Billy Beane provides a lot of excellent quotes in Moneyball, but perhaps none better than the following exchange with a scout: “Over and over the old scouts will say, “The guy has a great body,” or, “This guy may be …
In basic economics, supply and demand intersect at a point Q* and P*, where these values represent the equilibrium. But when supply is reduced, and demand is increased, the equilibrium changes. The market eventually corrects and the new equilibrium is …
Baseball Theory: Supply and Demand in the Trade Market Read more »
With the deadline passing to add prospects to the 40-man roster, an accessible list of the top prospects could be of value. Baseball America has a list of the top draft picks (first three rounds with a detailed breakdown of …
In economics, the two main branches are microeconomic theory and macroeconomic theory, each having subfields such as labor economics, game theory, contract theory, applied, etc. with econometrics being the tools used to study economics. If economics is the study of …
As Statcast turned from using Trackman (radar based) to Hawkeye (optical), more data has become available. Additionally, over the years, a focus on spin – rate and direction – has become more mainstream and we now have a better understanding …
This post is another on the topic of behavioral economic theory, after writing about understanding bias in decision making by the manager and General Manager and further by looking at how Prospect Theory can explain why teams are hesitant to …
Prospect Theory: Mental Accounting… Delayed Production Read more »
In my last blog post, I referenced behavioral economics and tried to explain why field managers and front offices make certain decisions. There was one behavioral economics theory – the most commonly known one – that I left out, Prospect …
My background is in economics – it is my undergraduate degree and I am currently a master’s student in the subject – and one of the biggest components in the field is understanding decision making. How does a firm maximize …
Understanding Bias in Decision Making: Managerial and Front Office Read more »
Baseball Prospectus released their new version of a runs allowed estimator back in 2015. The new measurement called Deserved Run Average (DRA), is a mixed model controlling for various factors (adjusts for context such as score and catching framing for …
Analyzing Pitchers: Supplementing DRA with Statcast Data Read more »
Internally at TDK Baseball, I have been working to move a version of scouting a stat line to a regression based model, focusing on estimated WAR and Future Value grades of prospects. The initial iteration had Mitch Keller’s 2019 season …
Scouting Pitchers: An Insight on Griffin Canning, Mitch Keller, and JT Brubaker Read more »