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http://hdl.handle.net/10419/36061
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| Title: | | Risk taking behavior in tournaments: evidence from the NBA  |
| Authors: | | Grund, Christian Höcker, Jan Zimmermann, Stefan |
| Issue Date: | | 2010 |
| Series/Report no.: | | IZA Discussion Papers 4812 |
| Abstract: | | We empirically explore the relevance of risk taking behavior in tournaments. We make use of data from the NBA season 2007/2008 and measure risk taking by the fraction of three-point shots. Current heterogeneity of teams is taken into account by intermediate results. It turns out that indeed teams who are behind increase the risk in terms of more three-point attempts. We additionally analyze the consequences of this change in behavior. Enhanced risk taking is inefficient for the vast majority of cases and only beneficial in terms of a higher winning probability if a team is behind with a rather large amount of points. We discuss possible explanations for these decision errors. |
| Subjects: | | Basketball NBA risk taking tournaments |
| JEL: | | M5 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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