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Measurement of Competitive Balance and Uncertainty of Outcome Research Completed
Title
Measurement of Competitive Balance and Uncertainty of Outcome
Lead Author
P Dorian Owen
Organisation(s)
Prepared for Handbook on the Economics of Professional Football by University of Otago
Competitive balance (CB) and uncertainty of outcome (UO) are central concepts in the economic analysis of sports leagues worldwide. As well as featuring prominently in the academic literature, CB provokes strongly held opinions among media commentators, sports administrators and fans. The aims of this chapter are to examine how these concepts have been measured in practice, to review recent attempts to address some of the problems with commonly used measures, and to consider some of the factors involved in selecting useful measures.