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The efficiency of top agents: An analysis through service strategy in tennis

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  • Klaassen, Franc J.G.M.
  • Magnus, Jan R.

Abstract

We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy. While we show that top players do not, in general, follow an optimal strategy, our principal result is that the estimated inefficiencies are not large: the inefficiency regarding winning a point on service is on average 1.1% for men and 2.0% for women, implying that-by adopting an efficient service strategy-players can (on average) increase the probability of winning a match by 2.4%-points for men and 3.2%-points for women. While the inefficiencies may seem small, the financial consequences for the efficient player at Wimbledon can be substantial: the expected paycheck could rise by 18.7% for men and even by 32.8% for women. We use these findings to shed some light on the question of whether economic agents are successful optimizers.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Econometrics.

Volume (Year): 148 (2009)
Issue (Month): 1 (January)
Pages: 72-85

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Handle: RePEc:eee:econom:v:148:y:2009:i:1:p:72-85

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Web page: http://www.elsevier.com/locate/jeconom

Related research

Keywords: Inefficiency Frontier Optimal strategy Tennis;

References

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Cited by:
  1. Legge, Stefan & Schmid, Lukas, 2013. "Rankings, Random Successes, and Individual Performance," Economics Working Paper Series 1340, University of St. Gallen, School of Economics and Political Science.

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