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.
Lewis, M. (2003). Money ball. New York, NY: W. W. Norton & Company.
Hashish, A. M. (2001). When to TRUST Your GUT. Harvard Business Review, 79(2), 59–65.
|Assignment 3 Grading Criteria||
|Explained why saber metric-based player evaluation is a shock to other executives in baseball.||
|Analyzed Beanies effectiveness in a matrix of pitfalls and heuristics.||
|Analyzed a professional or personal decision that highlights the tendency to overestimate the likelihood of success.||
|Applied Money ball management lessons in personal endeavors.||
|Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.||