Popularity and Visibility Appraisals for Computing Olympic Medal Rankings

Objective The ranking of countries in the Olympic Games generates a great deal of interest among analysts, academics, and fans. This article proposes an innovative approach to provide Olympic medals (gold, silver, and bronze) with different weights based on metrics of popularity and media visibility and create an alternative historical ranking. Methods The analysis uses “Google Trends” and “MERIT” appraisals to capture content and news articles on the Internet that relate to the different types of metals. Figures on weekly relative search intensity in Google and content in the Internet registered monthly are used to track changes over time and thus to control for differences between Summer and Winter Olympic Games. Results The results show that gold medals gather far more attention than silver and bronze medals. By applying the estimated multiplying factors, we create an alternative historical ranking of countries that shows some relevant changes. Conclusion The use of weights based on popularity and visibility has managerial implications and opens new avenues for future research.