Maradona Plays Minimax
12 Pages Posted: 10 May 2021
Date Written: May 7, 2021
This paper tests the theory of mixed strategy equilibrium using Maradona's penalty kicks during his lifetime professional career. The results are remarkably consistent with equilibrium play in every respect: (i) Maradona's scoring probabilities are statistically identical across strategies; (ii) His choices are serially independent. These results show that Maradona's behavior is consistent with Nash's predictions, specifically with both implications of von Neumann's Minimax Theorem.
Keywords: Mixed Strategies, Minimax, Nash, von Neumann, Randomization.
JEL Classification: A10, C70, C72.
Suggested Citation: Suggested Citation