Rational Adversaries? Evidence from Randomised Trials in One Day Cricket
利用板球比赛中抛硬币决定攻防顺序的随机性，发现队伍常做出不一致且降低自身胜率的决策，挑战了理性选择假设。
In cricket, the right to make an important strategic decision (bat first or field first) is assigned via a coin toss. I use these 'randomised trials' to examine the consistency of choices made by teams with strictly opposed preferences and the effects of these choices upon the outcomes in the game. I find significant evidence of inconsistency, with teams often agreeing on who is to bat first. Estimated treatment effects show that choices are often poorly made and "reduce" the probability of the team winning, a particularly surprising finding given the intensely competitive environment and opportunities for learning. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.