Search Results for: moneyball

More on Moneyball

It’s good to see that Bill Simmons at ESPN is giving economists their due by providing space for Tyler Cowen and Kevin “Angus” Grier’s occasional meanderings.  This week, Cowen and Grier discuss whether “Moneyball” (that is, reliance on quantitative techniques) still works in Major League Baseball. Certainly, this is a topic we’ve covered here extensively. Oh, and here, …

Does Moneyball Apply to Kindergarten?

David Leonhardt has set the kindergarten teachers’ portion of the internet afire with his provocative New York Times piece, “The Case for $320,000 Kindergarten Teachers.”  He cites some recent research that finds unusual importance of the kindergarten year to adult outcomes, and in particular the importance of good teachers. Students who had learned much more …

Monetary Policy in an Age of Radical Uncertainty

Central bankers in all major developed economies have adopted NIRP, ZIRP, or near ZIRP policies.  The Bank of Japan and the European Central Bank now “offer” negative interest rates (NIRP) on reserves and project to do so for the foreseeable future.  The Bank of England and the Federal Reserve Bank of the United States remain …

Money Ball and Medicine

In 2003, Michael Lewis published Moneyball, the story of how a team with a relative small payroll (the Oakland Athletics) was able to be competitive by understanding how a general manager (Billy Beane) should spend money to generate the most wins.  Many major league baseball teams now apply some of the strategies that Beane adopted …

Lawrence Today Links

The new Lawrence Today showed up in my mailbox today, and as promised I have provided another few hundred words on the dynamics of the college wage premium.  You can click here to read my post on what exactly “composition-adjusted log real wages” means, along with a discussion about the trajectory of U.S. wages over …

Is Major League Baseball Competitive?

A couple of final words on the summer I&E Reading Group selection, Moneyball.   As was argued by Michael Lewis, Billy Beane capitalized by exploiting what appeared to be a market inefficiency.  Indeed, economists Jahn Hakes and Skip Sauer found empirical support for this proposition . An interesting question, then, is why other teams didn’t innovate …

Who Takes the Summers Off? I&E Reading Group Announces Its Summer Selections

Given the dwindling attendance in my courses, either the weather has become appreciably better, Midwestern style, or Professor Finkler is giving another macro exam. Both are sure signs that summer is just around the corner.  That means it’s time to unveil the Innovation & Entrepreneurship Reading Group‘s summer books. The first book comes recommended from …

The Big Shorts for Spring, Introducing Michael Lewis

Michael Lewis is one of our generation’s most influential business writers, having penned the Wall Street classic Liar’s Poker (even I read that one), the professional sports classic Moneyball (hey, I read that one, too), along with assorted other gems on the would-be masters of the universe (here’s a page-turner about Iceland ). Why am …