Author : Martin Schmidt
Publisher : Pearson Education
ISBN 13 : 0131388428
Total Pages : 14 pages
Book Rating : 4.1/5 (313 download)
Book Synopsis A Century of Mistakes in Baseball by : Martin Schmidt
Download or read book A Century of Mistakes in Baseball written by Martin Schmidt and published by Pearson Education. This book was released on 2010-03-15 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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...