The Optimal Design of Sporting Contests
نویسندگان
چکیده
The idea that Operational Research can be used to optimise the design of a sporting contest or tournament is a novel one. This paper considers a methodology for this purpose. We propose a number of tournament metrics that can be used to measure the success of a sporting contest or tournament, and describe how these metrics may be evaluated for a particular tournament design. Knowledge of these measures can then be used to compare competing designs, such as round robin, pure knockout and hybrids of these designs. We show for example how the design of the tournament influences the outcome uncertainty of the tournament and the number of unimportant matches within the tournament. In this way, where new designs are proposed, the implications of these designs may be explored using within a modelling paradigm. In football (soccer), the UEFA Champions League has adopted a number of designs over its fifty year history; the design of the tournament has been modified principally in response to the changing demands of national league football and television—the paper uses this particular tournament to illustrate the methodology.
منابع مشابه
The Economic Design of Sporting Contests
television viewing of sports events is estimated to be 77 billion hours per year.2 One might add to this several hundreds of millions of hours spent in discussion at the water cooler. Designing an optimal contest is both a matter of significant financial concern for the organizers, participating individuals, and teams, and a matter of consuming personal interest for millions of fans. Not surpri...
متن کاملOptimal crowdsourcing contests
We study the design and approximation of optimal crowdsourcing contests. Crowdsourcing contests can be modeled as all-pay auctions because entrants must exert effort up-front to enter. Unlike all-pay auctions where a usual design objective would be to maximize revenue, in crowdsourcing contests, the principal only benefits from the submission with the highest quality. We give a theory for optim...
متن کاملMarkets for Ideas: Prize Structure, Entry Limits, and the Design of Ideation Contests
Contests are a popular mechanism for the procurement of innovation. In marketing, design, and other creative industries, firms use freelance marketplaces to organize contests and obtain high-quality ideas for ads, new products, and even business strategies from participants. A central question faced by contest sponsors is how to appropriately structure prizes and entry regulations. I develop an...
متن کاملRisk and Risk Aversion Effects in Contests with Contingent Payments
perc.tamu.edu 1 Contests and the influence of their design reach much further than just the sporting world. Firms seeking new products, investors backing competitors, and government agencies in search of design solutions are all examples of different models of contest design found in the marketplace. Those seeking new technology, innovation, design, and investment must select a winner from many...
متن کاملOptimal Design of Crowdsourcing Contests
This paper provides a game theoretic model of a crowdsourcing contest. Special attention is given to the asymptotic behavior of the contest outcome. We show that all significant outcomes of crowdsourcing contests will be determined by contestants in a small neighborhood (core) of the most efficient contestant type; in particular, the asymptotic structure of the crowdsourcing contests is distrib...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2006