Zimmerman: Behavioral economics and fantasy baseball
From SABR member Jeff Zimmerman at FanGraphs on January 4, 2018:
I’ve been digesting all the literature on behavioral economics I can find as I stated in an article earlier this week. This focus area has gotten quite a bit of attention in the past few years with Richard Thaler and Daniel Kahneman each winning the Nobel Prize in economics for their work in this field. Thaler (Misbehaving) and Kahneman (Thinking Fast and Slow) have each written must-read books on the subject. I recommend both books, they are loaded with information. To give a brief induction into the various behavioral economic concepts and their application to fantasy baseball, I will utilize a speech given by the Wall Street Journal’s Jason Zweig on the subject.
This speech is the most compact but useful bit of information I’ve read on behavioral economics. It’s a great starting point for owners to begin to mull over these concepts and how to apply them to the game they love. While Zweig’s full speech can be found on his website, here are 10 main points and how I see them applying to fantasy baseball. Besides the links to fantasy baseball I’ve noticed, there are more I missed for please do your own study.
Read the full article here: https://www.fangraphs.com/fantasy/behavioral-economics-fantasy-baseball-an-introduction/
Originally published: January 4, 2018. Last Updated: January 4, 2018.