Tinbergen Institute Discussion Paper No. 06-048/2
34 Pages Posted: 8 Jun 2006
Date Written: May 19, 2006
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.
Keywords: Inefficiency, Frontier, Optimal strategy, Tennis
JEL Classification: C14, C15, D01, D21
Suggested Citation: 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: https://ssrn.com/abstract=907001 or http://dx.doi.org/10.2139/ssrn.907001