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http://hdl.handle.net/10419/37372
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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.: | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Formation and Performance of Teams F12-V4 |
| 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: | | M50 M52 M12 |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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