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First In First Win: Evidence on Unfairness of Round-Robin Tournaments in Mega-Events

Listed author(s):
  • Krumer, Alex

    ()

  • Lechner, Michael

    ()

The order of actions in contests may have a significant effect on performance. In this study we examine the role of schedule in round-robin tournaments with sequential games between three and four contestants. Our propensity-score matching estimation, based on soccer FIFA World Cups, UEFA European Championships and Olympic wrestling events, reveals that there is a substantial advantage to the contestant who competes in the first and third matches, which is in line with game-theoretical predictions. Our finding implies that the round-robin structure with sequential games is endogenously unfair, since it systematically favours one of the contestants.

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File URL: http://ux-tauri.unisg.ch/RePEc/usg/econwp/EWP-1611.pdf
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Paper provided by University of St. Gallen, School of Economics and Political Science in its series Economics Working Paper Series with number 1611.

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Length: 24 pages
Date of creation: Jul 2016
Handle: RePEc:usg:econwp:2016:11
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  2. Christos Genakos & Mario Pagliero, 2012. "Interim Rank, Risk Taking, and Performance in Dynamic Tournaments," Journal of Political Economy, University of Chicago Press, vol. 120(4), pages 782-813.
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  5. Bodory, Hugo & Camponovo, Lorenzo & Huber, Martin & Lechner, Michael, 2016. "The Finite Sample Performance of Inference Methods for Propensity Score Matching and Weighting Estimators," IZA Discussion Papers 9706, Institute for the Study of Labor (IZA).
  6. Page, Lionel & Page, Katie, 2010. "Last shall be first: A field study of biases in sequential performance evaluation on the Idol series," Journal of Economic Behavior & Organization, Elsevier, vol. 73(2), pages 186-198, February.
  7. Pettersson-Lidbom, Per & Priks, Mikael, 2010. "Behavior under social pressure: Empty Italian stadiums and referee bias," Economics Letters, Elsevier, vol. 108(2), pages 212-214, August.
  8. González-Díaz, Julio & Gossner, Olivier & Rogers, Brian W., 2012. "Performing best when it matters most: Evidence from professional tennis," Journal of Economic Behavior & Organization, Elsevier, vol. 84(3), pages 767-781.
  9. Genakos, Christos & Pagliero, Mario & Garbi, Eleni, 2015. "When pressure sinks performance: Evidence from diving competitions," Economics Letters, Elsevier, vol. 132(C), pages 5-8.
  10. Guido W. Imbens & Jeffrey M. Wooldridge, 2009. "Recent Developments in the Econometrics of Program Evaluation," Journal of Economic Literature, American Economic Association, vol. 47(1), pages 5-86, March.
  11. Krumer, Alex & Megidish, Reut & Sela, Aner, 2014. "First-Mover Advantage in Round-Robin Tournaments," CEPR Discussion Papers 10274, C.E.P.R. Discussion Papers.
  12. Alex Edmans & Diego García & Øyvind Norli, 2007. "Sports Sentiment and Stock Returns," Journal of Finance, American Finance Association, vol. 62(4), pages 1967-1998, 08.
  13. Scoppa, Vincenzo, 2013. "Fatigue and Team Performance in Soccer: Evidence from the FIFA World Cup and the UEFA European Championship," IZA Discussion Papers 7519, Institute for the Study of Labor (IZA).
  14. Luis Garicano & Ignacio Palacios-Huerta & Canice Prendergast, 2005. "Favoritism Under Social Pressure," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 208-216, May.
  15. Huber, Martin & Lechner, Michael & Wunsch, Conny, 2013. "The performance of estimators based on the propensity score," Journal of Econometrics, Elsevier, vol. 175(1), pages 1-21.
  16. Klaassen F. J G M & Magnus J. R., 2001. "Are Points in Tennis Independent and Identically Distributed? Evidence From a Dynamic Binary Panel Data Model," Journal of the American Statistical Association, American Statistical Association, vol. 96, pages 500-509, June.
  17. 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.
  18. Cohen-Zada, Danny & Krumer, Alex & Shtudiner, Ze'ev, 2017. "Psychological momentum and gender," Journal of Economic Behavior & Organization, Elsevier, vol. 135(C), pages 66-81.
  19. Alex Krumer, 2013. "Best-of-two contests with psychological effects," Theory and Decision, Springer, vol. 75(1), pages 85-100, July.
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