The Demand for Major League Baseball: A Test of the Uncertainty of Outcome Hypothesis

Glenn Knowles, Keith Sherony and Mike Haupert

The American Economist, 1992, vol. 36, issue 2, 72-80

Abstract: The relationship between attendance at major league baseball games and the uncertainty of the outcome of each game is examined. We use an a priori measure of uncertainty in estimating the attendance equation. The variable is developed from the betting lines for individual games and measures the probability of a home team victory during the 1988 major league baseball season. The results indicate that uncertainty of outcome is a significant determinant of attendance for major league baseball. In addition, the results are used to determine the probability of a home team victory at which attendance will be maximized.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:36:y:1992:i:2:p:72-80

DOI: 10.1177/056943459203600210

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