Role of Regression to the Mean and Loss Aversion in Brazilian Soccer Club Performance - Open Access Library Journal

OALibJ > Vol.6 No.8, August 2019

Role of Regression to the Mean and Loss Aversion in Brazilian Soccer Club Performance ()

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DOI: 10.4236/oalib.1105603 314 Downloads 780 Views

Author(s)

Leon Esquierro, Sergio Da Silva^*

Affiliation(s)

Graduate Program in Economics, Federal University of Santa Catarina, Florianopolis, Brazil.

ABSTRACT

Causal explanations are often favored to explain club performance in soccer tournaments, and the role that luck plays is usually neglected. Here, we consider three recent seasons of the first-division Brazilian soccer league to examine the relative importance to club success of loss aversion (a causal explanation) and regression to the mean (luck). We find that club performance depends on both, and quantify this finding.

KEYWORDS

Soccer, Regression to the Mean, Loss Aversion, Luck

Share and Cite:

Esquierro, L. and Da Silva, S. (2019) Role of Regression to the Mean and Loss Aversion in Brazilian Soccer Club Performance. Open Access Library Journal, 6, 1-10. doi: 10.4236/oalib.1105603.

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