Browsing All Posts published on »May 3rd, 2006«

The Law of Diminishing Returns and the NBA

May 3, 2006 by


The Phoenix Suns finished the 04-05 season with 62 wins.  Before the 05-06 campaign began the Suns lost three very productive performers – Quentin Richardson, Joe Johnson, and Amare Stoudemire.  How productive were these players?  In our book we detail how the statistics tabulated for the players can be used to measure a player’s Wins […]

The Passing of a Great Economist

May 3, 2006 by


Our book is about applying economics to the study of sports.  In telling our stories, we made mention of a number of economists.  One of the first we mention is John Kenneth Galbraith, who died last Saturday at the age of 97.  On my website I have the picture of three economists who I think […]

Rational Actors in Sports

May 3, 2006 by


A few weeks ago I noted the research of Cade Massey and Richard Thaler.  At, Tuesday Morning Quarterback – Gregg Easterbrook – casts doubt on the work of these two economists. According to Easterbrook:  “Researchers Richard Thaler of the University of Chicago and Cade Massey of Yale got some ink for a study suggesting […]