Beautiful Game Theory

How Soccer Can Help Economics

Ignacio Palacios-Huerta

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

The first book to use the world's most popular sport to test economic theories and document novel human behavior

A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses soccer to test economic theories and document novel human behavior.

In this brilliant and entertaining book, Ignacio Palacios-Huerta illuminates economics through the world's most popular sport. He offers unique and often startling insights into game theory and microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. He also looks at finance, experimental economics, behavioral economics, and neuroeconomics. Soccer provides rich data sets and environments that shed light on universal economic principles in interesting and useful ways.

Essential reading for students, researchers, and sports enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics.

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Schlagwörter

Electroencephalography, Dummy variable (statistics), Stock market, Employment, Gaussian (software), Experiment, Human subject research, Investment, Microeconomics, Vandalism, Trade-off, Market participant, Game Theory, Randomization, Null hypothesis, Rationality, Racism, Betfair, Estimation, Prendergast, Efficient-market hypothesis, Determinant, Attendance, Customer, Participant, Pearson's chi-squared test, Order book (trading), Suicide attack, Urrutia, Incentive, Reinforcement learning, Trading strategy, Economics, Human behavior, Field experiment, Coefficient, Ethnic group, Deloitte, Statistical significance, Scientist, Experimental economics, Standard deviation, Random sequence, First Book, Decision-making, Marginal cost, Inference, Point system (driving), Neuroimaging, Quantity, Share price, Competition, Covariate, Economist, Test statistic, Psychology, Outcome (game theory), Overreaction, Percentage point, Functional magnetic resonance imaging, Standard error, Probability, Prediction, Zero-Sum Game, Behavioral economics, Matching Pennies, Result, Equating, Percentage, Income