@TechReport{iza:izadps:dp1345,
            	author={Lee, Jungmin},
            	title={Prize and Risk-Taking Strategy in Tournaments: Evidence from Professional Poker Players},
            	year={2004},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1345},
            	url={https://www.iza.org/index.php/publications/dp1345},
	abstract={This study examines whether people optimally respond to prize incentives for risk taking in
tournaments. I exploit the television game show World Poker Tour as a natural experiment.
The results show that professional players strategically choose the degree of risk taking
depending on the incentives implied by the prize structure they face. I find that they are more
sensitive to losses than to gains.},
	keywords={risk;tournament;poker},
            }