How outcome uncertainty, loss aversion and team quality affect stadium attendance in Dutch professional football

L.M. Besters; J.C. van Ours; Martin van Tuijl

doi:10.1016/j.joep.2019.03.002

How outcome uncertainty, loss aversion and team quality affect stadium attendance in Dutch professional football

L.M. Besters, J.C. van Ours, Martin van Tuijl

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

We investigate stadium attendance in the highest level of Dutch professional football for the seasons 2000/01–2015/16 focusing on outcome uncertainty, loss aversion and team quality. We find that for individual football matches, attendance is related to reference-dependent preferences with loss aversion dominating the preference for uncertain outcomes. Furthermore, team quality is an important determinant of stadium attendance. Towards the end of the season, outcome uncertainty regarding the final ranking becomes important. For this seasonal uncertainty, we find a positive and stable, but rather small impact of the introduction of a unique and large end-of-season play-off scheme for the qualification for European football.

Original language	English
Pages (from-to)	117-127
Journal	Journal of Economic Psychology
Volume	72
DOIs	https://doi.org/10.1016/j.joep.2019.03.002
Publication status	Published - Jun 2019

Keywords

stadium attendance
professional football
outcome uncertainty
loss aversion
play-offs

Access to Document

10.1016/j.joep.2019.03.002

Fingerprint Dive into the research topics of 'How outcome uncertainty, loss aversion and team quality affect stadium attendance in Dutch professional football'. Together they form a unique fingerprint.

Cite this

@article{c1b8b779d49f4ebe94a41b31c74c3fd1,

title = "How outcome uncertainty, loss aversion and team quality affect stadium attendance in Dutch professional football",

abstract = "We investigate stadium attendance in the highest level of Dutch professional football for the seasons 2000/01–2015/16 focusing on outcome uncertainty, loss aversion and team quality. We find that for individual football matches, attendance is related to reference-dependent preferences with loss aversion dominating the preference for uncertain outcomes. Furthermore, team quality is an important determinant of stadium attendance. Towards the end of the season, outcome uncertainty regarding the final ranking becomes important. For this seasonal uncertainty, we find a positive and stable, but rather small impact of the introduction of a unique and large end-of-season play-off scheme for the qualification for European football.",

keywords = "stadium attendance, professional football, outcome uncertainty, loss aversion, play-offs",

author = "L.M. Besters and {van Ours}, J.C. and {van Tuijl}, Martin",

year = "2019",

month = jun,

doi = "10.1016/j.joep.2019.03.002",

language = "English",

volume = "72",

pages = "117--127",

journal = "Journal of Economic Psychology",

issn = "0167-4870",

publisher = "Elsevier Science BV",

}

TY - JOUR

T1 - How outcome uncertainty, loss aversion and team quality affect stadium attendance in Dutch professional football

AU - Besters, L.M.

AU - van Ours, J.C.

AU - van Tuijl, Martin

PY - 2019/6

Y1 - 2019/6

N2 - We investigate stadium attendance in the highest level of Dutch professional football for the seasons 2000/01–2015/16 focusing on outcome uncertainty, loss aversion and team quality. We find that for individual football matches, attendance is related to reference-dependent preferences with loss aversion dominating the preference for uncertain outcomes. Furthermore, team quality is an important determinant of stadium attendance. Towards the end of the season, outcome uncertainty regarding the final ranking becomes important. For this seasonal uncertainty, we find a positive and stable, but rather small impact of the introduction of a unique and large end-of-season play-off scheme for the qualification for European football.

AB - We investigate stadium attendance in the highest level of Dutch professional football for the seasons 2000/01–2015/16 focusing on outcome uncertainty, loss aversion and team quality. We find that for individual football matches, attendance is related to reference-dependent preferences with loss aversion dominating the preference for uncertain outcomes. Furthermore, team quality is an important determinant of stadium attendance. Towards the end of the season, outcome uncertainty regarding the final ranking becomes important. For this seasonal uncertainty, we find a positive and stable, but rather small impact of the introduction of a unique and large end-of-season play-off scheme for the qualification for European football.

KW - stadium attendance

KW - professional football

KW - outcome uncertainty

KW - loss aversion

KW - play-offs

U2 - 10.1016/j.joep.2019.03.002

DO - 10.1016/j.joep.2019.03.002

M3 - Article

VL - 72

SP - 117

EP - 127

JO - Journal of Economic Psychology

JF - Journal of Economic Psychology

SN - 0167-4870

ER -