Managerial decision making under uncertainty: the case of Twenty20 cricket

Sacheti, Abhinav and Gregory-Smith, Ian and Paton, David (2016) Managerial decision making under uncertainty: the case of Twenty20 cricket. Journal of Sports Economics, 17 (1). pp. 44-63. ISSN 1552-7794

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Abstract

We consider managerial decision making by examining the impact of decisions taken by cricket captains on Twenty20 International (T20I) match outcomes. In particular, we examine whether pressure from external commentators is associated with suboptimal decision making by captains. Using data from over 300 T20I matches, we find little evidence that either winning the toss or choosing to bat first improves the likelihood of winning. Despite this, we find that captains in T20I cricket are significantly more likely to choose to bat rather than bowl after winning the toss, a finding that is consistent with social pressure constraining captains’ decision making.

Item Type: Article
Keywords: cricket, decision making, uncertainty, conditional logit
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > Nottingham University Business School
Identification Number: 10.1177/1527002513520011
Depositing User: Eprints, Support
Date Deposited: 05 Apr 2018 11:52
Last Modified: 05 Apr 2018 13:17
URI: http://eprints.nottingham.ac.uk/id/eprint/50964

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