Offensive performance, omitted variables, and the value of speed in baseball
AbstractThis note considers the problem of estimating the marginal products of offensive events towards a baseball team's objective of scoring runs. Regression techniques on official statistics give a positive marginal product for a stolen base attempt, which is inconsistent with the theory of mixed strategy Nash equilibrium. Augmenting the specification of the production function to include other productive qualities of footspeed restores estimates consistent with equilibrium theory.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 89 (2005)
Issue (Month): 3 (December)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- Theodore L. Turocy, 2003. "Offensive Performance, Omitted Variables, and the Value of Speed in Baseball," Econometrics 0312005, EconWPA.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mark Walker & John Wooders, 2001. "Minimax Play at Wimbledon," American Economic Review, American Economic Association, vol. 91(5), pages 1521-1538, December.
- P.-A. Chiappori, 2002. "Testing Mixed-Strategy Equilibria When Players Are Heterogeneous: The Case of Penalty Kicks in Soccer," American Economic Review, American Economic Association, vol. 92(4), pages 1138-1151, September.
- Herman O. Stekler & David Sendor & Richard Verlander, 2009.
"Issues in Sports Forecasting,"
2009-002, The George Washington University, Department of Economics, Research Program on Forecasting.
- Theodore L. Turocy, 2012. "An inspection game model of the stolen base in baseball: A theory of theft," University of East Anglia Applied and Financial Economics Working Paper Series 032, School of Economics, University of East Anglia, Norwich, UK..
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