Smart Money in the NCAA Men’s Basketball Tournament
نویسندگان
چکیده
Although bracket pools in the NCAA Men’s Basketball Tournament are a game, practice most players do not compete strategically. Instead, they more likely to choose brackets as though playing lottery. When faced with such unsophisticated opponents, game simplifies finance problem where you must an optimal portfolio of brackets. The that pay highest return modal which higher seeds always picked beat lower until Final Four. multiple brackets, strategy is diversify across possible winners first round We have found both theoretically and empirically enormous returns can be earned this approach.
منابع مشابه
Seed distributions for the NCAA men’s basketball tournament
Bracketology, the art of successfully picking all the winners in the National Collegiate Athletic Association’s (NCAA) annual men’s Division I college basketball championship tournament, has become a favorite national activity. In spite of the challenges and uncertainty faced in this endeavor, patterns exist in how the seeds appear in each round, particularly the later rounds. This paper statis...
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ژورنال
عنوان ژورنال: International journal of economics and finance
سال: 2023
ISSN: ['1916-9728', '1916-971X']
DOI: https://doi.org/10.5539/ijef.v15n8p14