Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice?

Maxcy J, Wicker P, Prinz J (2019)
Journal of Sports Economics 20(2): 177-197.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor*in
Maxcy, Joel; Wicker, PamelaUniBi; Prinz, Joachim
Abstract / Bemerkung
This study applies prospect theory to an assessment of actual behavior. Loss aversion, reference dependence, and diminishing sensitivity are conceptualized through survey respondents’ perceptions of physical and mental torture during training for and competition in long-distance triathlons. Regression results show that frequent thoughts of giving up during the race negatively affect happiness after the race, while mental torture during training and race is negatively associated with happiness in the weeks after the race. Satisfaction with race outcome positively affects happiness, suggesting that achieving individual goals is more important than absolute performance in terms of finishing times and ranks.
Stichworte
behavioral economics; extreme sports; Ironman; prospect theory
Erscheinungsjahr
2019
Zeitschriftentitel
Journal of Sports Economics
Band
20
Ausgabe
2
Seite(n)
177-197
ISSN
1527-0025
eISSN
1552-7794
Page URI
https://pub.uni-bielefeld.de/record/2942420

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Maxcy J, Wicker P, Prinz J. Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice? Journal of Sports Economics. 2019;20(2):177-197.
Maxcy, J., Wicker, P., & Prinz, J. (2019). Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice? Journal of Sports Economics, 20(2), 177-197. doi:10.1177/1527002518758144
Maxcy, J., Wicker, P., and Prinz, J. (2019). Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice? Journal of Sports Economics 20, 177-197.
Maxcy, J., Wicker, P., & Prinz, J., 2019. Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice? Journal of Sports Economics, 20(2), p 177-197.
J. Maxcy, P. Wicker, and J. Prinz, “Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice?”, Journal of Sports Economics, vol. 20, 2019, pp. 177-197.
Maxcy, J., Wicker, P., Prinz, J.: Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice? Journal of Sports Economics. 20, 177-197 (2019).
Maxcy, Joel, Wicker, Pamela, and Prinz, Joachim. “Happiness as a Reward for Torture: Is Participation in a Long-Distance Triathlon a Rational Choice?”. Journal of Sports Economics 20.2 (2019): 177-197.

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