Browsing All Posts published on »May, 2007«

Playing the Ponies, for Fun and Profit

May 20, 2007 by


Guest blogger Steve Walters is Professor of Economics at Loyola College in Maryland—a key fringe benefit of which, it turns out, is its proximity to Pimlico Race Track, the site of this year’s epic Preakness. Disgusted by steroidal outfielders, felonious point guards, and sociopathic running backs? Looking for a purer, more virtuous sport to call […]

The Value of WoW

May 18, 2007 by


Last fall I quoted from the cover story of the October issue of PROFIT magazine [“How Canada’s Top Achievers Attain Peak Performance”]. The author of the article, Kara Kurylllowicz, “asked some of Canada’s brightest lights in business, sports, media and the arts to share the techniques and resources they use to achieve peak performance.” One […]

Rondo for ROY

May 17, 2007 by


The choice for best rookie was pretty easy last year. Chris Paul was easily the top rookie in 2006, leading rookies in points scored, NBA Efficiency, and Wins Produced. At the All-Star break it looked like Rookie of the Year would be a pretty easy choice in 2007 as well. Back in January I wrote […]

Speeding Up Time for Bill Simmons

May 15, 2007 by


Bill Simmons declares the following in the May 21st issue of ESPN the Magazine: Fifty years from now, some stat geek will crunch numbers from Duncan’s era and come to the conclusion that Kevin Garnett was just as good. And he’ll be wrong. No NBA team that featured a healthy Duncan would have missed the […]

Almost Back

May 14, 2007 by


Okay, I am almost back to posting on a semi-daily basis. Tomorrow I plan on posting a comment that I have tentatively titled “Speeding Up Time for Bill Simmons.” But today is not tomorrow, so I thought I would quickly update the WOW Journal with one more comment on the Price-Wolfers study. In the Daily […]

Baseball’s Arms Race and the Prisoner’s Dilemma

May 10, 2007 by


By very popular demand, guest blogger Steve Walters is back.  As noted before, Steve teaches economics at Loyola College in Maryland but remains a fan of his hometown Red Sox, Celtics, Patriots, and Bruins. Today he provides insights into the Clemens deal that you will not find anywhere else. Imagine you’re a police detective and […]

More on Referee Bias – the Twelfth Man in European Soccer

May 9, 2007 by


Today’s guest blogger is Rob Simmons. Rob is a Senior Lecturer in Economics (in the U.S. this would be an associate professor) at Lancaster University, UK. One of the more prolific sports economists in Europe (and the world), Rob is on the editorial board of both the International Journal of Sports Finance and the Journal […]

Is Roger Clemens Worth the Money?

May 7, 2007 by


Is Roger Clemens worth his new contract? You can read JC Bradbury’s take at Sabernomics. Or you can listen to Steve Walters online on Bloomberg Radio, at 1:50 pm (Eastern) this afternoon.

Ian Ayres comments on Price-Wolfers

May 6, 2007 by


For those who cannot get enough of the Price-Wolfers (or is it Wolfers-Price?) story, Ian Ayres has posted a great comment entitled: Michael Jordan and the NBA refs.  Not only does he offer more explanation of the Implicit Association Test (IAT), but also provides background on the role the “experts” (Larry Katz, Ayres, and myself) […]

For the Love of the Game — WOW edition

May 6, 2007 by


Steve Walters is busy grading and I am still working. But I don’t want the Wages of Wins Journal to remain un-updated (is that a word?) for too long. Originally I intended the following to be a Keeping Score column for the New York Times. But as you will see, it’s not very good. Luckily, […]