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Managerial decision making under uncertainty: the case of Twenty20 cricket

Sacheti, Abhinav; Gregory-Smith, Ian; Paton, David

Authors

Abhinav Sacheti

Ian Gregory-Smith

Abstract

We consider managerial decision making by examining the impact of decisions taken by cricket captains on Twenty20 International (T20I) match outcomes. In particular, we examine whether pressure from external commentators is associated with suboptimal decision making by captains. Using data from over 300 T20I matches, we find little evidence that either winning the toss or choosing to bat first improves the likelihood of winning. Despite this, we find that captains in T20I cricket are significantly more likely to choose to bat rather than bowl after winning the toss, a finding that is consistent with social pressure constraining captains’ decision making.

Journal Article Type Article
Publication Date Jan 1, 2016
Journal Journal of Sports Economics
Print ISSN 1527-0025
Electronic ISSN 1552-7794
Publisher SAGE Publications (UK and US)
Peer Reviewed Peer Reviewed
Volume 17
Issue 1
DOI https://doi.org/10.1177/1527002513520011
Keywords cricket, decision making, uncertainty, conditional logit
Publisher URL http://journals.sagepub.com/doi/10.1177/1527002513520011
Copyright Statement Copyright information regarding this work can be found at the following address: http://eprints.nottingh.../end_user_agreement.pdf

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