Which of the following would best reduce ability risk in tournaments?
A) excluding players with low ability from contesting in tournaments
B) creating strong incentive for effort in tournaments
C) enhancing the rewards for players in tournaments
D) structuring tournaments so that rewards are closely tied to effort

Question

Quizplus · Accepted Answer

Structuring tournaments so that rewards are closely tied to effort would best reduce ability risk. This incentivizes players to put in effort even if they have lower ability levels, as they can still earn rewards based on their performance rather than just their inherent ability. Excluding players with low ability would not necessarily reduce risk, as it may exclude potential contenders who could still perform well with effort. Similarly, enhancing rewards or creating strong incentives for effort without tying them closely to performance could still lead to ability risk.

Which of the Following Would Best Reduce Ability Risk in Tournaments