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The mass media, the football supporters and other experts in many countries are often engaged in the ranking of football players. Given the heterogeneity of various leagues or series in which players play, such a comparison is almost impossible. On the other hand, the performance of players in...
Persistent link: https://www.econbiz.de/10005621767
Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...
Persistent link: https://www.econbiz.de/10010325775
This paper develops and estimates a model of college basketball teams' search for scoring opportunities, to provide a benchmark of the winning margin distributions that should arise if teams' only goal is to win. I estimate the model's structural parameters using first-half play-by-play data...
Persistent link: https://www.econbiz.de/10012215352
We seek to find the statistical model that most accurately describes empirically observed results in sports. The idea of a transitive relation concerning the team strengths is implemented by imposing a set of constraints on the outcome probabilities. We theoretically investigate the resulting...
Persistent link: https://www.econbiz.de/10010427182
Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...
Persistent link: https://www.econbiz.de/10011374396
We seek to find the statistical model that most accurately describes empirically observed results in sports. The idea of a transitive relation concerning the team strengths is implemented by imposing a set of constraints on the outcome probabilities. We theoretically investigate the resulting...
Persistent link: https://www.econbiz.de/10010403084
Professional poker players' behavior in high-stakes, televised tournaments is significantly more conservative than that prescribed by risk-neutral models of dynamic optimization for decisions to call or fold after final ‘river' bets. Had players adhered to a risk-neutral dynamically-optimal...
Persistent link: https://www.econbiz.de/10013156640
Many dynamic revenue management models divide the sale period into a finite number of periods T and assume, invoking a fine-enough grid of time, that each period sees at most one booking request. These Poisson-type assumptions restrict the variability of the demand in the model, but researchers...
Persistent link: https://www.econbiz.de/10012718133
This paper develops and estimates a model of college basketball teams' search for scoring opportunities, to provide a benchmark of the winning margin distributions that should arise if teams' only goal is to win. I estimate the model's structural parameters using first‐half play‐by‐play...
Persistent link: https://www.econbiz.de/10011994549
The choice network revenue management (RM) model incorporates customer purchase behavior as customers purchasing products with certain probabilities that are a function of the offered assortment of products, and is the appropriate model for airline and hotel network revenue management, dynamic...
Persistent link: https://www.econbiz.de/10010849604