Exploring Entertainment Utility from Football Games

Tim Pawlowski, Dooruj Rambaccussing, Philip Ramirez (), James Reade () and Giambattista Rossi ()
Additional contact information
Philip Ramirez: Department of Economics, University of Reading
James Reade: Department of Economics, University of Reading
Giambattista Rossi: Birkbeck University of London

No em-dp2023-13, Economics Discussion Papers from Department of Economics, University of Reading

Abstract: Previous research exploring the role of belief dynamics for consumers in the entertainment industry has largely ignored the fact that emotional reactions are a function of the content and a consumer’s disposition towards certain participants involved in an event. By analyzing 19m tweets in combination with in-play information for 380 football matches played in the English Premier League we contribute to the literature in three ways. First, we present a setting for testing how belief dynamics drive behavior which is characterized by several desirable features for empirical research. Second, we present an approach for detecting fans and haters of a club as well as neutrals via sentiment revealed in Tweets. Third, by looking at behavioral responses to the temporal resolution of uncertainty during a game, we offer a fine-grained empirical test for the popular uncertainty-of-outcome hypothesis in sports.

Keywords: suspense; surprise; entertainment utility; football; tweets (search for similar items in EconPapers)
JEL-codes: C10 D91 L83 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2023-08-04
New Economics Papers: this item is included in nep-cul and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Exploring entertainment utility from football games (2024)
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