Game Outcome Uncertainty and Television Audience Demand: New Evidence from German Football

2018 ◽  
Vol 19 (2) ◽  
pp. 140-161 ◽  
Author(s):  
◽  
Benno Torgler ◽  
Sascha L. Schmidt
Keyword(s):  
Decision Making ◽  
Economic Literature ◽  
Game Outcome ◽  
European Football ◽  
Knockout Tournament ◽  
Television Audience ◽  
New Evidence ◽  
Uncertainty Of Outcome

Abstract Despite its prominence in the economic literature, our knowledge regarding the role of game outcome uncertainty (GOU) in spectator decision-making is fairly limited. Even worse, studies testing the uncertainty of outcome hypothesis (UOH) by exploring TV demand for European football have further intensified the original ambiguity. In this paper, we revisit the role of GOU in spectator decision-making by testing the UOH with regard to two different sporting products: (1) domestic league and (2) knockout tournament games. Analyzing TV demand for almost 1,500 German football games, we find support for the UOH in league, though not in knockout tournament games.

Ambiguity Aversion and Portfolio Choice in Small-Scale Peruvian Farming

2011 ◽  
Vol 11 (1) ◽  
Author(s):  
James C. Engle Warnick ◽  
Javier Escobal ◽  
Sonia C. Laszlo
Keyword(s):  
Decision Making ◽  
Risk Aversion ◽  
Portfolio Choice ◽  
New Technologies ◽  
Ambiguity Aversion ◽  
Small Scale ◽  
Main Crop ◽  
On Farm ◽  
New Evidence

Abstract While the effect of risk aversion on farmers' decision-making has long been documented, far less is known about the effect of ambiguity aversion. We argue that ambiguity aversion is just as relevant to their decision-making process because they are uncertain about the yield distributions generated by new technologies. By experimentally measuring risk and ambiguity aversion in rural Peru, we provide new evidence on the role of ambiguity aversion on farm decisions in developing countries: ambiguity aversion, not risk aversion, reduces the likelihood that farmers plant more than one variety of their main crop.

scholarly journals Dopamine Modulation of Intertemporal Decision-making: Evidence from Parkinson Disease

2016 ◽  
Vol 28 (5) ◽  
pp. 657-667 ◽  
Author(s):  
Karin Foerde ◽  
Bernd Figner ◽  
Bradley B. Doll ◽  
Isabel C. Woyke ◽  
Erin Kendall Braun ◽  
...  
Keyword(s):  
Decision Making ◽  
Parkinson Disease ◽  
Intertemporal Choice ◽  
Dopamine Depletion ◽  
Choice Problem ◽  
Sensitivity To Reward ◽  
Intertemporal Decisions ◽  
New Evidence ◽  
Dopamine Modulation

Choosing between smaller prompt rewards and larger later rewards is a common choice problem, and studies widely agree that frontostriatal circuits heavily innervated by dopamine are centrally involved. Understanding how dopamine modulates intertemporal choice has important implications for neurobiological models and for understanding the mechanisms underlying maladaptive decision-making. However, the specific role of dopamine in intertemporal decisions is not well understood. Dopamine may play a role in multiple aspects of intertemporal choices—the valuation of choice outcomes and sensitivity to reward delays. To assess the role of dopamine in intertemporal decisions, we tested Parkinson disease patients who suffer from dopamine depletion in the striatum, in either high (on medication, PDON) or low (off medication, PDOFF) dopaminergic states. Compared with both PDOFF and healthy controls, PDON made more farsighted choices and reduced their valuations less as a function of increasing time to reward. Furthermore, reduced discounting in the high dopaminergic state was robust across multiple measures, providing new evidence for dopamine's role in making decisions about the future.

scholarly journals Game Outcome Uncertainty in the English Premier League

2016 ◽  
Vol 19 (5) ◽  
pp. 625-644 ◽  
Author(s):  
Dominik Schreyer ◽  
Sascha L. Schmidt ◽  
Benno Torgler
Keyword(s):  
Positive Relation ◽  
Male And Female ◽  
Premier League ◽  
Game Outcome ◽  
Marketing Activities ◽  
Uncertainty Of Outcome ◽  
English Premier League

Despite the increasing internationalization of marketing activities by professional sporting clubs, previous research exploring the role of game outcome uncertainty (GOU) in spectator demand has been exclusively conducted within national contexts. As a consequence, very little is known about the preferences of international television (TV) spectators watching games from abroad. Hence, this study analyzes all 571 English Premier League (EPL) games broadcast in Germany between the seasons 2011-2012 and 2015-2016 in order to explore whether TV demand for transnational football games is affected by GOU. In line with the prominent uncertainty of outcome hypothesis, the results of this analysis reveal a significant and positive relation between German EPL demand and GOU. This result, however, is not consistent for male and female spectators.

Elaborating the role of reflection and individual differences in the study of folk-economic beliefs

2018 ◽  
Vol 41 ◽  
Author(s):  
Kevin Arceneaux
Keyword(s):  
Decision Making ◽  
Individual Differences ◽  
Cognitive Processes ◽  
Evolutionary History ◽  
Behavioral Responses ◽  
History Of ◽  
Economic Beliefs

AbstractIntuitions guide decision-making, and looking to the evolutionary history of humans illuminates why some behavioral responses are more intuitive than others. Yet a place remains for cognitive processes to second-guess intuitive responses – that is, to be reflective – and individual differences abound in automatic, intuitive processing as well.

The Role of Shared Decision-Making in Audiologic Rehabilitation

2014 ◽  
Vol 21 (1) ◽  
pp. 15-23 ◽  
Author(s):  
Helen Pryce ◽  
Amanda Hall
Keyword(s):  
Decision Making ◽  
Shared Decision Making ◽  
Behavior Changes ◽  
Shared Decision ◽  
Patient Centered ◽  
Treatment Information ◽  
Centered Care ◽  
Potential Risks ◽  
Audiologic Rehabilitation

Shared decision-making (SDM), a component of patient-centered care, is the process in which the clinician and patient both participate in decision-making about treatment; information is shared between the parties and both agree with the decision. Shared decision-making is appropriate for health care conditions in which there is more than one evidence-based treatment or management option that have different benefits and risks. The patient's involvement ensures that the decisions regarding treatment are sensitive to the patient's values and preferences. Audiologic rehabilitation requires substantial behavior changes on the part of patients and includes benefits to their communication as well as compromises and potential risks. This article identifies the importance of shared decision-making in audiologic rehabilitation and the changes required to implement it effectively.

Role of development on youth decision-making and recovery from gender-affirming surgery.

2019 ◽  
Vol 7 (3) ◽  
pp. 312-321
Author(s):  
Jessica M. Bernacki ◽  
Amy K. Weimer
Keyword(s):  
Decision Making
Sign in / Sign up

Export Citation Format

Share Document