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ERIC Number: EJ877847
Record Type: Journal
Publication Date: 2010
Pages: 19
Abstractor: As Provided
Reference Count: 12
ISBN: N/A
ISSN: ISSN-0022-0485
Teaching Competition in Professional Sports Leagues
Szymanski, Stefan
Journal of Economic Education, v41 n2 p150-168 2010
In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Kesenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author describes a simulation model that can be used in a classroom to demonstrate how competition works in a noncooperative context. More generally, in simulation exercises, students typically gravitate quickly toward the Nash equilibrium, making this a simple and powerful way to introduce them to the concept. The supporting Excel spreadsheet used to conduct the game can be downloaded from the author's personal Web page, http://www.cass.city.ac.uk/faculty/s.szymanski/sports-league-simulation-blank.xls. (Contains 7 tables, 1 figure, and 13 notes.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: Teachers
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Belgium; Switzerland