Impact of playoffs on seasonal uncertainty in Czech ice hockey Extraliga
AbstractIn the top Czech ice hockey competition “Extraliga”, 14 geographically close teams compete during a regular season in a pure round-robin tournament. However, the eventual champion is determined in the additional playoff stage; the regular season just decides which teams qualify for the playoffs and how these teams are seeded. This paper uses a Monte Carlo simulation to show that although the additional playoff stage heavily favors higher-seeded teams and consists of a lot of matches, it lowers the probability of the best team becoming a champion and thus increases seasonal uncertainty.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44608.
Date of creation: 27 Feb 2013
Date of revision:
seasonal uncertainty; Monte Carlo; ice hockey; tournament design;
Find related papers by JEL classification:
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
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