Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
979694 | Physica A: Statistical Mechanics and its Applications | 2006 | 7 Pages |
Abstract
We show that the tenure lengths for managers of sport teams follow a power law distribution with an exponent between 2 and 3. We develop a simple theoretical model which replicates this result. The model demonstrates that the empirical phenomenon can be understood as the macroscopic outcome of pairwise interactions among managers in a league, threshold effects in managerial performance evaluation, competitive market forces, and luck at the microscopic level.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Toke S. Aidt, Bernard Leong, William C. Saslaw, Daniel Sgroi,