A comparative study of scoring systems by simulations

László Csató
Authors registered in the RePEc Author Service: László Csató

Journal of Sports Economics, 2023, vol. 24, issue 4, 526-545

Abstract: We study the trade-off between two risks for scoring rules used in sports competitions containing multiple contests: (1) the threat of early clinch when the title is clinched before the last contest(s) of the competition take place; and (2) the danger of winning the competition without finishing first in any contest. Four historical points scoring systems of the Formula One World Championship are compared with the family of geometric scoring rules. The current scheme seems to be a reasonable compromise close to the Pareto frontier. Our results contribute to the issue of choosing an optimal set of point values.

Keywords: competition design; Formula One; OR in sports; rank aggregation; scoring system (search for similar items in EconPapers)
JEL-codes: C44 C63 Z20 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:24:y:2023:i:4:p:526-545

DOI: 10.1177/15270025221134241

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