“An Economic Evaluation of the Moneyball Hypothesis,”

Before you write your paper you should listen to EconTalk and read the following resources:
Hakes and Sauer, “An Economic Evaluation of the Moneyball Hypothesis,” Journal of Economic

Perspectives,
Summer 2006, pp. 173- 186.
Thaler, R. H., & Sunstein, C. R. (2003). Who’s on first? New Republic, 229(9), 27–30.
http://www.law.uchicago.edu/news/sunstein090103
EconTalk Episode with Skip Sauer “The Economics of Moneyball”
http://www.econtalk.org/archives/2006/10/the_economics_o_8.html
Your paper must be typed and should be 2 to 3 double-spaced pages. In writing your paper you need to
answer the following questions;
What traits of professional baseball players are overvalued and what traits are undervalued?
Why is on-base percentage better measure of players’ performance than other conventional measures?
How did Hakes and Sauer paper statistically prove the Moneyball hypothesis?
Can you think of any example similar to Moneyball phenomenon, which is called “creative distruction” by
Joseph Schumpeter, where innovations replace existing methods with superior and cheaper methods?

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