IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Economic Prediction of Medal Wins at the 2014 Winter Olympics

  • Madeleine Andreff
  • Wladimir Andreff
Registered author(s):

    To the best of our knowledge nobody has attempted to elaborate on an economic model for predicting medal wins at the Winter Olympics so far. This contrasts with Summer Olympics for which about thirty studies have estimated economic determinants of sporting performances (among which Andreff, 2001; Ball, 1972; Clarke, 2000; Grimes et al., 1974; Jiang & Xu, 2005; Levine, 1974; Nevill et al., 2002; Novikov & Maximenko, 1972; Pfau, 2006). Some publications have even provided predictions about medal wins at the next Olympic Games (Bernard, 2008; Bernard & Busse, 2004; Hawksworth, 2008; Johnson & Ali, 2004; Johnson and Ali, 2008; Maennig & Wellebrock, 2008; Wang & Jiang, 2008). Our own model has exactly predicted 70% of medal wins at the 2008 Beijing Olympics and correctly (with a small error margin) 88% of the sporting outcomes at these Games (Andreff et al., 2008 & Andreff, 2010). In this paper, we would take stake of the good predictions achieved with our model for Summer Olympics to adapt it in view of forecasting the distribution of medal wins per nation at the 2014 Sochi Winter Games.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.vse.cz/polek/download.php?jnl=eam&pdf=132.pdf
    Download Restriction: free of charge

    File URL: http://www.vse.cz/eam/132
    Download Restriction: free of charge

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by University of Economics, Prague in its journal Ekonomika a Management.

    Volume (Year): 2011 (2011)
    Issue (Month): 2 ()
    Pages:

    as
    in new window

    Handle: RePEc:prg:jnleam:v:2011:y:2011:i:2:id:132
    Contact details of provider: Postal: nam. W. Churchilla 4, 130 67 Praha 3
    Phone: (02) 24 09 51 11
    Fax: (02) 24 22 06 57
    Web page: http://www.vse.cz/

    More information through EDIRC

    Order Information: Postal: Redakce Ekonomika a management, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
    Web: http://www.vse.cz/eam/ Email:


    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.:

    as in new window
    1. Pfau, Wade Donald, 2006. "Predicting the Medal Wins by Country at the 2006 Winter Olympic Games: An Econometrics Approach," MPRA Paper 18829, University Library of Munich, Germany.
    2. Andrew B. Bernard & Meghan R. Busse, 2004. "Who Wins the Olympic Games: Economic Resources and Medal Totals," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 413-417, February.
    3. Daniel K. N. Johnson & Ayfer Ali, 2004. "A Tale of Two Seasons: Participation and Medal Counts at the Summer and Winter Olympic Games," Social Science Quarterly, Southwestern Social Science Association, vol. 85(4), pages 974-993.
    4. Wolfgang Maennig & Christian Wellbrock, 2008. "Sozio-ökonomische Schätzungen Olympischer Medaillengewinne: Analyse-, Prognose- und Benchmarkmöglichkeiten," Working Papers 020, Chair for Economic Policy, University of Hamburg.
    5. Jiang, Minghua & Xu, Lixin Colin, 2005. "Medals in transition: explaining medal performance and inequality of Chinese provinces," Journal of Comparative Economics, Elsevier, vol. 33(1), pages 158-172, March.
    6. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, vol. 58(2), pages 277-97, April.
    Full references (including those not matched with items on IDEAS)

    This item is featured on the following reading lists or Wikipedia pages:

    1. Discussion:Jeux olympiques d'hiver/Bon article in Wikipedia French ne '')
    2. Jeux olympiques d'hiver in Wikipedia French ne '')

    When requesting a correction, please mention this item's handle: RePEc:prg:jnleam:v:2011:y:2011:i:2:id:132. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vaclav Subrta)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.