Princeton University Press (May 2014)
A wealth of research in recent decades has seen the economic approach to human behaviour extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can illuminate many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses soccer to test economic theories and document novel human behaviour.
In this brilliant and entertaining book, Ignacio Palacios-Huerta illuminates economics through the world's most popular sport. He offers unique and often startling insights into game theory and microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. He also looks at finance, experimental economics, behavioural economics, and neuroeconomics. Soccer provides rich data sets and environments that shed light on universal economic principles in interesting and useful ways.
Essential reading for students, researchers, and sports enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics.
Ignacio Palacios-Huerta is Professor of Managerial Economics and Strategy at LSE.
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"This is an excellent book by an author who has made innovative and powerful contributions to our understanding of soccer and economics."
Stefan Szymanski, co-author of Soccernomics
"Palacios-Huerta is perhaps the preeminent economist using sports applications to help us learn about economics."
J James Reade, University of Reading