Do Sports Fans Really Value Uncertainty of Outcome? Evidence from the English Premier League
2008; Volume: 3; Issue: 3 Linguagem: Inglês
ISSN
1930-076X
AutoresBabatunde Buraimo, Robert Simmons,
Tópico(s)Sport and Mega-Event Impacts
Resumo: L; After controlling for a number of plausible influences on matchday attendance in the English Premier League, and with appropriate recognition of the censoring problem in stadium capacities, we find clear evidence that an increase in uncertainty of outcome is associated with reduced gate attendance. The conventional uncertainty of outcome hypothesis proposes precisely the opposite effect. We interpret this as suggesting that fans at EPL games, who are predominandy supporters of the home team, prefer to see their team play a much inferior team (and heat that team) rather than attend a game that is predicted to be dose in score. Essentially, home fans prefer to see their team win rather than watch a draw or see the home team defeated.
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