Are economic agents successful optimizers? An analysis through service strategy in tennis
نویسندگان
چکیده
We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy. We show that top players do not, in general, follow an optimal strategy. The estimated inefficiencies are not large: the inefficiency regarding winning a point on service is on average 1.1% for men and 2.0% for women. Thus, by adopting an efficient service strategy, players can (on average) increase the probability of winning a match by 2.4% for men and 3.2% for women. We use these findings to shed some light on the question whether economic agents are successful optimizers. Corresponding author: Franc J.G.M. Klaassen, Department of Economics, University of Amsterdam, Roetersstraat 11, 1018WBAmsterdam, The Netherlands. Phone: +31-20-525-4191, e-mail: [email protected].
منابع مشابه
The efficiency of top agents: An analysis through service strategy in tennis
We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy. While we show that top players do not, in general, follow an optimal strategy, our principal result is that the estimated inefficiencies are not large: the inefficiency regarding winning a point on service is on average 1.1% for men and 2.0% for women, implying tha...
متن کاملBidding Strategy on Demand Side Using Eligibility Traces Algorithm
Restructuring in the power industry is followed by splitting different parts and creating a competition between purchasing and selling sections. As a consequence, through an active participation in the energy market, the service provider companies and large consumers create a context for overcoming the problems resulted from lack of demand side participation in the market. The most prominent ch...
متن کاملAn analysis of the pro-social behaviors of customers in response to the firms’ service quality
Nowadays, the awareness of service firms’ managers about the crucial role of customers in the success or failure of their business has increased. This has led them to this fact that the best strategy for surviving in the marketplace is encouraging customers’ prosocial behaviors in service delivery process. Reasonably, one of the best strategies to encourage customers toward these behaviors is s...
متن کاملAnalysis of Kinetic Chain Mechanism Affecting Energy Flow in Kick Topspin Tennis Serve in Elite and Amateur Tennis Players
Background. Effective kick-topspin serving in tennis requires power to transfer mechanical energy through a kinematic chain from different parts of the body that is directly related to the kinetics of the joints. Energy flow analysis is a powerful tool for observing the mechanical energy transfer through the body parts. Objectives. This research aimed to study the correlation and predictive ab...
متن کاملService Process Modeling through Simulation and Scenario Development for Insurance Analysis
Insurance companies are among the service organizations, which maintain close relationships with their clients by providing insurance services. Clients are the most important resource for service companies. And profitability of insurance companies undoubtedly hinges on clear analysis of client satisfaction and improved productivity of service providers. An important factor of client satisfactio...
متن کامل