How to Predict the Firing of Football Managers
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You can read about what I have spoken on this blog entry: http://bleongcw.typepad.com/simple_is_the_reason_of_m/2008/01/firing-of-bpl-f.html
![Earthquakes
P (E) ∼ E −B
B ≈ [1.8, 2.2]
Introduction to Self-Organized Criticality & Earthquakes (Winslow, Michigan)
Saturday, February 28, 2009](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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How to Predict the Firing of Football Managers
- 1. How to Predict Firings of Football Managers A Freakonomics Approach Bernard Leong A Pragmatic Idealist http://bleongcw.typepad.com Saturday, February 28, 2009
- 2. Earthquakes P (E) ∼ E −B B ≈ [1.8, 2.2] Introduction to Self-Organized Criticality & Earthquakes (Winslow, Michigan) Saturday, February 28, 2009
- 3. Self Organized Criticality (SOC) The Sandpile Analogy Bak, Tang and Weisenfeld (1989) Saturday, February 28, 2009
- 4. SOC implies scale invariance and “simple” microscopic mechanism in general. Ricepile Earthquakes History Model Objects Soil Rice People Self- Formation of Formation of the Formation of a Organization tectonic plates Pyramid social hierarchy Economical, Wave Newtonian Mechanism Social & Political Mechanics Dynamics Interactions Criticality Earthquake Avalanche Political Change Saturday, February 28, 2009
- 5. SOC in Social Sciences • Self Organized Criticality has been introduced to economics in various contexts: • Paul Krugman on economic geography & business cycles (1996). • T. Schelling on segregation of people in cities. • P. Bak et al on turnover of commodities. Saturday, February 28, 2009
- 6. SOC in history? • Saslaw and Tuck (2000) looked at tenure lengths (reigns) of Roman, Chinese, Korean emperors, Doges of Venice and Popes. • They found power law distributions and suggested SOC as an explanation correlated to political revolution and change. • Their problem is that they do not Saturday, February 28, 2009
- 7. If it works on earthquakes, and emperors, why not try it on CEOs? The data is available but expensive. Saturday, February 28, 2009
- 8. So, I suggested the following dataset.... (From BBC sport) Football Managers Saturday, February 28, 2009
- 9. Empirical Evidence of a power law Saturday, February 28, 2009
- 10. Ubiquitous? Power Exponent Law English -1.98 ✔ Football French -2.94 ✔ Football Spanish -2.75 ✔ Football Germany -2.51 ✔ Football Europe -2.21 ✔ Chairman National -2.92 ✔ Coaches American Cricket? Tennis? -2.63 ✔ Baseball American -2.08 ✔ Football Saturday, February 28, 2009
- 11. A microscopic model • Let’s try to use a simple diffusion model: • Step 1: Initialize 20 managers with two attributes: reputation and tenure length • Step 2: Each managers play against each other, using the simple roundrobin and a simple scoring system. • Step 3: Use a threshold as a criteria to decide turnover (i.e. firing the manager). • Step 4: Run it for a hundred years and optimize with different reputation and tenure length Saturday, February 28, 2009
- 12. Criteria for Turnover • If a manager’s reputation falls below 0 due to losing games, he is fired. • If a manager’s reputation has gone beyond the maximum, he is poached. • If a manager’s tenure length has reached the tenure-threshold (say 30 years), he retires. You are fired !!! Saturday, February 28, 2009
- 13. Let’s see how badly my simulations fit the observations Saturday, February 28, 2009
- 14. Let’s see how badly my simulations fit the observations Saturday, February 28, 2009
- 15. The issue about the English League Saturday, February 28, 2009
- 16. The issue about the English League Saturday, February 28, 2009
- 17. The issue about the English League Saturday, February 28, 2009
- 18. The issue about the English League Saturday, February 28, 2009
- 19. The issue about the English League Saturday, February 28, 2009
- 20. The issue about the English League Saturday, February 28, 2009
- 21. The issue about the English League Saturday, February 28, 2009
- 22. The issue about the English League Saturday, February 28, 2009
- 23. The issue about the English League Saturday, February 28, 2009
- 24. The issue about the English League Saturday, February 28, 2009
- 25. Something happened in the 1960s.... Wage Cap of players removed Start of TV coverage Saturday, February 28, 2009
- 26. Economics and Football Managers • First, competitive market forces might bring sports leagues to a point of maximum efficiency related to self-organized criticality. A team wishes to maximize its profit. This means maintaining attendance at games, together with maximizing television and advertising revenues. • Second, competition in a sports league is a zero sum game where what matters is relative, not absolute performance. Managers, therefore, find themselves involved in an arms race and subject to the Red Queen principle that the more things change, the more they stay the same Saturday, February 28, 2009
- 27. Acknowledgements • Toke Aidt and Daniel Sgroi, Faculty of Economics • William Saslaw • Laura Webster • Thomas Down • And the many people who I convey and test this crazy idea to.... Saturday, February 28, 2009
- 28. “The best way to predict the future is to invent it.” - Alan Kay Saturday, February 28, 2009