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What are the odds? A measure of the small sample problems

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  • Kurt Rotthoff
  • Danielle Zanzalari
  • John Jasina

Abstract

Decisions on whether to retain recent hires are often limited by small sample size. We empirically assess whether uncertainty in employee retention decisions could be significantly reduced by increasing sample size. Using a unique data set from professional tennis matches to measure small sample outcomes, we find little difference in giving three chances, relative to five chances, in determining innate ability.

Suggested Citation

  • Kurt Rotthoff & Danielle Zanzalari & John Jasina, 2011. "What are the odds? A measure of the small sample problems," Applied Economics Letters, Taylor & Francis Journals, vol. 18(12), pages 1139-1143.
    • Handle: RePEc:taf:apeclt:v:18:y:2011:i:12:p:1139-1143
    DOI: 10.1080/13504851.2010.526570
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    References listed on IDEAS

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    1. Boulier, Bryan L. & Stekler, H. O., 1999. "Are sports seedings good predictors?: an evaluation," International Journal of Forecasting, Elsevier, vol. 15(1), pages 83-91, February.
    2. Jan Magnus & Franc Klaassen, 1999. "The final set in a tennis match: Four years at Wimbledon," Journal of Applied Statistics, Taylor & Francis Journals, vol. 26(4), pages 461-468.
    3. Guilkey, David K & Salemi, Michael K, 1982. "Small Sample Properties of Three Tests for Granger-Causal Ordering in a Bivariate Stochastic System," The Review of Economics and Statistics, MIT Press, vol. 64(4), pages 668-680, November.
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    5. Julio del Corral, 2009. "Competitive Balance and Match Uncertainty in Grand-Slam Tennis," Journal of Sports Economics, , vol. 10(6), pages 563-581, December.
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    Cited by:

    1. Craig A. Depken II & John M. Gandar & Dmitry A. Shapiro, 2022. "Set-level Strategic and Psychological Momentum in Best-of-three-set Professional Tennis Matches," Journal of Sports Economics, , vol. 23(5), pages 598-623, June.

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