TY - JOUR
T1 - Decision-making on the hot seat and the short list
T2 - Evidence from college football fourth down decisions
AU - Owens, Mark F.
AU - Roach, Michael A.
N1 - Publisher Copyright:
© 2018 Elsevier B.V.
PY - 2018/4
Y1 - 2018/4
N2 - This study examines how career considerations influence risky decisions in the labor market for college football head coaches. We use historical data to predict, based on information available prior to the beginning of a given season, whether a coach will be fired or promoted after that season. Indices created from these models are used, along with other relevant data, to analyze the risky decision to attempt a fourth down conversion. We find that decision-making is sensitive to perceived job stability. Coaches who are more likely to be fired become more conservative, attempting fewer fourth down conversions. Conversely, coaches who are more likely to be promoted undertake more risk by attempting to convert more fourth downs. The result is that coaches with less job security are more likely to make decisions that are sub-optimal from the perspective of win-maximization.
AB - This study examines how career considerations influence risky decisions in the labor market for college football head coaches. We use historical data to predict, based on information available prior to the beginning of a given season, whether a coach will be fired or promoted after that season. Indices created from these models are used, along with other relevant data, to analyze the risky decision to attempt a fourth down conversion. We find that decision-making is sensitive to perceived job stability. Coaches who are more likely to be fired become more conservative, attempting fewer fourth down conversions. Conversely, coaches who are more likely to be promoted undertake more risk by attempting to convert more fourth downs. The result is that coaches with less job security are more likely to make decisions that are sub-optimal from the perspective of win-maximization.
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U2 - 10.1016/j.jebo.2018.02.023
DO - 10.1016/j.jebo.2018.02.023
M3 - Article
AN - SCOPUS:85043486553
SN - 0167-2681
VL - 148
SP - 301
EP - 314
JO - Journal of Economic Behavior and Organization
JF - Journal of Economic Behavior and Organization
ER -