equilibria may coexist: equilibria in which players stay mute and entertaining equilibria in which they give good answers whenever they can. Empirically, we study the first wave of the show broadcasted in France. Contestants vote against the weakest link and answer truthfully to the questions. However, they exhibit myopic behavior as they do not use all the available information. A coordination problem arises in the voting game. The mise en scene of the show prevents the contestants from voting against the strongest and thus the show can go on.


View Paper

View PDF File

Filesize: 366 kb
Find this file in the
\Papers\1327\
folder of this CD-ROM.

Latest Details
View this paper in the
online Programme

Customise
Customise your Event Programme to include your favourite papers, and email details of papers to friends and colleagues with the
online Programme


Paper Reference Number: 1327

TOP OF PAGE
HOME
Econometric Society
57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

WebMeets.com Event Management LLP
Congress Home Page: http://www.eea-esem2002.it/
Programme Home Page: http://www.eea-esem.com/EEA-ESEM/ESEM2002/Prog/
Programme and CD generated with WebMeets.com Programme Management Software
Congress Programme Organized by FEEM

This page was created on Tuesday, 9th July 2002 at 19:22 GMT.