Teaching Competition in Professional Sports Leagues

Stefan Szymanski

The Journal of Economic Education, 2010, vol. 41, issue 2, 150-168

Abstract: In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Késenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author describes a simulation model that can be used in a classroom to demonstrate how competition works in a noncooperative context. More generally, in simulation exercises, students typically gravitate quickly toward the Nash equilibrium, making this a simple and powerful way to introduce them to the concept. The supporting Excel spreadsheet used to conduct the game can be downloaded from the author's personal Web page, http://www.cass.city.ac.uk/faculty/s.szymanski/sports -league-simulation-blank.xls .

Date: 2010
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Working Paper: Teaching competition in professional sports leagues (2006)
Working Paper: Teaching competition in professional sports leagues (2006)
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DOI: 10.1080/00220480903382297

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