IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0289213.html
   My bibliography  Save this article

Measuring the popularity of football players with Google Trends

Author

Listed:
  • Pilar Malagón-Selma
  • Ana Debón
  • Josep Domenech

Abstract

Google Trends is a valuable tool for measuring popularity since it collects a large amount of information related to Google searches. However, Google Trends has been underused by sports analysts. This research proposes a novel method to calculate several popularity indicators for predicting players’ market value. Google Trends was used to calculate six popularity indicators by requesting information about two football players simultaneously and creating popularity layers to compare players of unequal popularity. In addition, as the main idea is to obtain the popularity indicators of all players on the same scale, a cumulative conversion factor was used to rescale these indicators. The results show that the proposed popularity indicators are essential to predicting a player’s market value. In addition, using the proposed popularity indicators decreases the transfer fee prediction error for three different models that are fitted to the data using the multiple linear regression, random forest, and gradient boosting machine methods. The popularity indicator Min, which is a robust reflection of the popularity that represents a player’s popularity during the periods when they are less popular, is the most important popularity indicator, with a significant effect on the market value. This research provides practical guidance for developing and incorporating the proposed indicators, which could be applied in sports analytics and in any study in which popularity is relevant.

Suggested Citation

  • Pilar Malagón-Selma & Ana Debón & Josep Domenech, 2023. "Measuring the popularity of football players with Google Trends," PLOS ONE, Public Library of Science, vol. 18(8), pages 1-21, August.
  • Handle: RePEc:plo:pone00:0289213
    DOI: 10.1371/journal.pone.0289213
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0289213
    Download Restriction: no

    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0289213&type=printable
    Download Restriction: no

    File URL: https://libkey.io/10.1371/journal.pone.0289213?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Coates, Dennis & Parshakov, Petr, 2022. "The wisdom of crowds and transfer market values," European Journal of Operational Research, Elsevier, vol. 301(2), pages 523-534.
    2. Eberhard Feess & Bernd Frick & Gerd Muehlheusser, 2004. "Legal Restrictions on Buyout Fees: Theory and Evidence from German Soccer," Diskussionsschriften dp0411, Universitaet Bern, Departement Volkswirtschaft.
    3. repec:eme:mfppss:mf-04-2020-0213 is not listed on IDEAS
    4. Jose Luis Felipe & Alvaro Fernandez-Luna & Pablo Burillo & Luis Eduardo de la Riva & Javier Sanchez-Sanchez & Jorge Garcia-Unanue, 2020. "Money Talks: Team Variables and Player Positions that Most Influence the Market Value of Professional Male Footballers in Europe," Sustainability, MDPI, vol. 12(9), pages 1-8, May.
    5. McHale, Ian G. & Holmes, Benjamin, 2023. "Estimating transfer fees of professional footballers using advanced performance metrics and machine learning," European Journal of Operational Research, Elsevier, vol. 306(1), pages 389-399.
    6. Pedro Garcia-del-Barrio & Francesc Pujol, 2007. "Hidden monopsony rents in winner-take-all markets-sport and economic contribution of Spanish soccer players," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 57-70.
    7. Roberto Pedace, 2008. "Earnings, Performance, and Nationality Discrimination in a Highly Competitive Labor Market as An Analysis of the English Professional Soccer League," Journal of Sports Economics, , vol. 9(2), pages 115-140, April.
    8. James Mead & Anthony O’Hare & Paul McMenemy, 2023. "Expected goals in football: Improving model performance and demonstrating value," PLOS ONE, Public Library of Science, vol. 18(4), pages 1-29, April.
    9. Friedman, Jerome H., 2002. "Stochastic gradient boosting," Computational Statistics & Data Analysis, Elsevier, vol. 38(4), pages 367-378, February.
    10. Herm, Steffen & Callsen-Bracker, Hans-Markus & Kreis, Henning, 2014. "When the crowd evaluates soccer players’ market values: Accuracy and evaluation attributes of an online community," Sport Management Review, Elsevier, vol. 17(4), pages 484-492.
    11. Bernd Frick, 2007. "The Football Players' Labor Market: Empirical Evidence From The Major European Leagues," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 422-446, July.
    12. Steffen Herm & Hans-Markus Callsen-Bracker & Henning Kreis, 2014. "When the crowd evaluates soccer players’ market values: Accuracy and evaluation attributes of an online community," Sport Management Review, Taylor & Francis Journals, vol. 17(4), pages 484-492, October.
    13. Ron Johnston & Kelvyn Jones & David Manley, 2018. "Confounding and collinearity in regression analysis: a cautionary tale and an alternative procedure, illustrated by studies of British voting behaviour," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(4), pages 1957-1976, July.
    14. Richau, Lukas & Follert, Florian & Frenger, Monika & Emrich, Eike, 2021. "The Rainmaker?! The impact of investors on transfer fees in the English Premier League," Working Paper 187/2021, Helmut Schmidt University, Hamburg.
    15. Müller, Oliver & Simons, Alexander & Weinmann, Markus, 2017. "Beyond crowd judgments: Data-driven estimation of market value in association football," European Journal of Operational Research, Elsevier, vol. 263(2), pages 611-624.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maxence Franceschi & Jean‐François Brocard & Florian Follert & Jean‐Jacques Gouguet, 2024. "Football players in light of economic value theory: Critical review and conceptualisation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(2), pages 896-920, March.
    2. Martin Užík & Roman Warias & Jozef Glova, 2022. "Management of Transfer Prices in Professional Football as a Function of Fan Numbers," Mathematics, MDPI, vol. 10(16), pages 1-13, August.
    3. Frenger, Monika & Emrich, Eike & Geber, Sebastian & Follert, Florian & Pierdzioch, Christian, 2019. "The influence of performance parameters on market value," Working Papers of the European Institute for Socioeconomics 30, European Institute for Socioeconomics (EIS), Saarbrücken.
    4. Maxence Franceschi & Jean‐François Brocard & Florian Follert & Jean‐Jacques Gouguet, 2024. "Determinants of football players’ valuation: A systematic review," Journal of Economic Surveys, Wiley Blackwell, vol. 38(3), pages 577-600, July.
    5. Nicolas Scelles & Saeed Khanmoradi, 2023. "Impact of Market Value, Roster Size, Arrivals and Departures on Performance in Iranian Men’s Football," Sustainability, MDPI, vol. 15(13), pages 1-19, June.
    6. Francesca Pancotto & Giorgio Addessi & Nicola Auteri, 2024. "Soccer Bubble: Is There a Speculative Bubble in the Price of International Soccer Players?," Journal of Sports Economics, , vol. 25(5), pages 535-556, June.
    7. McHale, Ian G. & Holmes, Benjamin, 2023. "Estimating transfer fees of professional footballers using advanced performance metrics and machine learning," European Journal of Operational Research, Elsevier, vol. 306(1), pages 389-399.
    8. Lukas Richau & Florian Follert & Monika Frenger & Eike Emrich, 2021. "The sky is the limit?! Evaluating the existence of a speculative bubble in European football," Journal of Business Economics, Springer, vol. 91(6), pages 765-796, August.
    9. Richau, Lukas & Follert, Florian & Frenger, Monika & Emrich, Eike, 2021. "The Rainmaker?! The impact of investors on transfer fees in the English Premier League," Working Paper 187/2021, Helmut Schmidt University, Hamburg.
    10. Marco Di Domizio & Raul Caruso & Bernd Frick, 2020. "Intelligenza Collettiva E Valore Di Mercato Dei Calciatori: Il Caso Transfermarkt," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 16(2), pages 155-172, novembre.
    11. Chunyang Huang & Shaoliang Zhang, 2023. "Explainable artificial intelligence model for identifying Market Value in Professional Soccer Players," Papers 2311.04599, arXiv.org, revised Nov 2023.
    12. Maribel Serna Rodríguez & Andrés Ramírez Hassan & Alexander Coad, 2019. "Uncovering Value Drivers of High Performance Soccer Players," Journal of Sports Economics, , vol. 20(6), pages 819-849, August.
    13. Craig A. Depken & Tomislav Globan, 2021. "Football transfer fee premiums and Europe's big five," Southern Economic Journal, John Wiley & Sons, vol. 87(3), pages 889-908, January.
    14. Tommy Quansah & Bernd Frick & Markus Lang & Kieran Maguire, 2021. "The Importance of Club Revenues for Player Salaries and Transfer Expenses—How Does the Coronavirus Outbreak (COVID-19) Impact the English Premier League?," Sustainability, MDPI, vol. 13(9), pages 1-22, May.
    15. Jose Luis Felipe & Alvaro Fernandez-Luna & Pablo Burillo & Luis Eduardo de la Riva & Javier Sanchez-Sanchez & Jorge Garcia-Unanue, 2020. "Money Talks: Team Variables and Player Positions that Most Influence the Market Value of Professional Male Footballers in Europe," Sustainability, MDPI, vol. 12(9), pages 1-8, May.
    16. Ackermann, Phil & Follert, Florian, 2018. "Einige bewertungstheoretische Anmerkungen zur Marktwertanalyse der Plattform transfermarkt.de," Working Papers of the European Institute for Socioeconomics 23, European Institute for Socioeconomics (EIS), Saarbrücken.
    17. Coates, Dennis & Parshakov, Petr, 2022. "The wisdom of crowds and transfer market values," European Journal of Operational Research, Elsevier, vol. 301(2), pages 523-534.
    18. Müller, Oliver & Simons, Alexander & Weinmann, Markus, 2017. "Beyond crowd judgments: Data-driven estimation of market value in association football," European Journal of Operational Research, Elsevier, vol. 263(2), pages 611-624.
    19. Rafael Kujo Monteiro & Rodolfo Coelho Prates & Leonardo Matsuno Frota, 2023. "The determinants of player transfers in Brazil: the role of expectations in the football market," Applied Economics, Taylor & Francis Journals, vol. 55(26), pages 2964-2977, June.
    20. Giovanni Bernardo & Massimo Ruberti & Roberto Verona, 2022. "Image is everything! Professional football players' visibility and wages: evidence from the Italian Serie A," Applied Economics, Taylor & Francis Journals, vol. 54(5), pages 595-614, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0289213. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.