November 3, 2011
After watching the movie “Moneyball” last month, I have decided to
read the original book “Moneyball: The Art
of Winning an Unfair Game”, in which Michael Lewis tells the
story of Oakland A's general manager Billy Beane's attempt to put together a
baseball club with a low budget by employing quantitative analysis to draft his
players (looking for undervalued players in the market).
In addition to the
mathematical method involved in Beane’s management, another
interesting concept is the measure of financial efficiency mentioned in this
book: how many marginal dollars does a team spend for each marginal win.
Especially for people with an economics background, doesn’t it sound pretty
familiar, ha?
Generally speaking, this book gives an example of how an unscientific
culture responds, or fails to respond, to the scientific method, just as Michael Lewis
wrote in the preface. And I am excited to know more details in this story.
I have started the reading in my kindle, and just finished
Chapter One: The Curse of Talent.
--
Lorena Li
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