SBEE seminar series: John Wooders
10:00 am -
Expertise, Gender, and Equilibrium Play
Mixed strategy Nash equilibrium is the cornerstone of our understanding of strategic situations that require decision makers to be unpredictable. Using data from nearly half a million serves over 3000 tennis matches, and data on player rankings from the ATP and WTA, we examine whether the behavior of professional tennis players is consistent with equilibrium. We find that win rates conform remarkably closely to the theory for men, but conform somewhat less neatly for women. We show that the behavior in the field of more highly ranked (i.e., better) players conforms more closely to theory.
John Wooders joined NYU Abu Dhabi in September 2016 as a Global Network Professor of Economics. He is a Fellow of the Econometric Society and an Economic Theory Fellow. In 2011 he joined the University of Technology Sydney as a Distinguish Research Professor to build a newly-established economics department. In the 2015 ERA (Excellence in Research Australia) rankings, Economics at UTS ranked second in Australia. While at UTS he led the establishment of a PhD program, based on best international practices, which admitted its first cohort of students in 2014. Professor Wooders founded the UTS Behavioural Laboratory.
His research develops novel theory and combines it with data from the field and the laboratory to understand strategic behavior in games and markets. Read more.
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The Social, Behavioral and Experimental Economics seminar series is a joint presentation of the School of Information, the Ross School of Business and the LSA Department of Economics.