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Who’s on First

Who’s on First
by Cass R. Sunstein & Richard Thaler
Post date: 08.27.03
Issue date: 09.01.03

Moneyball: The Art of Winning an Unfair Game By Michael Lewis (W. W. Norton, 288 pp., $24.95)

Michael Lewis’s new book is a sensation. It treats a topic that would seem to interest only sports fans: how Billy Beane, the charismatic general manager of the Oakland Athletics, turned his baseball team around using, of all things, statistics. What next–an inspirational tale about superior database management? But there are some broader lessons in Lewis’s book that make it worth the attention also of people who do not know the difference between a slider and a screwball. Those lessons have to do, above all, with the limits of human rationality and the efficiency of labor markets. If Lewis is right about the blunders and the confusions of those who run baseball teams, then his tale has a lot to tell us about blunders and confusions in many other domains.

suite

Le 02/09/07

Blue Jays vs White Sox

Ball Game
© Jessica