Sports Economics: Current Research

By John Fizel; Elizabeth Gustafson et al. | Go to book overview

9
Streak Management

Rodney Fort and Robert Rosenman


INTRODUCTION

We are interested in how resources are allocated in the presence of perceived streaks in professional sports. Other works have searched for streak-related inefficiencies in sports betting markets, 1 but we look directly at daily game outcomes in Major League Baseball (MLB) over the 1989 and 1990 seasons. We find that team winning and losing streaks are, by and large, random occurrences. However, there is evidence that some managers may be better than others at extending winning streaks and ending losing streaks (holding win percentage constant, as detailed below) or what we refer to as "streak management." In addition, we find that winning streaks increase attendance while losing streaks negatively impact the gate for baseball teams.

This leads us to wonder whether or not managers might have an incentive to portray themselves as streak managers and allocate talent inefficiently. That some managers, namely, successful streak managers, allocate talent differently than other managers can be consistent with efficient resource use, given our results. However, if all managers act as if they are successful streak managers, there is the potential for misallocation. Our only evidence that this may be occurring is from managerial efficiency analysis. We find that streaks are not managed according to the quality of a given manager's team; streak management strategies that are on net valuable to a winning team may be devastating to a losing team, but some managers practice them regardless of winning record.

We offer no explanation of how some managers may be able to manage streaks. But the scenario that is consistent with our findings is as follows. A given manager sets the pitching rotation and rest intervals for fielders, yielding daily lineups that maximize owner profits. Effective streak management involves a plan that results in wins that occur in streaks (or quickly ended losing streaks). Of course, the costs that must enter

-119-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Sports Economics: Current Research
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 252

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.