Is Moneyball a Myth? Perceived Advantages to Sabermetrics vs Reality

20 Pages Posted: 8 Jul 2015 Last revised: 27 Jul 2015

See all articles by Ramy Elitzur

Ramy Elitzur

University of Toronto - Rotman School of Management

Date Written: July 7, 2015

Abstract

Moneyball (2003) exposed readers to the use of advanced statistics, or Sabermetrics, in baseball and how it improved the ‘bang for the buck’ in selecting baseball players. It also offered the seductive idea that quantitative geeks could beat jocks in baseball personnel decisions. The main research question that I address is whether, as the book claims, Sabermetrics has indeed provided an advantage to general managers and teams using Moneyball thinking, or is it just a myth? Furthermore, if Moneyball was effective at one point of time has outing the ideas of Sabermetrics has fundamentally altered other teams’ decision making process and made the Moneyball effect go away?

Keywords: MoneyBall, Baseball, Sabermetrics, Valuation Anomalies, Sport Analytics

JEL Classification: Z02, Z20, Z21

Suggested Citation

Elitzur, Ramy, Is Moneyball a Myth? Perceived Advantages to Sabermetrics vs Reality (July 7, 2015). Rotman School of Management Working Paper No. 2627721, Available at SSRN: https://ssrn.com/abstract=2627721 or http://dx.doi.org/10.2139/ssrn.2627721

Ramy Elitzur (Contact Author)

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

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