Reasonable Nuts

Sometimes nuts. Always reasonable. We are REASONABLE NUTS.

Saturday, December 23, 2006

The Wikipedia Watchword of the Day - 12/23/2006

The Wikipedia Watchword of the Week is

Moneyball

[R]eal statistical analysis has shown that on base percentage and slugging percentage are better indicators of offensive success and that avoiding an out is more important than getting a hit. Every on-field play can be evaluated in terms of expected runs contributed. For example, a strike on the first pitch of an at-bat may be worth - 0.05 runs. This flies in the face of conventional baseball wisdom and the beliefs of many of the men who are paid large sums to evaluate talent.

By re-evaluating the strategies that produce wins on the field, the Athletics, with approximately $71 million in salary, are competitive with the New York Yankees who spend over $207 million (in 2005/2006) annually on their players. Oakland is forced to find players undervalued by the market, and their system for finding value in undervalued players has proven itself thus far.


Most intriguing is the reference to Kevin Youklis as "The Greek God of Walks". The strategy of recruiting workhorses and not showhorses has spread to other sectors of the economy, such as law schools.

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