Abstract
Tournament competitiveness and predictability of outcomes are inversely related. We introduce a new measure of competitiveness or predictability using discrepancies between tennis players' seed values and attained ranks in all rounds of the four Grand Slam Tennis Tournaments (GST). Using data from the Association of Tennis Professionals and Women's Tennis Association, we study gender-differentiated competitiveness or predictability and its dependence on prize money. Men's GST are less predictable and more competitive than women's GST. While competitiveness increases with prize money, the increase for women is significantly larger than for men.
Original language | English |
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Article number | 2050006 |
Journal | Quarterly Journal of Finance |
Volume | 10 |
Issue number | 2 |
DOIs | |
State | Published - 1 Jun 2020 |
Externally published | Yes |
Keywords
- Gender
- competitive balance
- competitiveness
- grand slam tennis tournaments
- predictability
- prize money
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
- Strategy and Management