Posts Tagged ‘Moneyball’

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    Michael Lewis and the Extra Cookie

    Jun 27, 12 • 209 Views • Economic Humor, Education, UncategorizedNo Comments

    During his 2012 Princeton Baccalaureate Address, financial writer Michael Lewis describes a college psychology experiment in which students were divided into teams, each composed of 3 people with a randomly assigned a leader. Given a social problem like

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    Moneyball Economics

    Sep 27, 11 • 433 Views • Businesses, Demand, Supply, and Markets, Economic Thinkers, Financial Markets, Innovation, Labor, Thinking EconomicallyNo Comments

    A wonderful baseball movie, Moneyball is also about economics. The story focuses on the Oakland Athletics, a second-tier baseball team with a small budget. A speedy runner? A homerun hitter? The stars cost many millions that Oakland just did not have. Faced