Arbeitspapier
Heterogeneous consumer preferences for product quality and uncertainty
We provide evidence for heterogeneous consumer preferences for product quality and game outcome uncertainty (GOU) in Major League Baseball. Using attendance data from 2013 to 2019, we explore functional data clustering techniques to detect common patterns in predictive margins of team-specific winning probability. As a central result, we identify five groups of teams with similar GOU effects. However, only a few teams' fans show GOU preferences that resemble the typical hump-shape that is postulated by the uncertainty of outcome hypothesis; the largest cluster is comprised of teams with fans whose attendance behavior is relatively insensitive to differences in GOU.
- ISBN
-
978-3-942820-55-4
- Sprache
-
Englisch
- Erschienen in
-
Series: Hamburg Contemporary Economic Discussions ; No. 70
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Information and Product Quality; Standardization and Compatibility
Sports; Gambling; Restaurants; Recreation; Tourism
- Thema
-
Consumer demand
Heterogeneous preferences
Product quality
Uncertainty of outcome hypothesis
Clustering
Functional data analysis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Maennig, Wolfgang
Mueller, Steffen Q.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy
- (wo)
-
Hamburg
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Maennig, Wolfgang
- Mueller, Steffen Q.
- University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy
Entstanden
- 2021
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