The Value of Pole Position in Formula 1 History
Dennis Wesselbaum and
Dorian Owen ()
Australian Economic Review, 2021, vol. 54, issue 1, 164-173
In this article, we study the effect of the Pole Position in Formula 1 history on the outcome of the race. Using data for every race between 1950 and 2013, we use two approaches to quantify the effect of being on Pole. First, we estimate the effect on the probability of winning the race using a logit model. Second, we estimate a Poisson model to express the effect in terms of finishing positions. We find that the Pole sitter does have a significant advantage over the other drivers on the grid: two positions at the finish line or about a 10 percentage point higher probability of winning the race. These estimates capture the effect controlling for various confounding factors and a rich set of fixed effects, including driver ability, track characteristics and constructor performance. We also document that the effect varies over seasons.
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecr:v:54:y:2021:i:1:p:164-173
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-9018
Access Statistics for this article
Australian Economic Review is currently edited by Ross Williams, Ian McDonald and Mark Wooden
More articles in Australian Economic Review from The University of Melbourne, Melbourne Institute of Applied Economic and Social Research Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().