Publikation: Match madness : Probability matching in the prediction of the NCAA basketball tournament
Dateien
Datum
Autor:innen
Herausgeber:innen
ISSN der Zeitschrift
Electronic ISSN
ISBN
Bibliografische Daten
Verlag
Schriftenreihe
Auflagebezeichnung
URI (zitierfähiger Link)
DOI (zitierfähiger Link)
Internationale Patentnummer
Link zur Lizenz
Angaben zur Forschungsförderung
Projekt
Open Access-Veröffentlichung
Sammlungen
Core Facility der Universität Konstanz
Titel in einer weiteren Sprache
Publikationstyp
Publikationsstatus
Erschienen in
Zusammenfassung
Every year, billions of dollars are spent gambling on the outcomes of the NCAA men s basketball tournament. The current work examines how individuals make predictions for one of the most popular forms of betting, tournament pools, in which individuals must correctly predict as many games in the tournament as possible. We demonstrate that individuals predict more upsets (i.e., wins by a higher-seeded team) than would be considered rational by a normative choice model, and that individuals are no better than chance at doing so. These predictions fit a pattern of probability matching, in which individuals predict upsets at a rate equal to past frequency. This pattern emerges because individuals believe the outcomes of the games are non-random and therefore predictable.
Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
Schlagwörter
Konferenz
Rezension
Zitieren
ISO 690
MCCREA, Sean M., Edward R. HIRT, 2008. Match madness : Probability matching in the prediction of the NCAA basketball tournament. In: Journal of Applied Social Psychology. 2008, 39(12), pp. 2809-2839. ISSN 0021-9029. eISSN 1559-1816. Available under: doi: 10.1111/j.1559-1816.2009.00551.xBibTex
@article{McCrea2008Match-10794, year={2008}, doi={10.1111/j.1559-1816.2009.00551.x}, title={Match madness : Probability matching in the prediction of the NCAA basketball tournament}, number={12}, volume={39}, issn={0021-9029}, journal={Journal of Applied Social Psychology}, pages={2809--2839}, author={McCrea, Sean M. and Hirt, Edward R.} }
RDF
<rdf:RDF xmlns:dcterms="http://purl.org/dc/terms/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:bibo="http://purl.org/ontology/bibo/" xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#" xmlns:foaf="http://xmlns.com/foaf/0.1/" xmlns:void="http://rdfs.org/ns/void#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > <rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/10794"> <dc:contributor>Hirt, Edward R.</dc:contributor> <bibo:uri rdf:resource="http://kops.uni-konstanz.de/handle/123456789/10794"/> <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:22:41Z</dcterms:available> <dc:creator>Hirt, Edward R.</dc:creator> <dc:rights>Attribution-NonCommercial-NoDerivs 2.0 Generic</dc:rights> <dcterms:rights rdf:resource="http://creativecommons.org/licenses/by-nc-nd/2.0/"/> <foaf:homepage rdf:resource="http://localhost:8080/"/> <dcterms:title>Match madness : Probability matching in the prediction of the NCAA basketball tournament</dcterms:title> <dcterms:abstract xml:lang="eng">Every year, billions of dollars are spent gambling on the outcomes of the NCAA men s basketball tournament. The current work examines how individuals make predictions for one of the most popular forms of betting, tournament pools, in which individuals must correctly predict as many games in the tournament as possible. We demonstrate that individuals predict more upsets (i.e., wins by a higher-seeded team) than would be considered rational by a normative choice model, and that individuals are no better than chance at doing so. These predictions fit a pattern of probability matching, in which individuals predict upsets at a rate equal to past frequency. This pattern emerges because individuals believe the outcomes of the games are non-random and therefore predictable.</dcterms:abstract> <dc:language>eng</dc:language> <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/43"/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dc:creator>McCrea, Sean M.</dc:creator> <dcterms:issued>2008</dcterms:issued> <dcterms:hasPart rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/10794/1/Match_madness.pdf"/> <dc:format>application/pdf</dc:format> <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:22:41Z</dc:date> <dc:contributor>McCrea, Sean M.</dc:contributor> <dspace:hasBitstream rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/10794/1/Match_madness.pdf"/> <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/43"/> </rdf:Description> </rdf:RDF>