AJAE Appendix: Tournaments, Fairness, and Risk
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The experimental design of the contracting sessions builds upon BSW and Schotter and Weigelt (SW), and is nearly identical to those of Wu and Roe (WR), and Wu, et. al.
Thus, we will not provide a detailed treatment of the underlying mathematics, and instead refer the reader to (WR), and Wu et. al. Here we will focus on providing the reader with only enough detail to conceptualize the experiments.