Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis

F.J.G.M. Klaassen, J.R. Magnus

Research output: Working paperDiscussion paperOther research output

209 Downloads (Pure)

Abstract

We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy.We show that top players do not, in general, follow an optimal strategy, and we provide a lower bound of the inefficiency.The inefficiency regarding winning a point on service is on average at least 1.1% for men and 2.0% for women, leading to a possible increase of income for the efficient player of 18.7% for men and 32.8% for women.We use these findings to shed some light on the question whether economic agents are successful optimizers.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages33
Volume2006-52
Publication statusPublished - 2006

Publication series

NameCentER Discussion Paper
Volume2006-52

Fingerprint

Tennis
Economics
Inefficiency
Optimal strategy
Income
Tournament
Service strategy
Lower bounds

Keywords

  • Inefficiency
  • Frontier
  • Optimal strategy
  • Tennis

Cite this

Klaassen, F. J. G. M., & Magnus, J. R. (2006). Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis. (CentER Discussion Paper; Vol. 2006-52). Tilburg: Econometrics.
Klaassen, F.J.G.M. ; Magnus, J.R. / Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis. Tilburg : Econometrics, 2006. (CentER Discussion Paper).
@techreport{73e12d868fe44a8791817aa0e43f7d46,
title = "Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis",
abstract = "We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy.We show that top players do not, in general, follow an optimal strategy, and we provide a lower bound of the inefficiency.The inefficiency regarding winning a point on service is on average at least 1.1{\%} for men and 2.0{\%} for women, leading to a possible increase of income for the efficient player of 18.7{\%} for men and 32.8{\%} for women.We use these findings to shed some light on the question whether economic agents are successful optimizers.",
keywords = "Inefficiency, Frontier, Optimal strategy, Tennis",
author = "F.J.G.M. Klaassen and J.R. Magnus",
note = "Subsequently published in Journal of Econometrics, 2009 (rt) Pagination: 33",
year = "2006",
language = "English",
volume = "2006-52",
series = "CentER Discussion Paper",
publisher = "Econometrics",
type = "WorkingPaper",
institution = "Econometrics",

}

Klaassen, FJGM & Magnus, JR 2006 'Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis' CentER Discussion Paper, vol. 2006-52, Econometrics, Tilburg.

Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis. / Klaassen, F.J.G.M.; Magnus, J.R.

Tilburg : Econometrics, 2006. (CentER Discussion Paper; Vol. 2006-52).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis

AU - Klaassen, F.J.G.M.

AU - Magnus, J.R.

N1 - Subsequently published in Journal of Econometrics, 2009 (rt) Pagination: 33

PY - 2006

Y1 - 2006

N2 - We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy.We show that top players do not, in general, follow an optimal strategy, and we provide a lower bound of the inefficiency.The inefficiency regarding winning a point on service is on average at least 1.1% for men and 2.0% for women, leading to a possible increase of income for the efficient player of 18.7% for men and 32.8% for women.We use these findings to shed some light on the question whether economic agents are successful optimizers.

AB - We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy.We show that top players do not, in general, follow an optimal strategy, and we provide a lower bound of the inefficiency.The inefficiency regarding winning a point on service is on average at least 1.1% for men and 2.0% for women, leading to a possible increase of income for the efficient player of 18.7% for men and 32.8% for women.We use these findings to shed some light on the question whether economic agents are successful optimizers.

KW - Inefficiency

KW - Frontier

KW - Optimal strategy

KW - Tennis

M3 - Discussion paper

VL - 2006-52

T3 - CentER Discussion Paper

BT - Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis

PB - Econometrics

CY - Tilburg

ER -

Klaassen FJGM, Magnus JR. Are Economic Agents Successful Optimizers? An Analysis Through Strategy in Tennis. Tilburg: Econometrics. 2006. (CentER Discussion Paper).