Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2018-11-05
Number: 18-082/V
Author-Name: Lucas M. Besters
Author-Email: lucas.besters@rabobank.nl
Author-Workplace-Name: Rabobank
Author-Name: Jan (J.C.) van Ours
Author-Email: vanours@ese.eur.nl
Author-Workplace-Name: Erasmus School of Economics
Author-Name: Martin A. van Tuijl
Author-Email: m.a.vantuijl@tilburguniversity.edu
Author-Workplace-Name: Tilburg University
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.
Classification-JEL: Z20; L83; D12
Keywords: Stadium attendance; Professional football; Outcome uncertainty; Loss aversion; Play-offs
File-URL: https://papers.tinbergen.nl/18082.pdf
File-Format: application/pdf
File-Size: 492411 bytes
Handle: RePEc:tin:wpaper:20180082