Scaling in Tournaments
  We study a stochastic process that mimics single-game elimination tournaments. In our model, the outcome of each match is stochastic: the weaker player wins with upset probability q<=1/2, and the stronger player wins with probability 1-q. The loser is eliminated. Extremal statistics of the initial distribution of player strengths governs the tournament outcome. For a uniform initial distribution of strengths, the rank of the winner, x_*, decays algebraically with the number of players, N, as x_* ~ N^(-beta). Different decay exponents are found analytically for sequential dynamics, beta_seq=1-2q, and parallel dynamics, beta_par=1+[ln (1-q)]/[ln 2]. The distribution of player strengths becomes self-similar in the long time limit with an algebraic tail. Our theory successfully describes statistics of the US college basketball national championship tournament. 
E. Ben-Naim, S. Redner, F. Vazquez