publication . Preprint . Article . 2009

Limitations of the Relative Standard Deviation of Win Percentages for Measuring Competitive Balance in Sports Leagues

P. Dorian Owen;
Open Access
  • Published: 01 Jul 2009
Abstract
The relative standard deviation of win percentages, the most widely used measure of within-season competitive balance, has an upper bound which is very sensitive to variation in the numbers of teams and games played. Taking into account this upper bound provides additional insight into comparisons of competitive balance across leagues or over time.
Subjects
free text keywords: Competitive balance; Relative standard deviation; Idealized standard deviation, jel:D63, jel:L83, Economics and Econometrics, Finance
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