O'Reilly logo

Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports by Martin B. Schmidt, David J. Berri

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

6. The Pareto Principle and Drafting Mistakes

There is no “I” in team.

This one sentence captures the essence of teamwork. Teams are more likely to succeed when each team member places the group ahead of himself or herself. This ethos often leads people to conclude that individuals don’t matter on a team. In essence, a team is a community of equals.

When we think of the NBA, though, it’s clear that everybody isn’t equal. Players like Magic Johnson, Hakeem Olajuwon, Tim Duncan, and LeBron James are not “just as good” as everyone else on their respective teams. There simply is a significant disparity between the productivity of these players and the productivity of their teammates.

The Pareto Principle and Losing to Win

This disparity can be ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required