Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports
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Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports

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by David J. Berri, Martin B. Schmidt
     
 

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The next quantum leap beyond Moneyball , this book offers powerful new insights into all human decision-making, because if sports teams are getting it wrong this badly, how do you know you're not? Sometimes the decisions that teams make are simply inexplicable. Consider: sports teams have an immense amount of detailed, quantifiable

Overview

The next quantum leap beyond Moneyball , this book offers powerful new insights into all human decision-making, because if sports teams are getting it wrong this badly, how do you know you're not? Sometimes the decisions that teams make are simply inexplicable. Consider: sports teams have an immense amount of detailed, quantifiable information to draw upon, more than in virtually any other industry. They have powerful incentives for making good decisions. Everyone sees the results of their choices, and the consequences for failure are severe. And yet... they keep making the same mistakes over and over again... systematic mistakes you'd think they'd learn how to avoid. Now, two leading sports economists reveal those mistakes in basketball, baseball, football, and hockey, and explain why sports decision-makers never seem to learn their lessons. You'll learn which statistics are connected to wins, and which aren't, and which statistics can and can't predict the future. Along the way, David Berri and Martin Schmidt show why a quarterback's place in the draft tells you nothing about how he'll perform in the NFL... why basketball decision-makers don't focus on the factors that really correlate with NBA success... why famous coaches don't deliver better results... and much more.

Editorial Reviews

From the Publisher

As seen on The New York Times' Freakonomics blog, ESPN.com's True Hoop, and Slate.com.

"In Stumbling on Wins, sports economists Berri (Southern Utah Univ.) and Schmidt (College of William and Mary) follow up their The Wages of Wins (with Stacey Brook, CH, Jan'07, 44-2764) with more modeling and number-crunching applications. The holy grail remains the same: understanding and improving decision making on the court, field, and ice and in the front offices of North American professional team sports. Summing Up: Recommended. Sports and sports economics collections at all levels. Reprinted with permission from CHOICE, copyright by the American Library Association.

Product Details

ISBN-13:
9780132357784
Publisher:
FT Press
Publication date:
03/22/2010
Pages:
237
Product dimensions:
5.90(w) x 9.00(h) x 0.90(d)

Meet the Author

David J. Berri is associate professor of economics at Southern Utah University. He has written extensively on sports economics for academic journals, newspapers, and magazines, including The New York Times.

Martin B. Schmidt, professor of economics at the College of William and Mary, specializes in sports economics and macroeconomics. His writing has appeared in the field’s leading academic and general interest journals, including The New York Times.

Berri and Schmidt coauthored The Wages of Wins and maintain a popular blog, The Wages of Wins Journal, which discusses the economics of sports decision-making (dberri.wordpress.com).

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Stumbling on Wins 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
The day an NBA team hires these guys, they guarantee themselves a serious string of championships. A fun req dfor any sports fan, and a must-read for anyone in the business.