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Dealing with randomness in match outcomes: how to rethink performance evaluation and decision-making in European club football

Author

Listed:
  • Marc Brechot

    (Department of Business Administration, University of Zurich)

  • Raphael Flepp

    (Department of Business Administration, University of Zurich)

Abstract

In European club football, decision-makers often rely on recent match outcomes when evaluating team performance, even though short-term results are heavily influenced by randomness. This can lead to systematic misjudgments and flawed decisions when the random component is sufficiently large. We show that expected goals based on quantified scoring chances provide an evaluation metric that predicts future performance more accurately than do recent match results. Building upon this metric, we develop a chart that compares teams’ official league ranking to their ranking based on expected goals, which can alert decision makers to sensitive situations where a team’s true quality on the pitch is likely to deviate from the performance indicated by match outcomes due to random forces. Thus, incorporating this additional information into decision-making should enable clubs to avoid making poor decisions in certain situations and to improve the overall decision quality in the long run.

Suggested Citation

  • Marc Brechot & Raphael Flepp, 2018. "Dealing with randomness in match outcomes: how to rethink performance evaluation and decision-making in European club football," Working Papers 374, University of Zurich, Department of Business Administration (IBW).
  • Handle: RePEc:zrh:wpaper:374
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    File URL: http://repec.business.uzh.ch/RePEc/zrh/wpaper/374_IBW_full.pdf
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    References listed on IDEAS

    as
    1. Andrew D. Henderson & Michael E. Raynor & Mumtaz Ahmed, 2012. "How long must a firm be great to rule out chance? Benchmarking sustained superior performance without being fooled by randomness," Strategic Management Journal, Wiley Blackwell, vol. 33(4), pages 387-406, April.
    2. Craig Wright & Steve Atkins & Remco Polman & Bryan Jones & Lee Sargeson ., 2011. "Factors Associated with Goals and Goal Scoring Opportunities in Professional Soccer," International Journal of Performance Analysis in Sport, Taylor & Francis Journals, vol. 11(3), pages 438-449, December.
    3. Stefano d’Addona & Axel Kind, 2014. "Forced Manager Turnovers in English Soccer Leagues," Journal of Sports Economics, , vol. 15(2), pages 150-179, April.
    4. de Dios Tena, Juan & Forrest, David, 2007. "Within-season dismissal of football coaches: Statistical analysis of causes and consequences," European Journal of Operational Research, Elsevier, vol. 181(1), pages 362-373, August.
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    Citations

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    Cited by:

    1. Oliver Merz & Raphael Flepp & Egon Franck, 2021. "Underestimating randomness: Outcome bias in betting exchange markets," Working Papers 390, University of Zurich, Department of Business Administration (IBW).
    2. Raphael Flepp & Egon Franck, 2021. "The Performance Effects Of Wise And Unwise Managerial Dismissals," Economic Inquiry, Western Economic Association International, vol. 59(1), pages 186-198, January.
    3. Raphael Flepp & Egon Franck, 2019. "The role of boards' misperceptions in the relation between managerial turnover and performance: Evidence from European football," Working Papers 380, University of Zurich, Department of Business Administration (IBW).
    4. Barry Reilly & Robert Witt, 2021. "The Effect of League Design on Spectator Attendance: A Regression Discontinuity Design Approach," Journal of Sports Economics, , vol. 22(5), pages 514-545, June.
    5. Fernando Manuel Otero-Saborido & Rubén D. Aguado-Méndez & Víctor M. Torreblanca-Martínez & José Antonio González-Jurado, 2021. "Technical-Tactical Performance from Data Providers: A Systematic Review in Regular Football Leagues," Sustainability, MDPI, vol. 13(18), pages 1-15, September.
    6. Philippe Meier & Maximilian Rüdisser & Raphael Flepp & Egon Franck, 2019. "The advantage of scoring just before the halftime break – pure myth? Quasi-experimental evidence from European football," Working Papers 382, University of Zurich, Department of Business Administration (IBW).
    7. Raphael Flepp & Pascal Flurin Meier, 2024. "Struck by Luck: Noisy Capability Cues and CEO Dismissal," Working Papers 389, University of Zurich, Department of Business Administration (IBW).

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    More about this item

    Keywords

    football; expected goals; performance evaluation; decision making;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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