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Silver medal winners – The daily blog of behavioral and cognitive economics

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Silver medal winners – The daily blog of behavioral and cognitive economics

The Olympic Medal That Makes People Mad and Sad

Looking back at the 1912 Olympics, Abel Kiviat (June 23, 1892 – August 24, 1991) said, “I wake up sometimes and say, ‘What the heck happened to me?’ It’s like a nightmare.” He lost the 1,500 meter race by one-tenth of a second:Abel Kiviat responded like many silver medal winners. Silver medal winners tend to be less happy than the athletes who won bronze. In one paper, psychologists used shots of 20 silver and 15 bronze 1992 medal winners. Study participants then rated the expressions on a 1 to 10, agony to ecstasy scale in which 1 is agony and 10 is ecstasy. ….[READ]

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