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Game, set, match and loss aversion in tennis

In: Outcome Uncertainty in Sporting Events

Author

Listed:
  • Mikala Lowrance
  • Jacob Miller
  • Joshua Price

Abstract

Loss aversion predicts that individuals adopt strategies that are more risky when losing and less risky when winning. To test this theory, we build upon work that examined a single tennis tournament and found that male and female tennis players exhibit loss aversion differently. Our data consists of matches played in the four Grand Slam events for both male and female professional tennis. Using this data, we fail to find evidence of behaviour consistent with the predictions of loss aversion for both men and women. We conclude with a discussion as to why that might be the case.

Suggested Citation

  • Mikala Lowrance & Jacob Miller & Joshua Price, 2020. "Game, set, match and loss aversion in tennis," Chapters, in: Plácido Rodríguez & Stefan Kesenne & Brad R. Humphreys (ed.), Outcome Uncertainty in Sporting Events, chapter 4, pages 51-62, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19526_4
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    Keywords

    Economics and Finance;

    Statistics

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