Question details:
Moneyball, 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 Thaler & Sunstein (2003) from this module’s assigned readings. This article reviews the book Moneyball by Michael Lewis.

Write a critique of the article including the following points:
Examine why sabermetric-based player evaluation is such a shock to other executives in baseball.
Evaluate why Beane is much more effective in his success by constructing a matrix of pitfalls and heuristics that highlight the differences between Beane’s team and other executives.
Moneyball 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 Moneyball’s management lessons in your own endeavors.
Write a 3–5-page paper in Word format. Apply APA standards to citation of sources.

Moneyball Analysis!

Assignment: Moneyball Analysis.

This paper should be written in 12 point Times New Roman font, double-spaced, with one-inch margins on all sides. The page limit for this write up is 4 pages.

Assignment/Paper Description: Moneyball Analysis

Using concepts from Session 4, please answer the following questions: (A page of indepth and quality analysis to each answer)

1. According to Lewis, the Oakland A’s seem to have discovered an opportunity in the market for baseball players. Why did this opportunity exist? Why had no other teams learned about it? How could apparently false beliefs about the value of players persist?

2. What were the problems of implementing this different approach to selecting and evaluating players? Why was Billy Beane able to do it?

3. Assuming other teams discover the same opportunities, what should the A’s do?

4. Can you think of an example of an industry where a similar opportunity could exist? How would you go about exploiting it and what factors would you take into consideration when doing so?

The Moneyball pdf ebook has been uploaded with my order as an additional file alongside the SESSION 4 lesson power point slides. Thanks!

Moneyball Analysis!

Assignment: Moneyball Analysis.

This paper should be written in 12 point Times New Roman font, double-spaced, with one-inch margins on all sides. The page limit for this write up is 4 pages.

Assignment/Paper Description: Moneyball Analysis

Using concepts from Session 4, please answer the following questions: (A page of indepth and quality analysis to each answer)

1. According to Lewis, the Oakland A’s seem to have discovered an opportunity in the market for baseball players. Why did this opportunity exist? Why had no other teams learned about it? How could apparently false beliefs about the value of players persist?

2. What were the problems of implementing this different approach to selecting and evaluating players? Why was Billy Beane able to do it?

3. Assuming other teams discover the same opportunities, what should the A’s do?

4. Can you think of an example of an industry where a similar opportunity could exist? How would you go about exploiting it and what factors would you take into consideration when doing so?

The Moneyball pdf ebook has been uploaded with my order as an additional file alongside the SESSION 4 lesson power point slides. Thanks!