Medal count reflects Wealthy Olympics

The US media ranks the US ahead in the Vancouver Winter Olympics based on most medals won. The non-American consensus rates competitors according to their gold, Germany often leading. If your average win is silver, it does seem queer to declare yourself in first place. Not to mention that total wins appear irrevocably linked to the size of the teams fielded. Inspired by 538 giving 2010 odds based on statistical analysis, I thought about other likely predictors. Number of athletes and population size are both outweighed by Per Capita Income as the deciding factor for final rankings.

Gold
Medals
Total
Medals
 
Country
Team
Size
 
Population
GDP per
capita
Prob.
Rank
8 32 USA 215 309m $ 46k 1
9 27 Germany 153 82m 39k 3
8 20 Norway 99 5m 77k 4
8 17 Canada 206 34m 39k 2
6 11 South Korea 46 50m 16k 9
6 8 Switzerland 146 8m 66k 5
4 13 Austria 81 8m 45k 7
4 10 China 90 1,336m 3k 10
4 8 Sweden 106 9m 43k 6
3 14 Russia 177 142m 9k 8

Leave a Reply

Your email address will not be published. Required fields are marked *