Is Roger Federer more loss averse than Serena Williams?

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 t...

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Bibliographic Details
Published in:Applied economics 2017-07, Vol.49 (35), p.3546-3559
Main Authors: Anbarci, Nejat, Arin, K. Peren, Okten, Cagla, Zenker, Christina
Format: Article
Language:English
Subjects:
Behavior
Economic analysis
Economic theory
gender
Gender differences
Longitudinal studies
loss-aversion
Losses
panel-data
Professional sports
Prospect theory
Random effects
Tennis
Uncertainty
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Summary: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.
ISSN:0003-6846
1466-4283
DOI:10.1080/00036846.2016.1262527