Optimal Bonus Points in the Australian Football League
Liam Lenten and
Niven Winchester
No 903, Working Papers from University of Otago, Department of Economics
Abstract:
Bonus point systems are a popular tournament design feature in some sports. We consider a bonus point system for the Australian Football League (AFL). In this paper, we utilise league points as a measure of team strength in a prediction model and choose the allocation of points to maximise prediction accuracy. For AFL data extending over seasons 1997-2008, we determine a bonus points system that does a better job at revealing strong teams than the current allocation of league points. We conclude that there is considerable scope for the introduction bonus points to improve tournament design in the AFL.
Keywords: Sport; Predictions; Estimation; Tournament Design (search for similar items in EconPapers)
JEL-codes: C61 L83 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2009-03, Revised 2009-03
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http://www.otago.ac.nz/economics/research/otago077119.pdf First version, 2009 (application/pdf)
Related works:
Journal Article: Optimal Bonus Points in the Australian Football League (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:otg:wpaper:0903
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