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Estimating the Offsetting Effects of Driver Behavior in Response to Safety Regulation: The Case of Formula One Racing
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Joel M Potter
Published/Copyright:
July 19, 2011
Using a unique dataset, this paper empirically tests the Peltzman effect by investigating the behavior of Formula One racecar drivers. Estimates suggest that drivers become more reckless as their cars become safer, ceteris paribus. From 1963-1973, safety changes, on average, are estimated to leave the number of driver casualties unchanged. Furthermore, this is the first attempt to estimate specifically how drivers respond to changes in the conditional probability of fatality given an accident. Results provide evidence that the behavioral response of drivers is larger when the analysis is confined to changes in the conditional probability of a fatality given an accident.
Published Online: 2011-7-19
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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- Estimating the Offsetting Effects of Driver Behavior in Response to Safety Regulation: The Case of Formula One Racing
- Predicting the Atlanta Falcons Play-Calling Using Discriminant Analysis
- Computing the Probability of Winning a Competition with an Application to Horse Races
- A Regression-Based Adjusted Plus-Minus Statistic for NHL Players
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- You're Hurting My Game: Lineup Protection and Injuries in Major League Baseball
- Factor Analysis in Performance Diagnostic Data of Competitive Ski Jumpers and Nordic Combined Athletes
- Match Analysis of Elite Ice Sledge Hockey in Paralympics 2010
- And After That, Who Knows?: Detailing the Marginal Accuracy of Weekly College Football Polls
- On Estimating the Ability of NBA Players
- The Quarterback Prediction Problem: Forecasting the Performance of College Quarterbacks Selected in the NFL Draft
- Finally, Evidence for a Momentum Effect in the NBA
- Are NFL Coaches Risk and Loss Averse? Evidence from Their Use of Kickoff Strategies
- Responses to Scoring or Conceding the First Goal in the NHL
- Using Generalizability Theory to Examine Scoring Reliability and Variability of Judging Panels in Skating Competitions
- Development of a Behavioural Assessment System for Achievement Motivation in Soccer Matches
- Prediction Accuracy of Linear Models for Paired Comparisons in Sports
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- Devising New Australian Rules Football Scoring Systems
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