Using optimality conditions from the second-service rule and a structural model on tennis data, the paper shows players value process utility positively and systematically trade off outcome probabilities for it.
Sticking to Your Job: Non‑Monetary Incentives and the Employment Relationship
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Process Utility in High-Stakes Competition
Using optimality conditions from the second-service rule and a structural model on tennis data, the paper shows players value process utility positively and systematically trade off outcome probabilities for it.