Exploring entertainment utility from football games

Tim Pawlowski, Dooruj Rambaccussing, Philip Ramirez, J Reade and Giambattista Rossi

Journal of Economic Behavior & Organization, 2024, vol. 223, issue C, 185-198

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 protagonists. By analyzing 19 m 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)
Date: 2024
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Working Paper: Exploring Entertainment Utility from Football Games (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:223:y:2024:i:c:p:185-198

DOI: 10.1016/j.jebo.2024.04.018

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