| Abstract: |
In recent years there has been some dispute over the appropriate way to model
decision-making in professional sports leagues. In particular, Szymanski and
Kesenne (2004), argue that formulating the decision-making problem as a
noncooperative game leads to radically different conclusions about the nature
of competition in sports leagues. This paper describes a simulation model that
van be used in a classroom to demonstrate how competition works in a
noncooperative context. The supporting Excel spreadsheet used to conduct the
game can be downloaded from the author’s personal webpage http://www3.imperial.ac.uk/people/s.szym
anski. |