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Activity Number: 316
Type: Contributed
Date/Time: Tuesday, August 11, 2015 : 8:30 AM to 10:20 AM
Sponsor: Section on Statistics in Sports
Abstract #317625
Title: Finding Most-Efficient Entries for a Cost-Constrained NCAA Tournament Contest
Author(s): Douglas Noe* and Alexander L. Martishius and Stephen E. Wright
Companies: Miami University and Miami University and Miami University
Keywords:
Abstract:

Each March, millions of individuals participate in "bracket" contests and other games inspired by the NCAA Men's Basketball Tournament. In a particular contest introduced by Archer, Cleary, Lock, and Trono (2001), each entrant selects a set of teams subject to a cost constraint with the goal of maximizing total wins; the cost of each team is determined by its seed. Using model- and simulation-based methods, we evaluate a collection of common and uncommon strategies for constructing entries to this contest and compare the results to historical outcomes.

Authors who are presenting talks have a * after their name.

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