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Sports isn't an equation Tell that to Billy Beane, general manager of the Oakland A's, who used statistical analysis and team interaction models (i.e. "equatio
by rmah 7y ago
Sports isn't an equation
Tell that to Billy Beane, general manager of the Oakland A's, who used statistical analysis and team interaction models (i.e. "equations") to turn propel the team into the top ranks with salary expenses of only 1/3th of the other top teams. The story was described in the book Moneyball and dramatized in the film of the same name.
- citrablue 7y agoThis is a common misconception. Beane did use statistics, but the central point of Moneyball was how he found market inefficiencies and exploited them. Other teams were using statistics as well, but it was Beane who applied market principles. That's basically what early Michael Lewis books were about: exploiting market inefficiencies. (Agree with your larger point about sports, however.)