decision model
Bigwenis2013Moneyball, 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. Use the following file naming convention:
- 7 years ago
- 5
Answer(2)
Purchase the answer to view it
- fff.docx
Purchase the answer to view it
NOT RATED
- B6025-PManagementDecisionModels-Moneyball.docx
Bids(1)
other Questions(10)
- ACCOUTING HOMEWOK
- Law class choice questions
- english homework
- Part 3 SWOT Analysis
- GEN499 General Education Capstone WEEK 1 DISCUSSION AND ASSIGNMENT
- management
- how do i solve the following (DO NOT DO FOR ME!!! SHOW ME HOW!!): the ratio of the number of adults...
- For Expert_Researcher Only***Week 2 The Literature Review (Brief)***
- Estimating Cash Flows
- Write a research paper that analyzes methods used to appropriately manage groups and teams. In your paper, be sure to include the following: •Discuss the process of evolving a group into a team, and discuss the importance of organizational culture in tha