Faculty seminar: John Rust Disequilibrium Play in Tennis
The Department of Economics invites you to a Faculty seminar with John Rust, Georgetown University.
- Tid
- Sted
- E209/E210
- Kalender
- Legg i min kalender
The Department of Economics invites you to a Faculty seminar with John Rust, Georgetown University.
Are the serves of the world’s best tennis pros consistent with the theoretical prediction of Nash equilibrium in mixed strategies? We analyze their serve direction choices (to the returner’s left, right or body) with data from an online database called the Match Charting Project. Using a new methodology, we test and decisively reject a key implication of a mixed strategy Nash equilibrium, namely, that the probability of winning a service game is the same for all serve directions. We also use dynamic programming (DP) to numerically solve for the best-response serve strategies to probability models of service game outcomes estimated for individual server-returner pairs, such as Novak Djokovic serving to Rafael Nadal. We show that for most elite pro servers, the DP serve strategy significantly increases their service game win probability compared to the mixed strategies they actually use, which we estimate using flexible reduced-form logit models. Stochastic simulations verify that our results are robust to estimation error.