Market Failures in Everything: Baseball Edition
A while ago an excellent book came out called "Moneyball". Despite Joe Morgan's fervent protestations, it was not written BY Billy Beane but rather ABOUT him and the basic economic idea of trying to find underpriced assets in the baseball talent pool.
One of the most striking concepts in the book is that a lot of traditional baseball thinking, often summed up as "smallball" or "situational hitting" is wrong-headed. You only have 27 outs and it's generally not worth burning one to move a runner up a base, so bunting, the "hit and run to stay out of the double play", going the other way to move a runner are generally not winning maneuvers.
Apparently Ozzie Guillen hasn't gotten the memo, as he appears to be blaming the White Sox's disastrous 2007 season on not playing enough small-ball and is promising to have everybody doing a lot more counterproductive stuff next year.
You're going to see a lot of crazy stuff in spring training, regardless of the baserunning," Guillen said during a conference call. "You're going to see hit-and-run [plays] when it's not a hit-and-run situation. You're going to see people bunting when it's not a bunting situation.
The full article is here, the awesome deconstruction by the talented Ken Tremendous on FJM is here.
Labels: The Arts