Stochastic analysis of the Elo rating algorithm in round-robin
tournaments
- URL: http://arxiv.org/abs/2212.12015v2
- Date: Sat, 25 Nov 2023 16:54:43 GMT
- Title: Stochastic analysis of the Elo rating algorithm in round-robin
tournaments
- Authors: Daniel Gomes de Pinho Zanco, Leszek Szczecinski, Eduardo Vinicius
Kuhn, Rui Seara
- Abstract summary: The Elo algorithm is widely used for rating in sports tournaments and other applications.
This paper presents a comprehensive (stochastic) analysis of the Elo algorithm, considering round-robin tournaments.
- Score: 3.189772105576301
- License: http://creativecommons.org/licenses/by-nc-nd/4.0/
- Abstract: The Elo algorithm, renowned for its simplicity, is widely used for rating in
sports tournaments and other applications. However, despite its widespread use,
a detailed understanding of the convergence characteristics of the Elo
algorithm is still lacking. Aiming to fill this gap, this paper presents a
comprehensive (stochastic) analysis of the Elo algorithm, considering
round-robin tournaments. Specifically, analytical expressions are derived
describing the evolution of the skills and performance metrics. Then, taking
into account the relationship between the behavior of the algorithm and the
step-size value, which is a hyperparameter that can be controlled, design
guidelines and discussions about the performance of the algorithm are provided.
Experimental results are shown confirming the accuracy of the analysis and
illustrating the applicability of the theoretical findings using real-world
data obtained from SuperLega, the Italian volleyball league.
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