This thesis applies the theory of rational addiction to sports gambling. Based on this theory developed by Gary Becker and Kevin Murphy, this thesis will attempt to show evidence that gambling on sports is an addictive behavior by seeing if past and future consumption of sports gambling has an effect on current consumption while accounting for other variables. Using two data sets on the amount of money bet monthly on football and annually on the Super Bowl, this thesis runs OLS and two-stage least square regressions of amount of money bet on the independent variables to see if a correlation exists. The results of these regressions show that both past and future consumption have a positive and significant relationship with current consumption in the overall football market but is not significant with the Super Bowl data set. However, the price variable for the overall football market was insignificantly positive, while the same variable was insignificantly negative in the Super Bowl data because of the alignment of the losses and bets variables.
This paper will focus on three questions. Is the National Hockey League draft a good indicator of a drafted players probability of playing in the National hockey league? Does the relative position a player is selected in the NHL draft influence a player’s decision to attend an NCAA school? And finally, for those players that choose to attend an NCAA Division 1 hockey program, does it change their probability of playing in the National Hockey League? Three models have been created to answer these questions. The results suggest the draft is a good indicator of playing in the NHL, that draft position does have an influence on player’s decision to attend college and that playing in the NCAA will slightly reduce the negative probability of playing in the NHL.
Achieving success in the National Basketball Association is not only a priceless and historic feat, but teams that have success in the playoffs and regular season also benefit from financial bonuses. This paper estimates a production function for professional basketball teams, and uses the results to determine significant areas of focus that are positively and negatively associated with regular season win percentage. A Cobb-Douglas production function and multi-variable Ordinary Least Squares regression models are applied to data collected from the 2010-11 through 2014-15 seasons in the National Basketball Association. The results are also applied to successful teams in the playoffs in order to determine how regular season results translate to the playoffs. The resulting estimates indicate that successful NBA teams over the last five seasons have focused on shooting efficiently, keeping opponent shooting percentages low, rebounding, forcing turnovers at a high rate, and building their teams through the draft.
This paper explores the spatial effect of a professional sports stadium on multi-family rents in US cities using a hedonic housing price model. Estimates based on Census block groups within 10-miles of every NBA, NFL, NHL, MLB, and MLS facility across 10 U.S. Metropolitan Statistical Areas suggest that median gross rents increase with the introduction of a professional sports stadium. The results also suggest that median gross rents are higher in block groups near the facilities and the impact lessons as distance from the facility increases. This study attributes the overall increase in rental value to a societal preference for entertainment and experience provided by a stadium environment.
This paper explores a Title 1 high school and how socioeconomic status affects its student-athlete’s personal perception of their ability to succeed in their sport(s). A survey was created and distributed to student-athletes at LaPorte High School (n=59). The athlete’s view of whether they had an equal chance of success as their teammates (equalchance) and the athlete’s belief of whether they would continue playing their sport after high school (postgradplay) were selected as dependent variables. The descriptive statistics indicate that there is no predictor for having an equal chance as teammates in their sport. However, the statistics did indicate that respondents from multiple races are less likely to play their sport after high school. Finally, extracurricular participation in private lessons increased the likelihood of playing after high school.
In the past century, marathon running has become a major phenomenon in society. As a result, race participation and frequency have increased in the United States over the past decade. With the increased growth of the sport, the amount of money and the overall economic impact of races have risen, causing event organizers and sponsors to face decisions involving race awards and funding. Using an OLS regression model, this study examines the impact of prize money on marathon performance and acclaim. Results reveal marathon running to be exempt from incentive theory, as athletes do not perform better as a result of increases in winning prize money. Prize money also has no significant impact on the popularity of marathon events. Other factors, such as marathon location and history, significantly affect the acclaim of a marathon event. A thorough understanding on the impact of prize money is necessary for the future of the growing sport of marathon running.