Should NBA teams that are behind take more 3 point shots?
We empirically explore the relevance of risk taking behavior in tournaments. We make use of data from the NBA season 2007/2008 and measure risk taking by the fraction of three-point shots. Current heterogeneity of teams is taken into account by intermediate results. It turns out that indeed teams who are behind increase the risk in terms of more three-point attempts. We additionally analyze the consequences of this change in behavior. Enhanced risk taking is inefficient for the vast majority of cases and only beneficial in terms of a higher winning probability if a team is behind with a rather large amount of points. We discuss possible explanations for these decision errors.
Source: “Risk Taking Behavior in Tournaments: Evidence from the NBA” from IZA Discussion Paper No. 4812, March 2010
If you’re looking for some good books about sports check out Moneyball and Game of Shadows. Here’s a great book about a sports junkie. For great sports gambling stories, I recommend this book.
Here are a lot of things you didn’t know about sports
Why do pitchers hit batters in baseball?
Does how far away an “away game” is affect how a sports team performs?
How would Babe Ruth fare in baseball today?
Are baseball umpires racist?
Does the system described in “Moneyball” still give teams an edge today?
What would happen if economists were NFL and MLB coaches?
Could a morbidly obese goalie shut out an NHL team?
Are NBA longshots harder to make than under-the-hoop jump shots?
When is the best month of the year to buy NFL tickets?
How much football is in a football game?
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Posted On: August 24, 2010