Solution to World Cup Penalty Shoot-out Problem: ABC Interview with Waleed Aly

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I returned to ABC Radio National’s Drive program with Waleed Aly, yesterday evening (Tuesday 1 July, go to link for audio).

The 2014 World Cup now in its knock-out phase (which brings with it the inevitable problem of extra-time and penalty shoot-outs, as well as perverse incentive effects to both teams to over-defend). Shining a light on this, Waleed and I discussed a simple rule-change proposal, based on economic principles, which we believe would produce better scoring outcomes in extra-time and diminish reliance on the game’s cruel version of Russian roulette to decide the winner (among numerous other improvements).

If you’re interested in the economics behind the proposal, you can see the abstract of the article from Journal of Sports Economics (December 2013 issue), on which it’s based, here.

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