Consistency Or Heroics: Skewness, Performance, And Earnings on the PGA TOUR.
Atlantic Economic Journal 2007, Dec, 35, 4
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Publisher Description
Introduction PGA TOUR professional golfers play in tournaments where the payment structure to the winners is decidedly nonlinear. This payment structure disproportionately rewards superlative performance and brings forth more effort as predicted in the tournament compensation model of Lazear and Rosen (1981) and statistically verified in a couple of papers by Ehrenberg and Bognanno (1990a, 1990b). It also brings about the possibility that some of the hallmarks of the game of golf, namely, consistency and steady play, will be eclipsed by one-time heroics or flash-in-the-pan, "hot hand" performances. (1)
GENRE
Business & Personal Finance
RELEASED
2007
December 1
LANGUAGE
EN
English
LENGTH
17
Pages
PUBLISHER
Atlantic Economic Society
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
261.8
KB
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