NIEPEWNA NIEPEWNOŚĆ – LICZBA WIDZÓW A NIEPEWNOŚĆ WYNIKU MECZU
UNCERTAIN UNCERTAINTY – ATTENDANCE AND UNCERTAINTY OF OUTCOME OF A MATCH
Author(s): Jan MurakSubject(s): Economy, Micro-Economics, Sports Studies, Socio-Economic Research
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: sport; uncertainty; sport economics; attendance;
Summary/Abstract: In this paper we conduct an analysis whether the amount of uncertainty of the outcome affect attendances in team sports. We build the uncertainty of the outcome measure, which use bookmakers odds, and next build an econometric model. Results, which are related with the uncertainty of the outcome, are ambiguous. In the match, that characterizes neither high uncertainty of the outcome nor low uncertainty of the outcome, the attendances is the lowest. From this point of the uncertainty, both an increase and a decrease of uncertainty should influence the attendance raise.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XV/2014
- Issue No: 3
- Page Range: 238-249
- Page Count: 12
- Language: Polish