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dc.contributor.authorLangen, Martinen_US
dc.contributor.authorKrauskopf, Thomasen_US
dc.description.abstractThis paper examines the mechanisms by which a World Champion is chosen in the For-mula One Championship. Furthermore it is analysed whether there is a best method to do this. For this purpose we will discuss the methods used by the Fédération Internationale de l'Automobile (FIA) since the founding of the World Championship in 1950. We show how the election of a method affects the Formula One contest. We then give insight whether there is a best method to select a World Champion or not. We therefore discuss Arrow's Impossible Theorem with respect to this sports contest. Moreover we simulated several seasons and compared different scoring vectors with respect to indicators that might be important for viewer's demand.en_US
dc.publisherCAWM Münsteren_US
dc.relation.ispartofseriesCAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster 39en_US
dc.subject.keywordSocial Choiceen_US
dc.subject.keywordAggregation rulesen_US
dc.subject.keywordFormula Oneen_US
dc.titleThe election of a world championen_US
dc.typeWorking Paperen_US
Appears in Collections:CAWM Discussion Papers, Universität Münster

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