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Are Economic Agents Successful Optimizers?
Franc Klaassen
Franciscus Johannes Gerardus Maria Klaassen
Jan Rudolf Magnus
其他書名
An Analysis Through Service Strategy in Tennis
出版
Tinbergen Institute
, 2006
URL
http://books.google.com.hk/books?id=0s1mXwAACAAJ&hl=&source=gbs_api
註釋
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.