Statistics and Rationality
In Moneyball, Michael Lewis explores the history of sabermetrics—the practice of using math and statistical analysis to analyze the game of baseball. In the early 2000s, Billy Beane, the general manager of the Oakland Athletics baseball team, and his assistant, Paul DePodesta, came to the conclusion that professional baseball players were evaluated according to a system that often gave a misleading idea of their actual value to a baseball team. With the…read analysis of Statistics and Rationality
When Paul DePodesta and Billy Beane apply statistics to the practice of acquiring professional baseball players, they’re greeted with widespread derision from baseball fans and from other general managers. Paul and Billy’s goal is simple: to win as many games for the Oakland A’s as possible by assembling the most valuable players at a cost they can afford. That they face so much criticism for trying to win games in the most rational, logical way…read analysis of Bias
Money and Value
As its title would suggest, Moneyball studies the role of money in Major League Baseball in the late 20th and early 21st century. Baseball—no less than any other popular, sought-after form of entertainment—is a business, and Michael Lewis (a former Wall Street trader himself) shows how a group of savvy general managers and assistant general managers revolutionized baseball by applying business principles to it.
One of Moneyball’s most important insights into the role of…read analysis of Money and Value