Download this Paper Open PDF in Browser

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

Tinbergen Institute Discussion Paper No. 06-048/2

34 Pages Posted: 8 Jun 2006  

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

Date Written: May 19, 2006

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.

Keywords: Inefficiency, Frontier, Optimal strategy, Tennis

JEL Classification: C14, C15, D01, D21

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

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

Paper statistics

Downloads
119
Rank
198,159
Abstract Views
516