EconPapers    
Economics at your fingertips  
 

Decision-making on the hot seat and the short list: Evidence from college football fourth down decisions

Mark Owens and Michael A. Roach

Journal of Economic Behavior & Organization, 2018, vol. 148, issue C, 301-314

Abstract: This study examines how career considerations influence risky decisions in the labor market for college football head coaches. We use historical data to predict, based on information available prior to the beginning of a given season, whether a coach will be fired or promoted after that season. Indices created from these models are used, along with other relevant data, to analyze the risky decision to attempt a fourth down conversion. We find that decision-making is sensitive to perceived job stability. Coaches who are more likely to be fired become more conservative, attempting fewer fourth down conversions. Conversely, coaches who are more likely to be promoted undertake more risk by attempting to convert more fourth downs. The result is that coaches with less job security are more likely to make decisions that are sub-optimal from the perspective of win-maximization.

Keywords: Loss aversion; Football; Firing; Promotion; Herding; Fourth down (search for similar items in EconPapers)
JEL-codes: D81 D91 Z20 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0167268118300544
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:148:y:2018:i:c:p:301-314

Access Statistics for this article

Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

More articles in Journal of Economic Behavior & Organization from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-10-06
Handle: RePEc:eee:jeborg:v:148:y:2018:i:c:p:301-314