is the probability of winning for a football team that kicks first in a penalty shoot-out.
This information comes from a report by Danil Fedorovykh, Senior Lecturer in the HSE’s Department of Theoretical Economics entitled ‘Jump or Stand? Penalties in Football as a Zero-Sum Game’. The report was prepared for the ‘Economics of Football’ series of seminars.
Using data from a series of penalty shoot-outs in World Cup matches, individual continental championships, the Champions League and the national cups of the strongest football leagues from 1970 to 2003, Jose Apesteguia and Ignacio Palacios-Huerta conclude in their work ‘Psychological pressure in competitive environments: evidence from a randomized natural experiment’ (AER, 2010) that the most important factor of in kicking successfully during a penalty shoot-out is the score before the kick. If a team is losing before the penalty shoot-out (very likely if it is going second), then all other conditions being equal, the chances of a successful kick are significantly lower.
More information on the ‘Economics of Football’ series of seminars can be found in Russia here.
Renira Gambarato is Assistant Professor at the Faculty of Communications, Media and Design,School of Media. Originally from Brazil, Renira has been at HSE since 2013. She talked to Anna Chernyakhovskaya of the HSE English News Service about her experience of adjusting to living and working as an academic in Russia and about her joint project with HSE and Brazilian researchers on media convergence of global sporting events and opportunities to air feelings of social injustice.
On December 9, the opening of the joint FIFA/CIES sport management programme took place. Participants of the event had the chance to discuss issues with organizing world sport forums with the CEO of the Organising Committee for the 2014 FIFA World Cup in Brazil, Ricardo Trade.
Angel Barajas, Academic Supervisor of the International Laboratory of Intangible-driven Economy at HSE Perm, Leading Research Fellow, Associate Professor, University of Vigo, Spain talks about Russian football, financing Spanish football clubs, and what the local area needs. Professor Barajas has headed the International Laboratory at HSE Perm since 2010, and is a leading authority on football club rankings, corporate finances and evaluating intellectual assets.
A new weekly seminar, ‘Football Economics’, headed by Konstantin Sonin and Dmitry Dagaev, is starting at the HSE. The first session will take place on January 28, 2014. The seminar aims to look at how the professional football industry works.