How to win a penalty shootout (with game theory)

Lionel Messi is arguably the greatest soccer scorer of all time. But when it comes to penalty kicks, Messi is merely average. Why? Maybe the answer involves game theory.

According to game theory, there’s an optimal strategy for taking penalty kicks. This strategy involves an idea that was once somewhat controversial in economics — that is, until economists started studying soccer players in real life. 

On today's show, we kick it over to the hosts of the Soccernomics podcast to explain how game theory has changed soccer, and how soccer has changed game theory. 

Watch the penalty shootout between Manchester United and Chelsea in the Champions League final in 2008. 

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This episode of Planet Money was produced by Emma Peaslee with help from James Sneed. It was edited by Jess Jiang. It was fact checked by Sierra Juarez and engineered by Annlie Huang. Alex Goldmark is our executive producer.

The Soccernomics episode was originally hosted by Ashish Malhotra, Simon Kuper and Stefan Szymanski and sound designed by Alex Roldan.

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