Preview

Moneyball Efficiency

Good Essays
Open Document
Open Document
145 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Moneyball Efficiency
From this movie Moneyball, Brad Pitt stars as Billy Beane, the general manager of the Oakland A’s baseball team, an organization struggling with a limited budget to develop, attract, and retain players. Moneyball is about efficiency. The strategy is rooted in using analytics to maximize assets. It’s about making decisions based on statistics instead of intuition or popular opinion. In the case of the A’s, Beane measures things like on-base percentage (how often a batter reaches base compared to the number of at-bats) and slugging percentage (total bases divided by the number of at-bats) instead of traditional and widely accepted metrics like batting average. Modern finance technology has created an opportunity to track more detailed metrics
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Summary: Building A Better Fantasy Baseball Team
    • 2915 Words
    • 12 Pages

    Summary: Building A Better Fantasy Baseball Team

    This requires a team to have players performing well in each of the five categories to be successful. These preliminary conclusions come as a result of the conditions imposed by the ESPN fantasy league and are only the tip of the iceberg in relation to the findings the data will provide. The dataset used in this article is comprehensive statistics of MLB players during the 2005 season. The data contain 21 different batting criteria that are continuous variables and three categorical variables that group the players by position, team and league. The criteria are specifically batting oriented and do not reflect any pitching or defensive statistics, gearing the focus of this article to the offensive side of a fantasy team. The 21 continuous variables include the aforementioned five criteria used directly in calculating fantasy performance, leading initial analysis to be focused primarily on them. There are 278 separate player entries in the data with no missing values per player. All players are batters; no pitchers are included regardless of whether they batted during the season. There are some difficulties with these data based on the different league rules pertaining to the American League’s (AL’s) designated hitter (DH) position. DHs are classified as LFs, making the number of LFs twice as large as any other position and possibly skewing results because characteristics of DHs and LFs differ…

    • 2915 Words
    • 12 Pages
    Powerful Essays
    Read More
  • Good Essays

    Witt And Witt Summary
    • 405 Words
    • 2 Pages

    Witt And Witt Summary

    In the scientific report, See the Ball, Hit the Ball, scientists, Jessica Witt and Dennis Proffitt, discussed their study of ball size perception when players are hitting well as opposed to when they are in a slump. The report included a background of the research, the methods used, the results, and a discussion of the study. Witt and Proffitt conducted the study to determine how performance efficiency and perception are correlated by determine if there is a relationship between hitting success and perceived ball size.…

    • 405 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    BUS 308: Statistics For Managers
    • 1214 Words
    • 5 Pages

    BUS 308: Statistics For Managers

    What I’ve learned throughout this BUS 308: Statistics for Managers course, is that data collected for the purpose of business or life can be interpreted into numerical forms such as nominal, ordinal, interval and ratio data scales which gives a better outcome on measurements and counts for the sole purpose of developing, researching, or discussing ways on how to make their business or personal lives more understandable. I’ve learned how to also calculate formulas in spreadsheets to arrive at these conclusions. Throughout this course there were…

    • 1214 Words
    • 5 Pages
    Better Essays
    Read More
  • Powerful Essays

    Baseball Sabermetrics
    • 1756 Words
    • 8 Pages

    Baseball Sabermetrics

    A player was evaluated using averages from the following categories: hits, runs, runs-batted-in, homeruns, and stolen bases. While somewhat effective, these can be very linear at times considering the amount of variables involved within the game of baseball. If one looks at a player such as David Ortiz in 2003, his regular season stats alone would leave out much of what Ortiz did as a whole. While above average for a power hitter, his regular season batting average of .309 pales in comparison to the .760 average he achieved in the World Series. Statisticians began to realize that a blanket average of an entire baseball season was not enough to judge the worth of a player, thus the creation of more situational-based categories. Baseball began to look at a player for their strengths in particular situations rather than clumping all data to create a skewed average that does not reveal their usefulness in a specific role for the team. Sabermetrics takes these numbers and refines them as they pertain to filling a specific hole or a gap in a team’s…

    • 1756 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Casey at the Bat in Depth
    • 948 Words
    • 4 Pages

    Casey at the Bat in Depth

    First and foremost, nowadays attendance rates amongst professional baseball games can be in the thousands. When that many people are grouped together, the…

    • 948 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Money Ball Statistics
    • 748 Words
    • 3 Pages

    Money Ball Statistics

    The Major league baseball draft is the most important component to a successful season. All throughout the season the owners of each team sends over thirty scouts all across the country to find the best high school and college players. Then they report back to their teams and they make a list of the players with most important to least important. Then the last couple days consist of them picking at every flaw that they can find in the players than adjusting their list accordingly. In chapter two this is the scene that is taking place. Gathered around a large table, all of the scouts for the Oakland A’s are sitting at tables with their neat stacks of paper with all of the information about their favorite prospects. They go around the table telling why each player is worth a first round pick. The General Manager of the Oakland A’s, Billy Beane is in charge of this meeting but sense he wasn’t the one to go around and actually see the players he is mainly just listening and letting the scouts work out the players. There is another man by the name of Paul DePodesta, Billy’s assistant, is also sitting quietly. He is the only one in the room with a laptop on the table in front of him. If there was someone who represented statistics this would be him. The difference between Paul and the rest of the…

    • 748 Words
    • 3 Pages
    Powerful Essays
    Read More
  • Good Essays

    Monopolies In Major League Baseball
    • 275 Words
    • 2 Pages

    Monopolies In Major League Baseball

    According to an article in the Review of Industrial Organization, the Major League Baseball (MLB) generated $6 billion in monopoly revenues in 2007 (Vrooman, 2009, p. 7). More to the point, with the opening of the Yankee stadium in 2009, baseball tickets continued to soar in spite of a recession because of a limited capacity in an economic and demographic market that is consistently expanding (Site). Since the Supreme Court (1922) ruled that baseball is not a business, but a sport, the MLB has taken advantage of the federal anti-trust law exemptions, and created barriers that prevent competition. Consequently, the owners within the league created monopolies that control prices while maximizing profit.…

    • 275 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    Mlb Economic Project
    • 1951 Words
    • 8 Pages

    Mlb Economic Project

    A lot of studies look at the effects of pay inequality on performance. DeBrock, Hendricks and Koenker (2004) had study the effects of pay inequality on performance in Major League Baseball (MLB . There results conclude that pay inequality is associated with poor performance. Frick, Prinze and Winklemann (2003) study the effects of pay inequality in all four major leagues in North America. They find that inequality improves team performance in basketball and worsens team performance in baseball. They find no statistically significant effect of inequality on performance in football and hockey.…

    • 1951 Words
    • 8 Pages
    Better Essays
    Read More
  • Powerful Essays

    Steroids Ruin Mlb
    • 1142 Words
    • 5 Pages

    Steroids Ruin Mlb

    Cited: Corliss, Richard. “Baseball Takes A Hit: A Steroid Probe Involving Top Players Threatens To Blight The Game, Anger Fans and Alter Record Books.” Time 15 Mar. 2004: 71. Academic OneFile. Gale. University of Minnesota Duluth Lib., 23 Mar. 2010 .…

    • 1142 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    Super Crunchers Analysis
    • 491 Words
    • 2 Pages

    Super Crunchers Analysis

    Created a formula to measure a hitter’s contribution to runs created; it put more emphasis on a player’s on base %…

    • 491 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Summary: Labor Relations In Major League Baseball
    • 388 Words
    • 2 Pages

    Summary: Labor Relations In Major League Baseball

    As can be seen labor relations in the Major League Baseball has evolved tremendously. Once scared by consecutive work stoppages, the Major League Baseball Association recently completed yet another peaceful bargaining agreement. Without a doubt this cohesive relationship between club owners and unions was not always peaceful and was learned through hard financial consequences. Although management and unions may not share the same outlooks at all times, they both share common grounds to create a trusting environment for their players giving the past history of anti-trust laws, salary caps, luxury taxes and critical issues facing drug testing for illegal performance enhancing substances.…

    • 388 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Baseball Research Paper
    • 374 Words
    • 2 Pages

    Baseball Research Paper

    On the research topic of major league baseball our goal is to research the dependence of salary, wins, and how many attend the games on an average. The issue is do salaries and overall team revenue based on wins or individual talent. Through research this question of is does the overall team salary depend on one more than the other. Is one factor more important than the next. Also is whether the league national or American plays a role in the overall salary from the start not factoring in the statistics of the actual games played by the team. Through the research we know that fourteen out of the twenty nine teams are Amercian. Of those fourteen teams none of which have the most of wins. The team with the most wins is St. Louis. However on average the American have an overall higher win average. The New York Yankees of the American League has the most attendance. But this could be dependent of population of actual city and not the amount of wins. The New York Yankees also has the biggest sized stadium. Along with 229 home runs the most in the league. This team has a high performance rate. The next highest paid team by the millions is the Boston Red Socks. They are paid 123.5 million dollars. This is also an American League team. They tie with wins with the Yankees at 95 wins. So there’s a problem with dependency among the 29 major league teams and how they get the team salary from the data. Through our research we will find the most impacting factors that end up making the final salaries by the million in major league baseball teams. But then if we move to Cleveland they only bring in 41 million to the team but they have 93 wins. There are a lot more teams making much more than them with far less wins like the Mets with 101.3 million with only 83 wins or Detroit with 69 million and only 71 wins. So this shows that it cannot be fully depend on wins alone. Through our research the question of salary and its factors of dependency in major league baseball will be…

    • 374 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    A Rod Case Study
    • 765 Words
    • 4 Pages

    A Rod Case Study

    The 10 year contract which Tom Hicks and his team proposed for Alex Rodriguez was one of the biggest ever in the history of Baseball. It was a major Investment decision for the group. The Group had taken over the Dallas Stars few years earlier and spent on buying quality players. This worked wonders for the team and Dallas Stars went on to lead the group. Tom Hicks had a policy of spending 50-55% of team revenue on team payrolls. If that is maintained he always gains an operating profit of 10-15%.…

    • 765 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Qnt/351 Statistic Business
    • 308 Words
    • 1 Page

    Qnt/351 Statistic Business

    Statistics plays a big role in making big business decisions because businesses need to be able to create their business based off what would be able to bring them the most business based off what their customers are looking for. For example, my first job that I had working at a fast food restaurant while I was still in high school, and the manager would have to gather all our sales data to determine how our schedule will be for the following week. Another example of how statistics are used in business is when companies are looking to release a new product. They need to be able to analyze the needed information to then determine what would be the right sales price, product labeling, and when it would be the right time to release their new product as well. There are a lot of different types of statistics that are used all the time in all different types of business fields and many people really don’t realize it. Like when a business decides to make their store hours based off what will be able to meet the needs of their customers and be available during those…

    • 308 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    The Pascal's Wager Analysis
    • 1121 Words
    • 5 Pages

    The Pascal's Wager Analysis

    Section III of the Pensees is widely recognized as the Pascal's Wager. In this section, Pascal makes perhaps one of the most convincing argument in the history of philosophy. The French philosopher, physicist, and mathematician posited that human beings commonly bet with their lives on whether God exists or not. In paragraph 234, the philosopher notably affirms that if humans must act solely on the merit of some measure of surety or certainty, then they ought not to count on religion because it is not certain. Nonetheless, Pascal points out that human beings have been taking part in a lot of other uncertain activities such as sea voyages and battles, and thus religion should not be bargained. With that in mind, it appears that almost everything in human life is uncertain, but Pascal affirms that religion inherently has more certainty, as compared to a prediction of whether one might see tomorrow or not. The author takes into assumption that no one can thoroughly explicate religion, and consequently, it is not utterly sure whether it exists or not. He does argue, that seeking to prove that religion does not exist is undoubtedly a very daunting…

    • 1121 Words
    • 5 Pages
    Good Essays
    Read More

Related Topics