WS More or Less: Predicting Olympic Medals
More or Less
BBC
4.6 • 3.7K Ratings
🗓️ 8 August 2016
⏱️ 9 minutes
🧾️ Download transcript
Summary
How can we use statistics to predict how many medals each nation will win? We speak to Dr Julia Bredtmann, an economist at the RWI Leibniz Institute for Economic Research. She has come up with a model to predict how many medals each country will win, along with her colleagues, Sebastian Otten, also from the Leibniz Institute, and Carsten Crede of the University of East Anglia.
Some countries like the US and China have a large population and GDP, but a number of countries do very well for their size and wealth. Julia explains the different factors you have to consider to predict Olympic success.
Transcript
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| 0:00.0 | Hello, I'm Tim Harford and this is the shorter World Service Edition of More or Less, first |
| 0:06.5 | broadcast on the 5th of August 2016. This episode we cover Olympic medal tables and |
| 0:13.7 | maternal mortality rates. |
| 0:16.2 | Hello and welcome to More or Less on the BBC World Service, we're the programme which |
| 0:20.7 | looks at the numbers in the news and in life and I'm Tim Harford. |
| 0:25.3 | The Olympic Games are with us again and so we turn to statistics to see if we can |
| 0:29.9 | predict how many medals each nation will win. |
| 0:33.5 | The most obvious fact is that countries that are rich or populists tend to do rather |
| 0:37.6 | well, with the US and China at the top, but a statistical model using only GDP and population |
| 0:44.0 | is fairly crude. For example, it would put India at third in the |
| 0:48.2 | medal table and with all due respect, India's medal tally at the Olympic Games is usually |
| 0:53.5 | very modest indeed. So how can we build a cleverer statistical |
| 0:58.3 | forecast of the medals table and what would it tell us? Here to explain all is Jordan Dunbar. |
| 1:05.2 | We spoke to Dr Julia Bredman, who's an economist at the RWI Leibniz Institute for Economic |
| 1:10.8 | Research in Essen, Germany. With her colleagues, Carson Crete and Sebastian Norton, she's been |
| 1:16.2 | working on exactly that problem. |
| 1:18.5 | The most important factor that we have in the model is the number of medals won in the |
| 1:23.5 | last games. What can be shown is that there's a large persistence in Olympic success. There |
| 1:28.9 | are some countries that are always winning a lot of medals and some countries that will |
| 1:32.6 | never win a medal and that can not only be explained by observable factors. You can think |
| 1:37.9 | of it such as a sports culture or how important is Olympic success by considering the medals |
| 1:44.6 | won in the last games we can control for this consistency. |
... |
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