Submitted by: Submitted by csy48715
Views: 31
Words: 1827
Pages: 8
Category: Business and Industry
Date Submitted: 03/14/2015 02:22 AM
1. SUMMARY
The main objective of the paper is to compare the professional athletes to non-athletes on subjective time discounting (time preference).
The subjective time discount rate is a measure of the amount an individual is willing to receive in time to come, compared to the amount an individual receives in the present. In other words, the longer an individual willing to wait, the lower the subjective time discount rate of this individual.
Many studies had found unique psychological characteristics of professional athletes compared to non-athletes. Hence, the group of professional athletes is used as a subject to be studied in this paper as the professional athletes are unique in term of “win-at-all-costs” competitive approach and this approach divides the professional athletes form then non-athletes.
The paper argues that the professional athletes are more present-oriented attribute to the win-at-all-cost approach. Besides that, the athletes with win-orientation are prone to win-at-all cost whereas the athletes with play-orientation are more enjoying the sport and not focusing only on winning.
To measure subjective time discounting rate for delaying receipt and delaying payment, the participants will asked to state an amount they willing to take in order to delay the receipt of a payment and the amount they willing to pay in order to delay a payment. To control the data, the win-orientation, play orientation and risk-seeking for the group of athletes and non-athletes will be measured.
2. EMPIRICAL STRATEGY AND DATA
2.1 What is the dependent variable?
Subjective time discounting
2.2 What is the key independent variable?
Win-orientation, play orientation and risk seeking of professional athletes and non-athletes
2.3 What is the proposed model?
Multivariate Regression analysis
2.4 What are the control variables that the original paper addresses?
Win-orientation; play orientation; risk seeking
2.5 How big is the...