A review on risk-taking in tournaments

Abstract

Purpose

This paper aims to summarize antecedents and consequences of risk-taking in tournaments and show the development of tournament optimization considering risk-taking. Moreover, further expansion expectations related to antecedents and consequences of risk-taking in tournaments and tournament optimization considering risk-taking are discussed.

Design/methodology/approach

A comprehensive bibliographic retrieval and further literature review and systematics re-organization are used to build the framework with respect to risk-taking in tournaments. Then, qualitative analysis is used to present conclusions of existing research.

Findings

By summarizing various antecedents, different consequences and tournament optimizations with regard to risk-taking in tournaments of existing research, the authors present a series of research opportunities regarding risk-taking in tournaments that can propel the advancement of tournament theory.

Originality/value

The studies on risk-taking in tournament have been recently received wide attention and are growing vigorously. Based on the summary and re-organization, the framework of literature studying risk-taking in tournaments is built. This literature review also helps researchers learn the advance of risk-taking in tournament and provides fruitful direction for future research on this topic.

Citation

Li, Z., Wang, C., Wang, Q. and Luo, B. (2019), "A review on risk-taking in tournaments", Journal of Modelling in Management, Vol. 14 No. 2, pp. 559-568. https://doi.org/10.1108/JM2-09-2018-0145