The Sabermetric Revolution


Book Description

From the front office to the family room, sabermetrics has dramatically changed the way baseball players are assessed and valued by fans and managers alike. Rocketed to popularity by the 2003 bestseller Moneyball and the film of the same name, the use of sabermetrics to analyze player performance has appeared to be a David to the Goliath of systemically advantaged richer teams that could be toppled only by creative statistical analysis. The story has been so compelling that, over the past decade, team after team has integrated statistical analysis into its front office. But how accurately can crunching numbers quantify a player's ability? Do sabermetrics truly level the playing field for financially disadvantaged teams? How much of the baseball analytic trend is fad and how much fact? The Sabermetric Revolution sets the record straight on the role of analytics in baseball. Former Mets sabermetrician Benjamin Baumer and leading sports economist Andrew Zimbalist correct common misinterpretations and develop new methods to assess the effectiveness of sabermetrics on team performance. Tracing the growth of front office dependence on sabermetrics and the breadth of its use today, they explore how Major League Baseball and the field of sports analytics have changed since the 2002 season. Their conclusion is optimistic, but the authors also caution that sabermetric insights will be more difficult to come by in the future. The Sabermetric Revolution offers more than a fascinating case study of the use of statistics by general managers and front office executives: for fans and fantasy leagues, this book will provide an accessible primer on the real math behind moneyball as well as new insight into the changing business of baseball.




Stumbling on Wins


Book Description

Don't they want to win? Every sports fan asks that question. And no wonder! Teams have an immense amount of detailed, quantifiable information to draw upon. They have powerful incentives for making good decisions. Everyone sees the results of their choices, and the consequences for failure are severe. And yet, they keep making the same mistakes over and over again - mistakes you'd think they'd learn how to avoid! Now, two leading sports economists reveal those mistakes in basketball, baseball, football, and hockey - and explain why sports decision-makers never seem to learn their lessons. You'll learn which statistics are linked to wins and which aren't and which statistics can predict the future and which can't (information that just might help you dominate your next fantasy league!) ... this book offers powerful new insights into all human decision-making.




Stumbling on Happiness


Book Description

A smart and funny book by a prominent Harvard psychologist, which uses groundbreaking research and (often hilarious) anecdotes to show us why we’re so lousy at predicting what will make us happy – and what we can do about it. Most of us spend our lives steering ourselves toward the best of all possible futures, only to find that tomorrow rarely turns out as we had expected. Why? As Harvard psychologist Daniel Gilbert explains, when people try to imagine what the future will hold, they make some basic and consistent mistakes. Just as memory plays tricks on us when we try to look backward in time, so does imagination play tricks when we try to look forward. Using cutting-edge research, much of it original, Gilbert shakes, cajoles, persuades, tricks and jokes us into accepting the fact that happiness is not really what or where we thought it was. Among the unexpected questions he poses: Why are conjoined twins no less happy than the general population? When you go out to eat, is it better to order your favourite dish every time, or to try something new? If Ingrid Bergman hadn’t gotten on the plane at the end of Casablanca, would she and Bogey have been better off? Smart, witty, accessible and laugh-out-loud funny, Stumbling on Happiness brilliantly describes all that science has to tell us about the uniquely human ability to envision the future, and how likely we are to enjoy it when we get there.




Knicks Don't Click


Book Description

This is the eBook version of the printed book. This Element is an excerpt from Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports (9780132357784) by David J. Berri and Martin B. Schmidt. Available in print and digital formats. Anatomy of a sports disaster: Isiah Thomas and the New York Knicks. Isiah Thomas’s tenure running the New York Knicks was not exactly successful. But that’s not the way it started. William Rhoden of The New York Times stated soon after the Knicks announced the hiring of Isiah: “If you love the Knicks and don’t like this move, you must be delirious. This was a great move.”




A Brief History of the Black Quarterback


Book Description

This is the eBook version of the printed book. This Element is an excerpt from Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports (9780132357784) by David J. Berri and Martin B. Schmidt. Available in print and digital formats. Running the numbers in the NFL: are great black quarterbacks paid less than great white quarterbacks? At lower levels of productivity and salary, there is not much difference between how black and white quarterbacks are treated. A difference is observed when one looks at the game’s very best quarterbacks. Specifically, white quarterbacks who excel are paid more than similarly productive black quarterbacks. It appears there’s a difference in how the best quarterbacks are perceived...




Wrong Numbers in Sports


Book Description

This is the eBook version of the printed book. This Element is an excerpt from Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports (9780132357784) by David J. Berri and Martin B. Schmidt. Available in print and digital formats. Why sports decision-makers are wrong so often — and why they keep making the same mistakes, year after year. When Bill James introduced his findings on the importance of on-base percentage–and the unimportance of steals–decision-makers in baseball didn’t embrace his work. Their initial reaction fully reflects the lessons of behavioral economics: people have trouble accepting information that contradicts their viewpoints. The same story has been seen again and again across the North American professional sports world.




The Economics of Sports


Book Description




The Economics of Aquatic Sports


Book Description

This volume examines the economics of aquatic sports. Covering topics ranging from youth participation, collegiate level amateurism, and professional performance issues, to the history of Olympic level swim and water polo programs, the chapters illuminate economic motivations behind the behavior and performance characteristics of this industry. Labor-related themes regarding compensation, exploitation and discrimination are examined. The volume is also especially timely, including discussions of the impacts of technological change, the hot hand effect, confirmation bias, and doping. By answering questions about these key issues in sport, this book hopes to shed light on behaviors outside of sport and provide an enhanced understanding of individual, group, and industry decision making and performance under conditions of scarcity and uncertainty. This book will be of interest to those studying sports economics, sports management, or applied microeconomic theory as well as professionals in the sports field: sports managers, agents, media experts, coaches, athletic directors and development leaders.




A Century of Mistakes in Baseball


Book Description

This is the eBook version of the printed book. This Element is an excerpt from Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports (9780132357784) by David J. Berri and Martin B. Schmidt. Available in print and digital formats. Can sports decision-makers keep making the same mistakes for decades? Yes–and here’s the proof. In 1997, the Oakland A’s ranked toward the bottom in Major League Baseball, in both team payroll and winning percentage. Next season, Billy Beane became general manager. Spending didn’t change. Outcomes did. From 1999 to 2002, only the Yankees won more games in the American League. It’s been argued the key was Beane’s ability to recognize specific inefficiencies in baseball’s labor market. For the empirical evidence...




The NFL Draft


Book Description

This is the eBook version of the printed book. This Element is an excerpt from Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports (9780132357784) by David J. Berri and Martin B. Schmidt. Available in print and digital formats. Why NFL teams’ conventional approach to the draft just doesn’t work--and what they should be doing instead. If the NFL draft worked according to conventional wisdom, the greatest surplus value would be found at the top of the draft. However, the data suggests that picks in the top half of the second round have the greatest surplus value. This means teams in the first round, especially at the top, should be making every effort to trade down. They’ve traditionally done the opposite....