Myths and Facts about Football: The Economics and Psychology of the World’s Greatest Sport
This book presents accounts of economic and psychological analyses of association football (or “soccer” as it is popularly known in the USA). As football is widely accepted to be the world’s most popular sport, the case for scientific investigation of its characteristics is self-evident. As the contributions to this book demonstrate, the game of football offers an ideal opportunity to empirically investigate a wide range of broad issues, for example: behavioural decision-making; judgmental forecasting; motivation; game-theoretic models of strategic choice; competition and labour markets.
Are teams more likely to concede a goal after having just scored? Does the team going first in a penalty shoot-out have an advantage? Should goal-keepers dive or stay put for penalty kicks? Do referees make decisions consistently? Why do fans like their teams? What factors influence the career of footballers? How well can experts predict football matches? How accurate are prediction markets? How does the stock-market react to match outcomes? These questions and others are addressed in this book. A particular focus is the investigation of popular conceptions—and misconceptions—about football.
Of interest to psychologists, behavioural economists and football enthusiasts with an analytic approach to understanding the game, this book brings together contributions from a range of academic disciplines and will stimulate further research into football and the intriguing insights into behaviour it offers.
See feature article in The Independent, October 8th, 2008:
Listen to interview with Patric Andersson on Swedish National Radio
Read Chris Charles’s blog on BBC website:
Patric Andersson is associate professor of business administration at the Stockholm School of Economics, where he also received his Ph.D. in economic psychology. His main research interest concerns decision-making, expert judgement, judgmental forecasting, and behavioural finance. Dr. Andersson has published numerous articles in peer-reviewed journals.
Peter Ayton is professor of psychology at City University, London. His research is focused on the psychology of human judgment and decision making—particularly under conditions of risk and uncertainty. His previously edited volumes include ‘Subjective Probability’ and ‘Judgmental Forecasting’.
Carsten Schmidt is post-doctoral researcher at the University of Mannheim and heads the experimental laboratory at Sonderforschungsbereich 504. He holds a doctoral degree in economics and information systems from Humboldt University Berlin. Dr. Schmidt conducts research on behavioural and experimental economics and electronic market design and has published numerous articles in peer-reviewed journals.
“The book . . . draws together academic research from around the world, taking to task widely held notions about the beautiful game. By subjecting what happens in football to scientific and mathematical tests, economists and psychologists argue that ‘football phenomena’ are indeed provable.”
—Nick Harris, The Independent, October 8th 2008
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