Limitations of the relative standard deviation of win percentages for measuring competitive balance in sports leagues
AbstractThe relative standard deviation of win percentages, widely used to measure competitive balance, has an upper bound which varies with the numbers of teams and games played. Accounting for this upper bound provides additional insights into competitive balance comparisons.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 109 (2010)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
Competitive balance Relative standard deviation Idealized standard deviation Sports economics;
Other versions of this item:
- P. Dorian Owen, 2009. "Limitations of the relative standard deviation of win percentages for measuring competitive balance in sports leagues," Working Papers 0908, University of Otago, Department of Economics, revised Mar 2010.
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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- repec:qut:auncer:2013_04 is not listed on IDEAS
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