nep-spo New Economics Papers
on Sports and Economics
Issue of 2022‒12‒05
four papers chosen by
Humberto Barreto
DePauw University

  1. Separating the crowds: Examining home and away attendances at football matches By Brad Humphreys; J. James Reade; Dominik Schreyer; Carl Singleton
  2. Gambling on Momentum By Marius \"Otting; Christian Deutscher; Carl Singleton; Luca De Angelis
  3. Olympic projects to leverage collaborative sport policies. The case of the partnership between the French cycling federation and Saint-Quentin-en-Yvelines community. By Clément Lopez; Mathieu Djaballah; Dominique Charrier
  4. Is running a marathon like running a business? Identifying occupational differences in overconfidence using long-distance running data. By Hayk Amirkhanyan; Michał Krawczyk; Maciej Wilamowski

  1. By: Brad Humphreys (Department of Economics, College of Business and Economics, West Virginia University); J. James Reade (Department of Economics, University of Reading); Dominik Schreyer (Wissenschaftliche Hochschule für Unternehmensführung (WHU)); Carl Singleton (Department of Economics, University of Reading)
    Abstract: The number of people consuming sporting events has long interested economists. Although imperfect, it is a measure of the demand for a ‘peculiar’ type of good or service — the sporting event. It also provides some measure of the social pressure on individuals performing. That pressure can be supportive, but it can also contribute to negative outcomes like choking on the part of performers. The extent to which a crowd is supportive or otherwise, however, is not always clear. In this paper we introduce a novel dataset detailing reported numbers of away fans at matches in England over recent years. We spend time characterising the dataset, and considering potential uses for it. We find evidence suggestive of different preferences for home and away fans; public holidays are a much stronger driver for away fan attendance, as is a team’s league position. For away fans, whether or not the team remains in contention for end-of-season prizes matters much more than for home fans, and away fans are attracted by the novelty of a fixture more than home fans. We find some evidence that the expected number of away fans may have a small impact on match outcomes.
    Keywords: Sport, home advantage, attendance, demand
    JEL: Z2 R42 D91
    Date: 2022–11–19
  2. By: Marius \"Otting; Christian Deutscher; Carl Singleton; Luca De Angelis
    Abstract: Sports betting markets are proven real-world laboratories to test theories of asset pricing anomalies and risky behaviour. Using a high-frequency dataset provided directly by a major bookmaker, containing the odds and amounts staked throughout German Bundesliga football matches, we test for evidence of momentum in the betting and pricing behaviour after equalising goals. We find that bettors see value in teams that have the apparent momentum, staking about 40% more on them than teams that just conceded an equaliser. Still, there is no evidence that such perceived momentum matters on average for match outcomes or is associated with the bookmaker offering favourable odds. We also confirm that betting on the apparent momentum would lead to substantial losses for bettors.
    Date: 2022–11
  3. By: Clément Lopez (Université Paris-Saclay); Mathieu Djaballah (Université Paris-Saclay); Dominique Charrier (Université Paris-Saclay)
    Abstract: This article questions the leveraging effect of Olympic bids in kind of collaborative governance, by articulating federal-local interests. It is based on a case study of the collaborative relation between the Saint-Quentin-en-Yvelines Agglomeration Community and the French cycling federation from 2000 to 2020. The contribution retraces the local collaboration process in a specific context: first showing the role the 2012 Olympic bid played in the implementation of a federal-local partnership, 2nd explaining in which extent the 2024 Olympic bid has been used to foster the structuration of this partnership. This work uses Kingdon' streams theory to put in light the capacity of Olympic bids to open up ‘policy windows' for the implementation of collaborative sport policies.
    Abstract: Le présent article interroge la capacité des candidatures olympiques à créer les conditions de l'articulation entre les politiques sportives fédérales et locales. Il s'appuie sur un cas d'étude portant sur la relation entre Saint-Quentin-en-Yvelines (un territoire intercommunal situé à 20 kilomètres de Paris) et la Fédération française de cyclisme entre 2000 et 2020. La contribution retrace le processus de collaboration entre ces deux organisations dans les contextes de candidature parisienne aux Jeux Olympiques et Paralympiques de 2012 et de 2024. En s'appuyant sur la force explicative des dynamiques locales, les auteurs mobilisent la théorie des flux de Kingdon (1984) pour souligner le rôle déterminant des candidatures olympiques dans la convergence des flux des problèmes, de la politique et des politiques publiques. Celles-ci favorisent donc l'ouverture de fenêtres d'opportunité vers la mise en place de politiques sportives partenariales.
    Keywords: Jeux Olympiques,cyclisme,gouvernance,politique sportive locale,installations sportives Olympic Games,cycling,governance,local sport policies,sport facilities
    Date: 2022–10–18
  4. By: Hayk Amirkhanyan (University of Warsaw, Faculty of Economic Sciences); Michał Krawczyk (University of Warsaw, Faculty of Economic Sciences); Maciej Wilamowski (University of Warsaw, Faculty of Economic Sciences)
    Abstract: It is often claimed that certain career choices, notably running a business, are associated with excessive confidence in own capabilities. Such a link could partly explain e.g., the surprisingly high number of unsuccessful start-ups. We verify these claims in a sample of marathon runners. We take starting too fast and then slowing down in a marathon race as a proxy for overconfidence. In a sample of over 50 thousand runners, we match marathon pacing data with job titles that are partly reported by the runners themselves and partly identified by us (using runners’ names, years of birth, and places of residence to find their personal web sites, social media profiles etc., whenever possible). We observe that job categories have a significant impact on slowing down (as a proxy for overconfidence), also when we control for observable demographic factors (such as age, gender, place of residence). In particular, entrepreneurs tend to be more overconfident than the general population.
    Keywords: overconfidence, slowdown, occupational differences, gender differences, selection into professions
    JEL: D01 L26 J24 J16
    Date: 2022

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