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Are 18 Holes Enough for Tiger Woods?
Author(s) -
Gürtler Oliver
Publication year - 2006
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.0307-3378.2006.00244.x
Subject(s) - tournament , promotion (chess) , ask price , selection (genetic algorithm) , economics , tiger , reduction (mathematics) , microeconomics , marketing , business , computer science , finance , political science , law , computer security , artificial intelligence , mathematics , geometry , combinatorics , politics
This article addresses the selection problem in promotion tournaments. I consider a situation with heterogeneous employees and ask whether an employer might be interested in repeating a promotion tournament. On the one hand, this yields a reduction in uncertainty over the employees’ abilities. On the other hand, there are costs if a workplace stays vacant.