To be at the tail of the lions or the head of the foxes?

Agents seeking an opportunity for profit often have to compete with others who pursue the same opportunity. When having to choose between a number of opportunities differing in their value and if individuals differ in their chances of outperforming others, the choice can be cognitively and emotionally demanding. We explore choice between opportunities using stylized Lions–Foxes games. In such a game, each of three players, with different odds of beating others, has to choose one of two contests that offer different rewards. After game theoretically analyzing the games, which we have experimentally employed, we report four experiments that vary in choice elicitation (repeated play or strategy method), in players' matching (random strangers or partners) and in rewards. Regarding contest choices, we found the choice of the higher value (and seemingly more prestigious) contest to be positively related to winning odds, contrary to what four out of the five (mixed, partially mixed, or pure) equilibria predict. Participants started out rather optimistic, with a large majority choosing the higher value option, but with experience, they approached the only viable of two pure strategy equilibria. Still, mixing continued via reacting to past play and outcome, apparently balancing dissatisfaction from choosing either contest.     

On a Pedestal—Sport as an Arena for Admiration

ABSTRACT

In philosophical analyses of the value of sport, a relatively unheralded feature is the opportunity that sport offers for admiration. While we readily salute many of the things that people admire (the amazing catch, the sensational comeback), we do not sufficiently appreciate that admiration itself is a positive good that is beneficial to the admirer. At a time when much in the world around us seems distinctly unadmirable and when admiration itself is often dismissed as naïve, athletic achievements and the qualities that propel them present palpable counter-evidence to our darker conclusions. Shining a spotlight on sports’ displays of human beings doing difficult things can pay healthy dividends, as admiration fuels aspiration.

The paper proceeds in four stages. It first explains what admiration is and then identifies the kinds of things that sport distinctly offers, to admire. The heart of it demonstrates the value of athletic admiration, tracing how this contributes to a flourishing life in three principal ways: through the role-modeling that it offers, the action that it encourages and the feelings that it fosters. Finally, the paper considers four possible objections, which serves both to clarify and to fortify its central contention.