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	<title>What I Learned in Business School &#187; football</title>
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	<description>Dispatches on the rigor and ridiculousness of getting an MBA from one of America's leading business schools.</description>
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		<title>Why goalies in soccer shouldn&#8217;t dive for penalty kicks</title>
		<link>http://www.whatilearnedinbusinessschool.org/2009/02/14/why-goalies-in-soccer-shouldnt-dive-for-penalty-kicks/</link>
		<comments>http://www.whatilearnedinbusinessschool.org/2009/02/14/why-goalies-in-soccer-shouldnt-dive-for-penalty-kicks/#comments</comments>
		<pubDate>Sat, 14 Feb 2009 14:51:32 +0000</pubDate>
		<dc:creator>MBA</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[football]]></category>
		<category><![CDATA[game theory]]></category>
		<category><![CDATA[goalies]]></category>
		<category><![CDATA[Nash Equilibrium]]></category>
		<category><![CDATA[penalty kicks]]></category>
		<category><![CDATA[soccer]]></category>

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		<description><![CDATA[During my study of game theory in business school, the professor gave an example of a game in which the equilibrium should produce independent, randomized choices by all players: penalty kicks in soccer. Strikers should kick the ball to a random location in the goal and goalies should dive in a random direction. If you [...]


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			<content:encoded><![CDATA[<p>During my study of game theory in business school, the professor gave an example of a game in which the equilibrium should produce independent, randomized choices by all players: penalty kicks in soccer. Strikers should kick the ball to a random location in the goal and goalies should dive in a random direction.</p>
<p>If you simplify the game, you could say that there are three locations in the goal—left, center, and right—and each player should choose them with equal probabilities of one third. However, while strikers do this, <a href="http://pricetheory.uchicago.edu/levitt/Papers/ChiapporiGrosecloseLevitt2002.pdf">goalies don&#8217;t.</a> Goalies are more likely to dive right or left than to stay put in the middle. Call it the negative consequences of having a bias to action, or think of it like playing rock-paper-scissors and always picking rock.</p>
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<p>Related posts:<ol><li><a href='http://www.whatilearnedinbusinessschool.org/2009/02/26/kg-goes-down/' rel='bookmark' title='Permanent Link: KG goes down'>KG goes down</a> <small>So, Kevin Garnett is out injured for the next three...</small></li><li><a href='http://www.whatilearnedinbusinessschool.org/2009/02/12/its-better-to-arrive-at-a-meaningless-conclusion-on-a-trivial-subject-via-long-stubborn-debate/' rel='bookmark' title='Permanent Link: It&#8217;s better to arrive at a meaningless conclusion on a trivial subject via long, stubborn debate'>It&#8217;s better to arrive at a meaningless conclusion on a trivial subject via long, stubborn debate</a> <small>Group work is a staple of an MBA&#8217;s life. Conference...</small></li><li><a href='http://www.whatilearnedinbusinessschool.org/2009/02/20/why-bankers-will-always-beat-consultants/' rel='bookmark' title='Permanent Link: Why bankers will always beat consultants'>Why bankers will always beat consultants</a> <small> By far, the YouTube video I watched the most...</small></li></ol></p>
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