Motivation. Economics + Behavioral + Data (lots of it)

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Transcription:

Motivation Unconventional thinking has payoffs Challenges conventional wisdom Understand where it comes from Apply rigorous analysis to find (hidden) truths Economics + Behavioral + Data (lots of it)

Goals Test conventional thinking and clichés Deconstruct sports myths Are they true? If so, why? If not, why do they exist? Discover other hidden forces New perspective on old ideas; new ideas Settle some bar fights,... but probably start many more.

Home Field Advantage Indisputably it exists For all sports At all times in history In all geographies Why does it exist? Not for the reasons you might think. First, the facts...

Source: Sports Illustrated, Jan. 17, 2011 What s Really Behind Home Field Advantage? by Tobias J. Moskowitz and L. Jon Wertheim

Source: Sports Illustrated, Jan. 17, 2011 What s Really Behind Home Field Advantage? by Tobias J. Moskowitz and L. Jon Wertheim

Source: Sports Illustrated, Jan. 17, 2011 What s Really Behind Home Field Advantage? by Tobias J. Moskowitz and L. Jon Wertheim

Source: Sports Illustrated, Jan. 17, 2011 What s Really Behind Home Field Advantage? by Tobias J. Moskowitz and L. Jon Wertheim

Source: Sports Illustrated, Jan. 17, 2011 What s Really Behind Home Field Advantage? by Tobias J. Moskowitz and L. Jon Wertheim

Source: Sports Illustrated, Jan. 17, 2011 What s Really Behind Home Field Advantage? by Tobias J. Moskowitz and L. Jon Wertheim

WHY?

Home Field Advantage Some facts to remember: 1. Exists in every sport 2. Different across sports (soccer vs. baseball) 3. Same for a given sport no matter where played 4. Stable over time (same as 100 years ago)

Myth #1: Crowd Support How do you test for crowd effects exclusively? Free throw shooting in the NBA Shootouts in the NHL Punters/kickers, QB s in the NFL Pitchers and batters in MLB If not much effect in these situations, how much impact could it have generally?

Myth #2: Travel Fatigue What happens when two teams from the same (or nearby) city play each other? What happens when two teams from vast distances play each other? U.S. vs. Canada? Advantage is same as it was 100 years ago In soccer, no difference in advantage for vast vs. miniscule countries

Myth #3: Schedule Bias Road teams (in the NBA and NHL) play tougher schedules than home teams More back to back games More games concentrated in short time span NCAA But scheduling accounts for < 1/5 of HFA And, it does not affect NFL, MLB, or soccer

Myth #4: Home Familiarity Are teams built to take advantage of their unique home field characteristics? Cold vs. tropical weather teams in the NFL Hitter and Pitcher ballparks in MLB NBA or NHL? Baseball has largest stadium differences, yet lowest home field advantage What about dark arts and sabotage?

The Real Reason Behind HFA Referee bias toward the home team How do you identify this? Need to examine something controlled by referees but not influenced by players Extra injury time in soccer Also, red and yellow cards, fouls, free kicks

The Real Reason Behind HFA Strike ball calls by umpires in MLB Home batter and pitcher favoritism Crucial vs. inconsequential situations Umpire monitoring technology (QuesTec) Over a season visitors get 516 more strike outs and 195 fewer walks on the same pitches

The Real Reason Behind HFA July 3, 2009 Cubs vs. Brewers... At Wrigley

The Real Reason Behind HFA July 3, 2009 Cubs vs. Brewers... At Wrigley

The Real Reason Behind HFA NFL: penalties, yards/penalty, turnovers Instant replay challenge (1999) NBA: fouls, turnovers, violations Subjective calls: travelling, offensive fouls Objective calls: shot clock violations NHL: same pattern Subjective calls vs. objective calls Remember shootout results?

Why Do Referees Favor the Home Team? No conspiracy, but psychology Social influence Humans conform to group opinion because of: 1. Social pressure 2. Seeking information from the group Referees see things the way the crowd does Stoppage time from social pressure Uncertain calls from information

Behavioral Explanation If true, then effects should be larger 1. The more ambiguous the call 2. The larger and more relevant the crowd Both are true HFA in every sport much larger in most attended games and insignificant in least attended (controlling for team quality)

Still Not Convinced? Psychology experiment with real soccer referees and video taped matches Italian soccer league experiment

What About the Facts We Started With? 1. Exists in every sport referees in every sport are human 2. Different across sports referees have bigger impact in some sports than others 3. Same for a given sport role of referee is the same no matter where played 4. Hasn t changed over time role of referee has been fairly constant

Broader Implications Social influence is powerful Corporate boards Business meetings Industry standards/convention Mutual fund and analyst herding Personnel decisions Even, possibly, the global financial meltdown

Other Topics Challenging convention Does defense win championships? Is there an I in Team? The myth of momentum and the hot hand Discovering new territory Swallowing the whistle Steroid vs. recreational drug use The Chicago Cubs futility?

Conclusions Challenging the status quo, and testing it Seeking alternative views and perspectives Applying critical thinking... Will reveal the truth, which often lies hidden Sports are no exception