Abstract

http://ssrn.com/abstract=907001
 
 

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Are Economic Agents Successful Optimizers? An Analysis through Service Strategy in Tennis


Franc J. G. M. Klaassen


University of Amsterdam - Research Institute in Economics & Econometrics (RESAM); Tinbergen Institute

J.R. Magnus


VU University Amsterdam - Faculty of Economics and Business Administration

May 19, 2006

Tinbergen Institute Discussion Paper No. 06-048/2

Abstract:     
We consider the question whether top tennis players in a top tournament (Wimbledon) employ an optimal (efficient) service strategy. We show that top players do not, in general, follow an optimal strategy, and we provide a lower bound of the inefficiency. The inefficiency regarding winning a point on service is on average at least 1.1% for men and 2.0% for women, leading to a possible increase of income for the efficient player of 18.7% for men and 32.8% for women. We use these findings to shed some light on the question whether economic agents are successful optimizers.

Number of Pages in PDF File: 34

Keywords: Inefficiency, Frontier, Optimal strategy, Tennis

JEL Classification: C14, C15, D01, D21

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Date posted: June 8, 2006  

Suggested Citation

Klaassen, Franc J. G. M. and Magnus, J.R., Are Economic Agents Successful Optimizers? An Analysis through Service Strategy in Tennis (May 19, 2006). Tinbergen Institute Discussion Paper No. 06-048/2. Available at SSRN: http://ssrn.com/abstract=907001 or http://dx.doi.org/10.2139/ssrn.907001

Contact Information

Franc J. G. M. Klaassen
University of Amsterdam - Research Institute in Economics & Econometrics (RESAM) ( email )
Roetersstraat 11
Amsterdam
Netherlands
+31 20 525 4191 (Phone)
+31 20 525 4254 (Fax)
Tinbergen Institute ( email )
Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands
Jan R. Magnus (Contact Author)
VU University Amsterdam - Faculty of Economics and Business Administration ( email )
De Boelelaan 1105
Amsterdam, 1081HV
Netherlands
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