In cricket, the right to make an important strategic decision is assigned via a coin toss. We utilize these "randomized trials" to examine (a) the consistency of choices made by teams with strictly opposed preferences, and (b) the treatment effects of chosen actions. We find significant evidence of inconsistency, with teams often agreeing on who is to bat first. Estimated treatment effects show that choices are often poorly made since they reduce the probability of the team winning.
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Paper provided by University of Essex, Department of Economics in its series Economics Discussion Papers with number
578.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Luis Garicano & Ignacio Palacios-Huerta & Canice Prendergast, 2001.
"Favoritism Under Social Pressure,"
Working Papers
2001-16, Brown University, Department of Economics.
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