In: Statistics and Probability
As Kevin Rudy explains in “Moneyball Shows the Power of Statistics,” “[t]he movie Moneyball tells the story of how Oakland Athletics general manager Billy Beane used statistics to assemble and manage his baseball team.” 1Whether or not you have seen the movie, you can probably guess this approach was met with resistance. When Billy Beane first used this approach, managers took other factors into consideration. For example, little known or unknown players were not typically recruited over well-known, established players.
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