Empirical Evidence on the "Never Change a Winning Team" Heuristic

"Never change a winning team" is a well-known heuristic that recommends not altering the composition of successful teams. Using game-level observations of the highest German soccer league over a period of seven seasons, we find that the number of changes in the starting line-up is signific...

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Veröffentlicht in:	Jahrbücher für Nationalökonomie und Statistik 2012-05, Vol.232 (3), p.247-257
Hauptverfasser:	Nüesch, Stephan, Haas, Hartmut
Format:	Artikel
Sprache:	eng
Schlagworte:	behavioural economics Decision making models decision-making Empirical evidence Empirical tests Football Games Germany Heuristic Heuristics Instrumental variables estimation Professional soccer Regret regret aversion Rotation Significance level Soccer Sport games Sports management Standard error Statistical analysis Strategic behaviour Superstition Team sports Teams Western Europe Winners
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