Assignment 3: Money ball

Money ball, a book by Michael Lewis (2003), highlights how creativity, framing, and robust technical analysis all played a part in the development of a new approach to talent management in baseball. It also exhibited great examples of the biases and psychological pitfalls that plague decision makers.

Review the article “Who’s on First?” by Theiler & Sun stein (2003) from this module’s assigned readings. This article reviews the book Money ball by Michael Lewis.

Write a critique of the article including the following points:

• Examine why saber metric-based player evaluation is such a shock to other executives in baseball.
• Evaluate why Bean is much more effective in his success by constructing a matrix of pitfalls and heuristics that highlight the differences between Beanies team and other executives.
• Money ball highlights how people tend to overestimate the likelihood of success and end up facing financial loss—in this case, it meant forfeiting millions of dollars. Analyze a professional or personal decision (yours or otherwise) that highlights this predilection in spite of substantial losses.
• Explain how you would apply Moneybags management lessons in your own endeavors.

Write a 3–5-page paper in Word format. Apply SPA standards to citation of sources. Use the following file naming convention: Last name First Initial_M1_A3.doc.

By Wednesday, June 15, 2016, deliver your assignment to the M1 Assignment 3 Dropbox.