IDEAS home Printed from https://ideas.repec.org/p/cra/wpaper/2021-20.html
   My bibliography  Save this paper

Sport as a Behavioral Economics Lab

Author

Listed:
  • Ho Fai Chan
  • David A. Savage
  • Benno Torgler

Abstract

Sporting events can be seen as controlled, real-world, miniature laboratory environments, approaching the idea of holding other things equal when exploring the implications of decisions, incentives, and constraints in a competitive setting (Goff and To llison 1990, Torgler 2009). Thus, a growing number of studies have used sports data to study decision making questions that have guided behavioural economics literature. Creative application of sports data can offer insights into behavioural aspects with implications beyond just sports. In this chapter, we will discuss the methodological advantages of seeing sport as a behavioural econom ics lab, concentrating on the settings, concepts, biases, and challenging areas. Beyond that, we will discuss que stions that have not yet been analysed, offering ideas for future studies using sports data. We will fu rther reflect on how AI has evolved; focusing, for example, on chess, which provides insights into the mechanism and machinery of decision-making.

Suggested Citation

  • Ho Fai Chan & David A. Savage & Benno Torgler, 2021. "Sport as a Behavioral Economics Lab," CREMA Working Paper Series 2021-20, Center for Research in Economics, Management and the Arts (CREMA).
    • Handle: RePEc:cra:wpaper:2021-20
    as

    Download full text from publisher

    File URL: https://www.crema-research.ch/papers/2021-20.pdf
    File Function: Full Text
    Download Restriction: no
    File URL: https://www.crema-research.ch/abstracts/2021-20.htm
    File Function: Abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert Witt, 2005. "Do Players React To Sanction Changes? Evidence From The English Premier League," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(4), pages 623-640, September.
    2. Benno Torgler, 2021. "The Power of Public Choice in Law and Economics," CREMA Working Paper Series 2021-04, Center for Research in Economics, Management and the Arts (CREMA).
    3. Eric Zitzewitz, 2014. "Does Transparency Reduce Favoritism and Corruption? Evidence From the Reform of Figure Skating Judging," Journal of Sports Economics, , vol. 15(1), pages 3-30, February.
    4. Schwert, G. William, 2003. "Anomalies and market efficiency," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 15, pages 939-974, Elsevier.
    5. Torgler, Benno, 2009. "Economics of Sports: A Note to this Special Issue," Economic Analysis and Policy, Elsevier, vol. 39(3), pages 333-336, December.
    6. Torgler, Benno, 2016. "Can Tax Compliance Research Profit from Biology?," Review of Behavioral Economics, now publishers, vol. 3(1), pages 113-144, April.
    7. Richard H. Thaler & Eric J. Johnson, 1990. "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice," Management Science, INFORMS, vol. 36(6), pages 643-660, June.
    8. Jan C. van Ours & Martin A. van Tuijl, 2016. "In-Season Head-Coach Dismissals And The Performance Of Professional Football Teams," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 591-604, January.
    9. Mattie Toma, 2017. "Missed Shots at the Free-Throw Line," Journal of Sports Economics, , vol. 18(6), pages 539-559, August.
    10. Woolcock, Michael & Narayan, Deepa, 2000. "Social Capital: Implications for Development Theory, Research, and Policy," The World Bank Research Observer, World Bank, vol. 15(2), pages 225-249, August.
    11. Skinner, James & Zakus, Dwight H. & Cowell, Jacqui, 2008. "Development through Sport: Building Social Capital in Disadvantaged Communities," Sport Management Review, Elsevier, vol. 11(3), pages 253-275, November.
    12. Eric Zitzewitz, 2006. "Nationalism in Winter Sports Judging and Its Lessons for Organizational Decision Making," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(1), pages 67-99, March.
    13. James Skinner & Dwight H. Zakus & Jacqui Cowell, 2008. "Development through Sport: Building Social Capital in Disadvantaged Communities," Sport Management Review, Taylor & Francis Journals, vol. 11(3), pages 253-275, September.
    14. Zeelenberg, M. & van Dijk, E. & van den Bos, K. & Pieters, R., 2002. "The inaction effect in the psychology of regret," Other publications TiSEM a29106c0-2319-4f60-b213-8, Tilburg University, School of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carl Singleton & J. James Reade & Dominik Schreyer, 2023. "A decade of violence and empty stadiums in Egypt: when does emotion from the terraces affect behaviour on the pitch?," Empirical Economics, Springer, vol. 65(3), pages 1487-1507, September.
    2. Chan, Ho Fai & Ulrich, Fabian & Altman, Hannah & Schmidt, Sascha L. & Schreyer, Dominik & Torgler, Benno, 2022. "Beyond performance? The importance of subjective and objective physical appearance in award nominations and receptions in football," Journal of Economic Behavior & Organization, Elsevier, vol. 204(C), pages 271-289.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhou, Ran & Kaplanidou, Kyriaki, 2018. "Building social capital from sport event participation: An exploration of the social impacts of participatory sport events on the community," Sport Management Review, Elsevier, vol. 21(5), pages 491-503.
    2. Ali, Maged & Azab, Nahed & Sorour, M. Karim & Dora, Manoj, 2019. "Integration v. polarisation among social media users: Perspectives through social capital theory on the recent Egyptian political landscape," Technological Forecasting and Social Change, Elsevier, vol. 145(C), pages 461-473.
    3. António Osório, 2020. "Performance Evaluation: Subjectivity, Bias and Judgment Style in Sport," Group Decision and Negotiation, Springer, vol. 29(4), pages 655-678, August.
    4. Kuang-Hua Hu & Fu-Hsiang Chen & Gwo-Hshiung Tzeng, 2016. "Evaluating the Improvement of Sustainability of Sports Industry Policy Based on MADM," Sustainability, MDPI, vol. 8(7), pages 1-21, June.
    5. Thomas Dohmen & Jan Sauermann, 2016. "Referee Bias," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 679-695, September.
    6. Hanna Nałęcz & Łukasz Skrok & Dawid Majcherek & Elżbieta Biernat, 2020. "Through Sport to Innovation: Sustainable Socio-Economic Development in European Countries," Sustainability, MDPI, vol. 12(24), pages 1-16, December.
    7. Ying Yan & Abdol Aziz Shahraki, 2023. "Exploring the Mutual Relationships between Public Space and Social Satisfaction with Case Studies," Sustainability, MDPI, vol. 15(9), pages 1-15, May.
    8. Bruening, Jennifer E. & Peachey, Jon Welty & Evanovich, Justin M. & Fuller, Rhema D. & Murty, Cassandra J. Coble & Percy, Vernon E. & Silverstein, Lauren A. & Chung, Michael, 2015. "Managing sport for social change: The effects of intentional design and structure in a sport-based service learning initiative," Sport Management Review, Elsevier, vol. 18(1), pages 69-85.
    9. Bar-Eli, Michael & Krumer, Alex & Morgulev, Elia, 2020. "Ask not what economics can do for sports - Ask what sports can do for economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 89(C).
    10. Jones, Gareth J. & Edwards, Michael B. & Bocarro, Jason N. & Bunds, Kyle S. & Smith, Jordan W., 2018. "Leveraging community sport organizations to promote community capacity: Strategic outcomes, challenges, and theoretical considerations," Sport Management Review, Elsevier, vol. 21(3), pages 279-292.
    11. Lock, Daniel & Filo, Kevin & Kunkel, Thilo & Skinner, James, 2013. "Thinking about the same things differently: Examining perceptions of a non-profit community sport organisation," Sport Management Review, Elsevier, vol. 16(4), pages 438-450.
    12. Seung Pil Lee, 2020. "Sustainable Reciprocity Mechanism of Social Initiatives in Sport: The Mediating Effect of Gratitude," Sustainability, MDPI, vol. 12(21), pages 1-18, November.
    13. Martino Corazza & Jen Dyer, 2017. "A New Model for Inclusive Sports? An Evaluation of Participants’ Experiences of Mixed Ability Rugby," Social Inclusion, Cogitatio Press, vol. 5(2), pages 130-140.
    14. Wegner, Christine E. & King, Ceridwyn & Jordan, Jeremy S., 2020. "The role of organizational membership in overcoming dissonant sport activity identities," Sport Management Review, Elsevier, vol. 23(3), pages 455-468.
    15. Vörös, Tünde, 2017. "Költség-haszon elemzési keretrendszer sportberuházások társadalmi-gazdasági értékeléséhez [An economic framework for cost-benefit analysis of sports facilities]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 394-420.
    16. Schulenkorf, Nico, 2012. "Sustainable community development through sport and events: A conceptual framework for Sport-for-Development projects," Sport Management Review, Elsevier, vol. 15(1), pages 1-12.
    17. Darcy, S. & Maxwell, H. & Edwards, M. & Onyx, J. & Sherker, S., 2014. "More than a sport and volunteer organisation: Investigating social capital development in a sporting organisation," Sport Management Review, Elsevier, vol. 17(4), pages 395-406.
    18. Giovanni Di Bartolomeo & Stefano Papa, 2019. "The Effects of Physical Activity on Social Interactions: The Case of Trust and Trustworthiness," Journal of Sports Economics, , vol. 20(1), pages 50-71, January.
    19. Thomson, Alana & Darcy, Simon & Pearce, Sonya, 2010. "Ganma theory and third-sector sport-development programmes for Aboriginal and Torres Strait Islander youth: Implications for sports management," Sport Management Review, Elsevier, vol. 13(4), pages 313-330, November.
    20. Hickey, Gráinne & McGilloway, Sinead & O’Brien, Morgan & Leckey, Yvonne & Devlin, Maurice, 2015. "A theory-based evaluation of a community-based funding scheme in a disadvantaged suburban city area," Evaluation and Program Planning, Elsevier, vol. 52(C), pages 61-69.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cra:wpaper:2021-20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna-Lea Werlen (email available below). General contact details of provider: https://edirc.repec.org/data/cremach.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.