Loss aversion can make coming in second place feel disappointing, while coming in third can be seen as a positive outcome because it avoids the disappointment of not achieving the goal.
Where exactly does the money the country earns for competing/winning go? Does each country determine what the money is utilized for, or is it slated for certain uses only? Do individual players get money?
It really comes down to the the individual nations on how much they want to pay the players from the prize money they receive. Some are much more generous than others.
Where exactly does the money the country earns for competing/winning go? Does each country determine what the money is utilized for, or is it slated for certain uses only? Do individual players get money?
It really comes down to the the individual nations on how much they want to pay the players from the prize money they receive. Some are much more generous than others.