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Notes and Communications “A DECISION THEORY EXAMPLE IN FOOTBALL”: A COMMENT (1986)

Stoughton, Neal M.

Oxford, UK : Blackwell Publishing Ltd

Decision sciences 17 (1986), S. 0

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ISSN: 1540-5915

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: Janssen and Daniel analyzed the choice between a one- or a two-point conversion for a particular game situation in college football. Their decision criteria was maximum expected utility based on a von Neumann-Morgenstern utility function defined over the games outcomes. An alternative approach based on a stochastic dominance criterion is presented that does not rely on knowledge of the relative importance of tying vs. winning; rather, it relies on a notion of consistency in the sequential problem.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1540-5915.1986.tb00235.x

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