Overconfidence vs. Market Efficiency in the National Football League
Author
Abstract
Suggested Citation
Note: AP CF LS
Download full text from publisher
References listed on IDEAS
- Thaler, Richard H, 1988. "Anomalies: The Winner's Curse," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 191-202, Winter.
- Camerer, Colin F. & Weber, Roberto A., 1999.
"The econometrics and behavioral economics of escalation of commitment: a re-examination of Staw and Hoang's NBA data,"
Journal of Economic Behavior & Organization, Elsevier, vol. 39(1), pages 59-82, May.
- Camerer, Colin F. & Weber, Roberto A., 1998. "The Econometrics and Behavioral Economics of Escalation of Commitment: A Re-examination of Staw and Hoang's NBA Data," Working Papers 1043, California Institute of Technology, Division of the Humanities and Social Sciences.
- Michael A. Leeds & Sandra Kowalewski, 2001. "Winner Take All in the NFL," Journal of Sports Economics, , vol. 2(3), pages 244-256, August.
- Lawrence M. Kahn, 1992. "The Effects of Race on Professional Football Players' Compensation," ILR Review, Cornell University, ILR School, vol. 45(2), pages 295-310, January.
- De Bondt, Werner F M & Thaler, Richard, 1985. "Does the Stock Market Overreact?," Journal of Finance, American Finance Association, vol. 40(3), pages 793-805, July.
- Kagel, John H. & Levin, Dan, 1986. "The Winner's Curse and Public Information in Common Value Auctions," American Economic Review, American Economic Association, vol. 76(5), pages 894-920, December.
- John H. Kagel & Colin M. Campbell & Dan Levin, 1999.
"The Winner's Curse and Public Information in Common Value Auctions: Reply,"
American Economic Review, American Economic Association, vol. 89(1), pages 325-334, March.
- Kagel, John H & Levin, Dan, 1991. "The Winner's Curse and Public Information in Common Value Auctions: Reply," American Economic Review, American Economic Association, vol. 81(1), pages 362-369, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jeff Borland & Mark Chicu & Robert D. Macdonald, 2009. "Do Teams Always Lose to Win? Performance Incentives and the Player Draft in the Australian Football League," Journal of Sports Economics, , vol. 10(5), pages 451-484, October.
- Kevin G. Quinn & Melissa Geier & Anne Berkovitz, 2007. "Passing on Success? Productivity Outcomes for Quarterbacks Chosen in the 1999-2004 National Football League Player Entry Drafts," IASE Conference Papers 0711, International Association of Sports Economists.
- Boulier, Bryan L. & Stekler, H.O. & Coburn, Jason & Rankins, Timothy, 2010.
"Evaluating National Football League draft choices: The passing game,"
International Journal of Forecasting, Elsevier, vol. 26(3), pages 589-605, July.
- Bryan L. Boulier & Herman O. Stekler & Jason Coburn & Timothy Rankins, 2009. "Evaluating National Football League Draft Choices: The Passing Game," Working Papers 2009-003, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
- David Berri & Rob Simmons, 2011. "Catching a draft: on the process of selecting quarterbacks in the National Football League amateur draft," Journal of Productivity Analysis, Springer, vol. 35(1), pages 37-49, February.
- Borghesi, Richard, 2008. "Allocation of scarce resources: Insight from the NFL salary cap," Journal of Economics and Business, Elsevier, vol. 60(6), pages 536-550.
- Daniel Weimar & Pamela Wicker, 2017. "Moneyball Revisited," Journal of Sports Economics, , vol. 18(2), pages 140-161, February.
- Jonathan Meer & Edward Van Wesep, 2007. "A Test of Confidence Enhanced Performance: Evidence from US College Debaters," Discussion Papers 06-042, Stanford Institute for Economic Policy Research.
- David J. Berri & Stacey L. Brook, 2010. "On the Evaluation of the ‘‘Most Important’’ Position in Professional Sports," Journal of Sports Economics, , vol. 11(2), pages 157-171, April.
- Kendall Weir & Stephen Wu, 2014. "Criminal Records and the Labor Market for Professional Athletes," Journal of Sports Economics, , vol. 15(6), pages 617-635, December.
- Mulholland Jason & Jensen Shane T., 2014. "Predicting the draft and career success of tight ends in the National Football League," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 10(4), pages 381-396, December.
- Assia Kamoune & Nafii Ibenrissoul, 2022. "Traditional versus Behavioral Finance Theory [La théorie de la finance traditionnelle contre la théorie de la finance comportementale]," Post-Print hal-03634756, HAL.
- Ohn, Jonathan K. & Bealing, William & Waeger, Dan, 2012. "The Determinants of Annual Earnings for PGA Players Under the New PGA’s FedEx Cup System," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 8(01), pages 1-11, May.
- Borland, Jeff & Lee, Leng & Macdonald, Robert D., 2011. "Escalation effects and the player draft in the AFL," Labour Economics, Elsevier, vol. 18(3), pages 371-380, June.
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.- Cade Massey & Richard H. Thaler, 2013. "The Loser's Curse: Decision Making and Market Efficiency in the National Football League Draft," Management Science, INFORMS, vol. 59(7), pages 1479-1495, July.
- Kräussl, Roman & Mirgorodskaya, Elizaveta, 2016. "The winner's curse on art markets," CFS Working Paper Series 564, Center for Financial Studies (CFS).
- Theo Offerman, 2002.
"Efficiency in Auctions with Private and Common Values: An Experimental Study,"
American Economic Review, American Economic Association, vol. 92(3), pages 625-643, June.
- Jacob K. Goeree & Theo Offerman, 2000. "Efficiency in Auctions with Private and Common Values: An Experimental Study," Virginia Economics Online Papers 347, University of Virginia, Department of Economics.
- Jacob K. Goeree & Theo Offerman, 2000. "Efficiency in Auctions with Private and Common Values: An Experimental Study," Tinbergen Institute Discussion Papers 00-045/1, Tinbergen Institute.
- Cramton, Peter C, 1995.
"Money Out of Thin Air: The Nationwide Narrowband PCS Auction,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 4(2), pages 267-343, Summer.
- Peter Cramton, 1995. "Money Out of Thin Air: The Nationwide Narrowband PCS Auction," Papers of Peter Cramton 95jems, University of Maryland, Department of Economics - Peter Cramton, revised 09 Jun 1998.
- Hendricks, Kenneth & Porter, Robert H & Spady, Richard H, 1989.
"Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions,"
Journal of Law and Economics, University of Chicago Press, vol. 32(2), pages 83-106, October.
- Kenneth Hendricks & Robert H. Porter & Richard H. Spady, 1989. "Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions," Discussion Papers 807, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Tobias Gesche, 2022. "Reference‐price shifts and customer antagonism: Evidence from reviews for online auctions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(3), pages 558-578, August.
- John H. Kagel & Colin M. Campbell & Dan Levin, 1999.
"The Winner's Curse and Public Information in Common Value Auctions: Reply,"
American Economic Review, American Economic Association, vol. 89(1), pages 325-334, March.
- Kagel, John H & Levin, Dan, 1991. "The Winner's Curse and Public Information in Common Value Auctions: Reply," American Economic Review, American Economic Association, vol. 81(1), pages 362-369, March.
- Matthew Roelofs, 2002. "Common Value Auctions with Default: An Experimental Approach," Experimental Economics, Springer;Economic Science Association, vol. 5(3), pages 233-252, December.
- Moser, Johannes, 2018. "Hypothetical thinking and the winner's curse: An experimental investigation," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181506, Verein für Socialpolitik / German Economic Association.
- Lawrence Choo & Todd R. Kaplan & Ro’i Zultan, 2019.
"Information aggregation in Arrow–Debreu markets: an experiment,"
Experimental Economics, Springer;Economic Science Association, vol. 22(3), pages 625-652, September.
- Ro’i Zultan & Todd R. Kaplan & Lawrence Choo, 2018. "Information Aggregation in Arrow-Debreu Markets: An Experiment," Working Papers 1807, Ben-Gurion University of the Negev, Department of Economics.
- Christopher Boyer & B. Brorsen, 2014. "Implications of a Reserve Price in an Agent-Based Common-Value Auction," Computational Economics, Springer;Society for Computational Economics, vol. 43(1), pages 33-51, January.
- Vincent P. Crawford & Nagore Iriberri, 2007.
"Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?,"
Econometrica, Econometric Society, vol. 75(6), pages 1721-1770, November.
- Crawford, Vincent P. & Iriberri, Nagore, 2005. "Level-k Auctions: Can a Non-Equilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?," University of California at San Diego, Economics Working Paper Series qt12586197, Department of Economics, UC San Diego.
- Vincent P. Crawford & Nagore Iriberri, 2006. "Level-k Auctions: Can a Non-Equilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?," Levine's Bibliography 321307000000000256, UCLA Department of Economics.
- Vincent P Crawford & Nagore Iriberri, 2007. "Level-k Auctions: Can a Non-Equilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?," Levine's Bibliography 321307000000001005, UCLA Department of Economics.
- Vincent P. Crawford & Nagore Iriberri, 2005. "Level-k Auctions: Can a Non-Equilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?," Levine's Bibliography 784828000000000604, UCLA Department of Economics.
- Goeree, Jacob K. & Offerman, Theo, 2003. "Winner's curse without overbidding," European Economic Review, Elsevier, vol. 47(4), pages 625-644, August.
- David J. Berri & Brad R. Humphreys & Robert Simmons, 2013. "Valuing the blind side: pay and performance of offensive linemen in the National Football League," Chapters, in: Plácido Rodríguez & Stefan Késenne & Jaume García (ed.), The Econometrics of Sport, chapter 6, pages 99-114, Edward Elgar Publishing.
- GlennW. Harrison & JohnA. List, 2008.
"Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of the Winner's Curse,"
Economic Journal, Royal Economic Society, vol. 118(528), pages 822-843, April.
- Glenn W. Harrison & John A. List, 2008. "Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of the Winner's Curse," Economic Journal, Royal Economic Society, vol. 118(528), pages 822-843, April.
- Glenn W. Harrison & John A. List, 2007. "Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of the Winner's Curse," NBER Working Papers 13072, National Bureau of Economic Research, Inc.
- Glenn Harrison & John List, 2008. "Naturally occurring markets and exogenous laboratory experiments: A case study of the winner's curse," Framed Field Experiments 00266, The Field Experiments Website.
- John Preston & Gerard Whelan & Chris Nash & Mark Wardman, 2000. "The Franchising of Passenger Rail Services in Britain," International Review of Applied Economics, Taylor & Francis Journals, vol. 14(1), pages 99-112.
- Carroll, John S., 1948-, 1990. "Improving negotiators' cognitions," Working papers 3116-90., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Gary Charness & Dan Levin, 2009.
"The Origin of the Winner's Curse: A Laboratory Study,"
American Economic Journal: Microeconomics, American Economic Association, vol. 1(1), pages 207-236, February.
- Gary Charness & Dan Levin, 2005. "The Origin of the Winner’s Curse: A Laboratory Study," Levine's Bibliography 666156000000000602, UCLA Department of Economics.
- Charness, Gary B & Levin, Dan, 2007. "The Origin of the Winner’s Curse: A Laboratory Study," University of California at Santa Barbara, Economics Working Paper Series qt8g88c6ww, Department of Economics, UC Santa Barbara.
- Aner Sela, 2018.
"Reverse Contests,"
Working Papers
1804, Ben-Gurion University of the Negev, Department of Economics.
- Sela, Aner, 2020. "Reverse Contests," CEPR Discussion Papers 14411, C.E.P.R. Discussion Papers.
- Huai-Long Shi & Zhi-Qiang Jiang & Wei-Xing Zhou, 2015.
"Profitability of Contrarian Strategies in the Chinese Stock Market,"
PLOS ONE, Public Library of Science, vol. 10(9), pages 1-22, September.
- Huai-Long Shi & Zhi-Qiang Jiang & Wei-Xing Zhou, 2015. "Profitability of contrarian strategies in the Chinese stock market," Papers 1505.00328, arXiv.org.
More about this item
JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- G1 - Financial Economics - - General Financial Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FIN-2005-04-24 (Finance)
Statistics
Access and download statisticsCorrections
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:nbr:nberwo:11270. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.