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Why So Much Depends on So Little That Is Quantifiable

The Old:Out with intuition. In with sabermetrics.
The New:Return to intuition. It may well be our only sustainable source of advantage.
The Challenge:How to use numbers to ask the right questions.

Michael Lewis’s best-selling Moneyball has all the hallmarks of a good story: colorful characters, cutting-edge analytical data, the excitement of novelty, and the thrill of competitive sports. That said, it isn’t so much a book about baseball—though it is that—as it is about the business of arbitrage or the process of identifying inefficiencies in the market for players. Thus, Lewis makes much of the Oakland A’s ability to identify and then buy undervalued players by developing them and then ...

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