HumphreysJSE2002

# HumphreysJSE2002 - Humphreys COMPETITIVEJBALANCE INSPORTS...

This preview shows pages 1–3. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
league with N teams during a period of T seasons. If WPCT i,t is the winning percent- age of team i in season t , and i =1,. .., N indexes teams and t T indexes sea- sons, then the standard deviation of winning percentages for this league is () σ L it t T i N WPCT NT = = = , . 0 500 2 1 1 . σ L has a convenient comparison value based on the dispersion of winning percent- ages in an idealized league where each team is of equal strength; thus, the probabil- ity of winning any particular game is 0.5. The standard deviation of winning per- centages in an idealized league would be σ I G = 0 500 .
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 09/21/2011 for the course ECON 33974 taught by Professor Barbaraross during the Spring '09 term at Hawaii.

### Page1 / 16

HumphreysJSE2002 - Humphreys COMPETITIVEJBALANCE INSPORTS...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online