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Behavioral and sports economics
Ch. 12. P. 307–342.
Coates D. C., Humphreys B.
This chapter reviews existing theoretical and empirical literature on the intercollegiate and professional sports industries, including professional and intercollegiate sports leagues and the fitness center/health club industry, from a behavioral economic perspective. These represent interesting settings for behavioral economic research. In sports leagues, firm inputs and outputs are accurately measured, as is individual worker performance. Interaction among organizations in this setting can be measured, and a number of interesting regulations, like entry drafts and salary caps, generate powerful incentives. In addition, individual decisions made by customers in the sports industry, fans of teams, can be readily measured, and these decisions depend on the standard economic factors (prices and income) as well as uncertainty about an important feature of the core product: game outcomes. This has proven to be a fruitful area of behavioral economic research, and behavioral economic approaches have provided new insight into economic decisions in this setting.
Fedorova E., Ledyaeva S., Stepanov V., International Review of Economics and Finance 2026
This study investigates the influence of low-quality information, specifically fake news, on short
term stock returns, contributing to the discourse on signal theory and behavioral economics.
Employing a machine learning approach, the authors developed a robust fake news dataset from
publicly available sources. Sentiment analysis was conducted using a FinBERT model fine-tuned
for stock market contexts, alongside extensive dataset ...
Added: September 12, 2026
Ключников И. К., Saakyan T. V., Финансовые рынки и банки 2025 № 5 С. 244–254
In the conditions of increased uncertainty and change of the economic development model, the importance of effective financial assistance to the economy increases. The article considers the essence and purpose of subsidies in the system of economic relations, as well as key features of attitudes towards subsidies of various economic schools. The idea of full ...
Added: June 1, 2026
Maksimenko A., Лазарев М. А., Вестник Московского университета. Серия 14: Психология 2026 Т. 49 № 3 С. 143–171
Abstract
Background.
Economic instability and uncertainty increase the subjective perception of financial risks, creating feelings of anxiety and threat among the population . Under these conditions, there is a growing need for reliable and valid instruments for measuring financial stress adapted to the Russian cultural context .
Objective.
The study aimed to adapt and psychometrically validate the Russian version of the Financial ...
Added: November 6, 2025
Parshakov P., Paklina S., Matkin N. et al., Вестник Пермского университета. Серия: Экономика 2026 Т. 21 № 1 С. 42–57
Introduction. Large language Models (LLM) are increasingly being used in social sciences to simulate the behavior of experimental participants and analyze norms of cooperation and justice. However, the question remains whether they are capable of reproducing social asymmetries, including gender differences. Goal. The work aims to test whether LLM reproduces gender differences in the Dictator ...
Added: October 27, 2025
Shenkman E., Parshakov P., Matkin N., Журнал Новой экономической ассоциации 2026 № 2(71) С. 177–203
This article analyzes the behavior of large language models (LLMs) in the Dictator game; the comparison was carried out against the results of previously conducted laboratory behavioral experiments with human participants. The study examines modifications of the basic game, that include the possibility of taking resources from the opponent as well as the introduction of ...
Added: October 27, 2025
Semenova D., Molodchik M., AlterEconomics (ранее - Журнал экономической теории) 2025 Т. 22 № 2 С. 161–184
This study traces the evolution of scientific views on willingness to pay (WTP), which comprises three main stages corresponding to changes in economic thought. The study is based on a review of 91 key publica- tions found via Google Scholar and e-Library. First, the neoclassical approach saw WTP as an objective measure of marginal utility ...
Added: July 7, 2025
Lebedeva S., Экономика и управление в спорте 2024 Т. 4 № 2 С. 125–150
The article provides a comparative analysis of Russian and English-speaking scientific research papers in the sports industry, especially in the field of sports management and sports economics. The author examined the dynamics of publication activity in the field of physical education and sports and the main directions of publication activity of Russian and foreign scientists ...
Added: July 19, 2024
Dagaev D., Paklina S., Reade J. J. et al., Journal of Sports Economics 2024 Vol. 25 No. 1 P. 126–151
Using the assignment of referees to European international association football matches played between 2002 and 2016, we ask whether judgements were biased according to the legacy of the Cold War. We find that referees from post-communist states favoured teams from non-communist states, but there was no evidence of favouritism in the
other direction. This out-group bias ...
Added: September 20, 2023
Churakov V., В кн.: Этика и право: соотношение и механизмы взаимовлияния.: М.: Проспект, 2023. Гл. 1.5 С. 71–81.
В главе рассматриваются этическе аспекты использования технологии "подталкивания" (nudge). Представлено обоснование, что сам по себе принцип технологии «подталкивания» как таковой не является неэтичным. Nudge осуществляется повсеместно и не может быть полностью запрещен на каком-либо основании. Тем не менее неэтичными могут быть конкретные практики «подталкивания», в том числе нарушающие четыре магистральных принципа, предложенных Санстейном: благополучие (welfare), ...
Added: September 4, 2023
Бондаренко А. М., Карпова Н. С., Михайлова Д. С., В кн.: Потенциал инновационного развития в новых геополитических условиях: сборник статей Международной научно-практической конференции 5 декабря 2022 г.: Уфа: Аэтерна, 2022. С. 168–173.
Behavioral economics studies the features of economic decision-making taking into account cognitive distortions, social and emotional factors affecting the behavior of individuals, social groups and economic actors. The subject field of behavioral economics includes consumer behavior, an important part of which is the formation of a healthy lifestyle, as well as the development of methods ...
Added: December 17, 2022
Altukhov S., В кн.: Актуальные вопросы развития спортивной индустрии: Материалы Международной научно–практической конференции, посвященной Году науки и технологий РФ.: [б.и.], 2021. Гл. 3 С. 19–24.
Added: March 17, 2022
Altukhov S., Сулейменов Е. М., В кн.: XXI Международная конференция. История управленческой мысли и бизнеса. «Проблемы измерений в управлении социальными объектами: вчера, сегодня, завтра»: Материалы конференции 1–3 июля 2021 г.: Экономический факультет МГУ им. М.В. Ломоносова, 2021. Гл. 2 С. 45–56.
Sport, as part of public policy, the service sector and business, is very acutely experiencing the crisis associated with the consequences of the pandemic. Some organizations are turning to the state for help, others are revising mutual obligations with contractors, still others are trying to integrate Olympic traditions into the changed structure of relations and ...
Added: March 17, 2022
Бердышева Е. С., Экономическая социология 2021 Т. 22 № 4 С. 140–148
The review signifies the key ideas of the book by Shoshanna Zuboff, who indicates the rise of a new form of capitalism called surveillance capitalism. This economic order is dominated by commercial IT companies, with a power advantage anchored in the monopoly for the means of behavior modification. Algorithms track the personal experience of users, ...
Added: October 30, 2021
Dagaev D., Paklina S., Reade J. et al., / Series "Department of Economics Discussion Paper". 2021. No. 2021-14.
Using the assignment of referees to European international association football matches played between 2002 and 2016, we ask whether judgements were biased according to the legacy of the Cold War. Referees from post-communist states favoured teams from non-communist states, but there was no evidence of favouritism in the other direction. The out-group bias of referees ...
Added: August 13, 2021
Bortolotti S., Dohmen T., Lehmann H. et al., American Behavioral Scientist 2021 Vol. 65 No. 11 P. 1512–1530
We shed new light on the relationship between cognition and patience, by providing documenting that the correlation between cognitive abilities and delay discounting is weaker for the same group of individuals if choices are incentivized. We conjecture that the exertion of higher cognitive effort, which induces higher involvement of the cognitive system, moderates the relationship ...
Added: December 23, 2020
Cheltenham: Edward Elgar Publishing, 2020.
This book examines competitive balance and outcome uncertainty from multiple perspectives. Chapters address the topic in different sports in a range of countries, to help to understand its significance. It provides readers with important new insights into previously unexplored dimensions as well as a rich context for better understanding why fans, teams, and leagues value ...
Added: July 3, 2020
Pawlowski T., Nalbantis G., Coates D. C., Economic Inquiry 2018 Vol. 56 No. 1 P. 173–192
This study tries bridging between different behavioral economic explanations for the lack of support of the uncertainty of outcome hypothesis in spectator sports. We test a measure of perceived game uncertainty that is comparable to objective measures frequently tested in the literature. Econometric results suggest that fans do not perceive closeness of a game differently than how economists have ...
Added: February 27, 2020
Edward Elgar Publishing, 2018.
The Handbook of Behavioral Industrial Organization integrates behavioral economics into industrial organization. Chapters cover concepts such as relative thinking, salience, shrouded attributes, cognitive dissonance, motivated reasoning, confirmation bias, overconfidence, status quo bias, social cooperation and identity. Additional chapters consider industry issues, such as sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral ...
Added: February 27, 2020
Gasparetto T. M., Barajas A., International Journal of Sport Finance 2020 Vol. 15 No. 1 P. 16–26
Most papers analyze the broadcast demand for a single league. However, professional football clubs participate in two or more tournaments simultaneously every season. Hence, the perception of fans may differ. This is a relevant topic, since television rights constitute the main source of revenue for professional football. The Brazilian football market is an appropriate laboratory ...
Added: February 7, 2020
Erokhina V., Третейский суд 2019 № 119/120 С. 187–196
In the article through recourse to behavioral economics is analyzed the admissibility of the institute of discovery in international commercial arbitration. Studies in behavioral economics show that parties to a dispute tend to overestimate the benefits («egocentric bias») from obtaining evidence and at the same time underestimate the potential costs of discovery. To solve the ...
Added: January 19, 2020