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Wednesday, December 01, 2004Proving MoneyballPosted by Dave StudemanJC, who runs the Sabernomics blog, recently attended an economics conference that included, among other things, presentations of baseball economics. One paper in particular, An Economic Evaluation of the Moneyball Hypothesis, is fascinating for two reasons: First, the authors set out to prove that major league teams truly did undervalue OBP before the publication of Moneyball -- and they make their case very well. But to take it a step further, they also show that the baseball "market" subsequently valued OBP correctly after Moneyball's publication -- proving that General Managers really did read and learn from the book (despite the widespread disdain shown toward it). Second, they used Win Expectancy/PGP analyses of the 1999 and 2000 seasons to prove a number of things that have been discussed before. For instance, they show that OBP really should be valued twice as highly as SLG. And they developed their own set of Linear Win Weights for each event on the baseball field (closely following the approach already used by Tangotiger). This is geeky stuff, but the article is very readable, and I recommend it to my fellow baseball geeks. |
 Baseball NewsFrom USA TodayNo. 2: Make yourself at home above Toronto's Rogers Centre If you could sit anywhere at any ballpark in the major leagues, where would it be? USA TODAY combined nominations from readers ... Chamberlain hopes to return to Yankees next week Joba Chamberlain thinks he could return to the New York Yankees next week, and he expects to be used out of the bullpen. Mets rally to beat Phillies and reclaim first place Daniel Murphy hit a tiebreaking double after Carlos Delgado's second solo homer had tied the game in the eighth and the New York ... Inventor has 'Radial' solution to shattered bat problem A New Jersey inventor believes he has the solution to baseball's spate of shattered bats, and MLB officials are intrigued enough ... For MLB teams, chase is on to get healthy They spent the entire baseball season vying to be a contenders in September only to discover their postseason hopes may rest ... Rays keep on rolling as Garza shuts down Jays Tampa Bay manager Joe Maddon thinks the Rays' latest victory came in a "really classic kind of a game." Indians win 10th straight behind Shoppach, Choo Kelly Shoppach homered and drove in three runs and Shin-Soo Choo also went deep to lift the Cleveland Indians to their 10th straight ... Bay, Pedroia lead Boston to blowout of Yankees Jason Bay drove in four runs, Dustin Pedroia hit a grand slam and the Boston Red Sox routed the listless Yankees 11-3 on Wednesday ... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||