How Interesting Is A Basketball Tournament?

Yes, I can hear people snarking, “not even the tiniest bit”. These are people who think calling all athletic contests “sportsball” is still a fresh and witty insult. No matter; what I mean to talk about applies to anything where there are multiple possible outcomes. If you would rather talk about how interesting the results of some elections are, or whether the stock market rises or falls, whether your preferred web browser gains or loses market share, whatever, read it as that instead. The work is all the same.

'I didn't think much of college basketball till I discovered online betting.'
Mark Litzler’s Joe Vanilla for the 14th of March, 2015. We all make events interesting in our own ways.

To talk about quantifying how interesting the outcome of a game (election, trading day, whatever) means we have to think about what “interesting” qualitatively means. A sure thing, a result that’s bound to happen, is not at all interesting, since we know going in that it’s the result. A result that’s nearly sure but not guaranteed is at least a bit interesting, since after all, it might not happen. An extremely unlikely result would be extremely interesting, if it could happen.

Continue reading “How Interesting Is A Basketball Tournament?”