Do Victories and Losses Matter? Effects of Football on Life Satisfaction

CERGE-EI Working Paper Series No. 579

57 Pages Posted: 10 Dec 2016

See all articles by Radek Janhuba

Radek Janhuba

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

Multiple version iconThere are 2 versions of this paper

Date Written: December 8, 2016

Abstract

Every week during the autumn season, millions of Americans attend football games and even more watch the sport on TV. In addition to generating entertainment revenues, previous research has also shown that sports events lead to changes in emotions in minds of fans. This study examines whether sports influence the subjective well-being of the population. Using data from the Behavioral Risk Factor Surveillance System (BRFSS), an ordered logit model estimates effects of a local college football team's results on the life satisfaction of local citizens. The analysis suggests that unexpected wins have positive effects on life satisfaction. Surprisingly, no effect is found for cases of unexpected losses or outcomes which can not be labeled as surprising based on the pre-game betting market.

Keywords: Life Satisfaction, Sports, Football

JEL Classification: I18, Z29, C25

Suggested Citation

Janhuba, Radek, Do Victories and Losses Matter? Effects of Football on Life Satisfaction (December 8, 2016). CERGE-EI Working Paper Series No. 579. Available at SSRN: https://ssrn.com/abstract=2882660 or http://dx.doi.org/10.2139/ssrn.2882660

Radek Janhuba (Contact Author)

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

P.O. Box 882
7 Politickych veznu
Prague 1, 111 21
Czech Republic

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