International conference

Economics and Psychology of Football 2008

Analyses of decision making in the world's greatest sport

29. - 30. May 2008


At the

Department of Economics, Faculty of Economics and Statistics

University of Innsbruck

Innsbruck, Austria



Preliminary Program

Speeches in HS3 and FSS will be available as live-stream via the following link: 


Thursday, 29 May

11.00 – 13.15

Registration                                                                        Main entrance



Press conference                                                                                                              FSS
12.00 - 12.45 The press conference is in German and not part of the scientific program. Details are provided on the bottom of this page.
Welcome address Karlheinz Töchterle (Rector of the University of Innsbruck)                 HS3
13.15 - 13.20  

Plenary Session 1

Chair: Matthias Sutter                                                                           HS3

13.20 – 14.30

Urs Meier (former FIFA-Referee, Switzerland)

Decision making under pressure



14.30 – 15.00

Coffee break



Parallel Session 1A

Player behavior and decision making

15.00 – 17.00

Chair: Ignacio Palacios-Huerta                                                             FSS


  • Roger BergerShould I stay or should I go? The centre option in penalty kicks


  • Martin G. Kocher, Marc V. Lenz and Matthias Sutter: Choking under pressure – Evidence from penalty shootouts in football


  • Tobias Wolbring and Jochen Gross: Reciprocity in Team Sports. Analyses of the Passing Behaviour at the Football World Cup 2006


  • Ignacio Palacios-Huerta and Jose Apesteguia: Prospect Pressure in the Workplace: Evidence from a Natural Randomized Experiment



Parallel Session 1B

Management of football clubs

15.00 – 17.00

Chair: Stephan Nuesch                                                                        SR1


  • Matthieu Llorca and Thierry Teste: Psychological impact of managerial change on team performance: econometric evidence from the French football Ligue 1 Championship


  • Stefan WagnerManagerial Succession and Organizational Performance


  • Carlos Díez, Ramon Flores, David Forrest, Francisco Martinez and J.D. TenaDecision taking with external pressure: evidence on football manager dismissals in Argentina and their consequences


  • Egon Franck and Stephan NueschThe Optimal Talent Structure of Teams – Empirical Evidence from Professional Soccer



17.00 – 17.30

Coffee break



Parallel Session 2A

The impact of the crowd on judgment and decision making

17.30 – 19.00

Chair: Katie Page                                                                                 FSS


  • Tito Boeri and Battista SevergniniThe Italian Job: Match Rigging and Media Concentration in the Serie A


  • Mikael Priks and Per-Pettersson Lidbom: Behavior under Social Pressure: Empty Italian Stadiums and Referee Bias:


  • Katie Page and Lionel Page: The power of the crowd: its influence on referee decision making



Parallel Session 2B

Geographic and quality distance

17.30 – 19.00

Chair: Marco Runkel                                                                             SR1


  • Harald Oberhofer, Tassilo Philippovich and Hannes Winner: Distance Matters! Evidence from Professional Team Sports


  • J.M. Sánchez-Santos, J.A. Dopico and P. Castellanos: Teams’ Performance and Local Market Size in Spanish Football League


  • Marco RunkelRevenue Sharing, Competitive Balance and the Contest Success Function




Reception and book presentation





Friday, 30 May

Parallel Session 3A

Players and player behavior

09.00 – 10.30

Chair: Lionel Page                                                                                FSS


  • Lionel PageStriking strikers. A case of peak bias in subjective evaluation of performance


  • Thomas GrundHow to win the Premiership? An analysis of football player transfers and team performance in England


  • Lionel Page and Peter Ayton: The half-time effect: Are goals scored just before half-time worth more?



Parallel Session 3B

Football, stock market, betting and forcasting

09.00 – 10.30

Chair: Patric Andersson                                                                        SR1


  • Michael Hanke and Michael Kirchler: The Impact of Championship Soccer Games on Jersey Sponsors’ Stock Prices


  • Jaume Garcia and Levi Perez; Placido Rodriguez: A microeconometric analysis of the expenditure and the frequency of purchase of football pools bets in Spain


  • Patric Andersson, Daniel Memmert, and Eva Popowicz: Forecasting outcomes of the World Cup 2006 in football: Performance and confidence of bettors and laypeople



10.30 – 11.00

Coffee break



Plenary Session 2

Chair: Martin Kocher                                                                             FSS

11.00 – 12.15

Stefan Szymanski (Cass Business School. City University London): Economics, Happiness and Major Sporting Events



12.15 – 13.30

Lunch break



Parallel Session 4A

Referee Behavior and decision making

13.30 – 15.00

Chair: Peter Dawson                                                                            FSS


  • R. Simmons, B. Buraimo and D. Forrest: The Twelfth Man: Refereeing Bias in English and German Football


  • René Cyranek and Martin Kocher: Who’s the boss? An empirical analysis of the optimal timing of football referee decisions


  • Peter Dawson and Stephen Dobson: Disciplinary Sanctions, Time Added on and Referee Behaviour: A Perspective Based on European Cup Competitions



Parallel Session 4B

Microeconomics of football

13.30 – 15.00

Chair: Stefan T. Trautmann                                                                  SR1


  • Christoph Eichhorn and Marco SahmWhy were FIFA World Cup Tickets so cheap?


  • Florian Englmair and Arno SchmoellerDoes Bidding for Multi-Attribute Goods Reflect All Available Information? Field Evidence from the Virtual Soccer Game Hattrick


  • Stefan T. Trautmann and Christian Traxler: Reservation prices as reference points? – Evidence from online auctions for virtual football players at



15.00 – 15.30

Coffee break and poster session



Parallel Session 5A

Betting in football

15.30 – 17.30

Chair: Håkan Nilsson                                                                            FSS


  • Bruno Deschamps and David Peel: The hothand effect in European football betting markets


  • Ulrich Schmidt and Mario MaschkeProspect Theory as an Approach to explain Betting Behavior


  • Egon Franck, Erwin Verbeek and Stephan Nüesch: Media Attention, Insider Trading and the Effect on the Longshot Bias in English Soccer Betting


  • Håkan Nilsson and Patric Andersson: Making the Seemingly Impossible Appear Possible: Conjunction Errors in Evaluations of Bets on Football Games



Parallel Session 5B

Rules and incentives

15.30 – 17.30

Chair: Julio del Corral                                                                           SR1

  • Carsten Schmidt: Probability redistribution in prediction markets: Evidence from single-elimination tournaments


  • Michael Rechner, Daniel Memmert, Christian Unkelbach and Julia Ertmer: Game-Management, Context-Effects, and Calibration: The case of yellow cards in soccer


  • Dirk HofmannMuch Ado about Nothing?: The Impact of the Three-Point-for-a-Victory-Rule in European Football Competition


  • Julio del Corral, Juan Prieto-Rodriguez and Rob Simmons: The effect of incentives on sabotage: The case of Spanish football



List of Posters:


  • Pablo Castellanos García, Jaume García and José M. Sánchez-Santos: Perceptions, consumer preferences and demand decisions of football team’s fans
  • Elmar Bittner, Andreas Nußbaumer, Wolfhard Janke and Martin Weigel: Football fever: goal distributions and non-Gaussian statistics
  • Roberto AntoniettiHuman capital, sports performance and the salary determination of professional athletes
  • Mathieu JardinEnhancing competitive balance versus winning the Champion’s league (Or the league dilemma)
  • Sebastian Braun and Michael KvasnickaAgainst All Odds? National Sentiment and Wagering on European Football


Posters will be displayed during the whole conference in front of the Fakultaetssitzungssaal (FSS). Poster presenters can be approached in any break but the last coffee break is specifically devoted to the presentation of posters.


Room abbreviations:

FSS: Fakultaetssitzungssaal (3rd floor, east)

HS 3: Lecture Room 3 (ground floor, east)

SR 1: Seminar Room 1 (1st floor east)



Download Program as pdf: PDF Icon 
Download Conference Folder: PDF Icon
Download Conference Poster: PDF Icon


How to get to the conference venue

From Airport

At the Innsbruck airport you take bus line “F” (just one direction). You will have to change at station “Landesmuseum”. There you cross the street “Meinhardstrasse” and take either the bus line “4” (direction “Milser Strasse”) or line “R” (direction “Gumppstrasse”) -> see blue points on the map below. You get off the bus at station “Polizeidirektion”, the huge glass building is the University / SOWI Innsbruck, where the conference takes place (see map for details). Walking from “Landesmuseum” is also an option and takes less than 10 minutes.

From Railway station

At the Innsbruck railway station you take either line “4” (direction “Milser Strasse”) or line “R” (direction “Gumppstrasse”) -> see red line on the map. You get off the bus at station “Polizeidirektion”, the huge glass building is the University / SOWI Innsbruck, where the conference takes place (see map for details). Walking from the train station is also an option and takes a bit more than 10 minutes.





More information on public transport in Innsbruck:

Tickets can be bought at bus/tram drivers or at machines at the stations.



Press conference on Thursday, 29 May at 12:00


Die wirtschaftlichen Auswirkungen der EURO2008 auf das Land Tirol und die Stadt Innsbruck


Friedrich Schneider (Universität Linz)

Johannes Bodner (Landesrat der Tiroler Landesregierung)

Christoph Platzgummer (Vizebürgermeister der Stadt Innsbruck)

Moderation: Matthias Sutter