Currently browsing

May 3, 2006

The Law of Diminishing Returns and the NBA

The Phoenix Suns finished the 04-05 season with 62 wins.  Before the 05-06 campaign began the Suns lost three very productive performers – Quentin Richardson, Joe Johnson, and Amare Stoudemire.  How productive were these players?  In our book we detail how the statistics tabulated for the players can be used …

The Passing of a Great Economist

Our book is about applying economics to the study of sports.  In telling our stories, we made mention of a number of economists.  One of the first we mention is John Kenneth Galbraith, who died last Saturday at the age of 97.  On my website I have the picture of …

Rational Actors in Sports

A few weeks ago I noted the research of Cade Massey and Richard Thaler.  At ESPN.com, Tuesday Morning Quarterback – Gregg Easterbrook – casts doubt on the work of these two economists. According to Easterbrook:  “Researchers Richard Thaler of the University of Chicago and Cade Massey of Yale got some …