mojo13 wrote:I wrote a detailed response to this the other day but it seems to have been lost in the site crash. In short it seems clear you don't understand how the formula works and you should review it.
Teams are not penalized for missing the Olympics - at worst they miss out on the opportunity to gain points via wins. Nations can technically lose points in the Olympics with poor results. If the match points in a loss are below their current average it will reduce their ranking points. This happened to Nigeria from their three Olympic losses (They went from 439 to 429 points). And why Iran overtook Nigeria in the rankings (Iran moved up about 6 points, even though they lost all three). The Czechs who lost all three also went down in points (585 to 579) - but that is muddy as they played in the Qualifier as well. They clearly has some good historical match points time decay out.
Greece didn't drop in points b/c they missed the Olympics but because of the losses to Canada and the Czechs in the Qualifiers and time decay on past points (I can accept an argument that missing the Olympics or WCs puts you at the mercy of time decay and you will likely drop in points)
The major events and regions are already weighted from 2.5x for the World Cup all they way down to 0.3 for the Afrobasket (and weighted for pre-qualifiers, qualifiers as well). It almost follows the order you want above to a tee (except the it goes WC 2.5x, Olympics, 2.0x then Euros 1.0x).
The time decay also drops the historical results much as you ask with Year 6 & 7 results worth as little as 0.25x.
They have also already combined Oceania and Asia for WC qualifying.
Read it:
http://www.fiba.basketball/documents/rankingmen/howitworks
I read it. EuroBasket for example is the clearly highest level tournament, yet counts just third in the ratings........just one of several problems with the rankings system.