Regression to the mean and football wagers

Bibliographic Data

ID12166707
AuthorsMarcus Lee (0009-0009-2426-7205, Pomona College), Gary Smith (0000-0002-5173-2741, Pomona College, corresponding author)
Year2002
Volume15
Issue4
Pages329-342
Publication date2002-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Behavioral Decision Making (JOURNAL)
Journal identifiersISSN: 0894-3257 • E-ISSN: 1099-0771
PublisherWiley (PUBLISHER • GB)
DOI10.1002/bdm.418
OpenAlexW2074406792
LanguageEN
Citations received3
References cited16

Football performances are an imperfect measure of abilities, and consequently exaggerate differences in abilities. The skills of those football teams that perform the best and the worst are not really that far from average; thus their future performances regress to the mean. Betting data indicate that gamblers do not fully account for this regression. Copyright © 2002 John Wiley & Sons, Ltd

College football · Data mining · Econometrics · Economics · Football · Imperfect · Linguistics · Measure (data warehouse · Political science · Regression · Regression analysis · Regression toward the mean · Statistics · Computer Science · Gambling Behavior and Treatments · Law · Mathematics · Psychology · Sports Analytics and Performance · Statistics Education and Methodologies

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