Monday, April 16, 2012

I'd love to see the distribution on those retributions

This article claims that El Salvador's first murder free day in almost 3 years is due to a change in security measures. I'm a little more skeptical. Clearly the murder rate isn't bound above zero. It might be unlikely given their homicide rate of 66 per 100k, but there is nothing that leads me to believe that it might not happen randomly (in fact I think it just might have). Making an attribution like this would be very well backed up by reporting a homicide rate that has fallen since the new measures have taken place.

Saturday, April 14, 2012

MLB.tv blackout policy

I bought MLB tv for $125 a season. The price was high but seemed justified because a) I love cubs games and live out of market b) I like baseball and my TV is often off because I dont pay for cable c) I can watch games on my tablet anywhere I have WIFI.

I have never been one to give up something I enjoy to make a point. I'm a logical person and if I get more benefit from using something than the cost of the frustration resulting from whatever I would be making a point out of, I stick with it. However, I may cancel my MLB tv subscription just to make a point. MLB tv blacks out games in local networks, blacks out the playoffs, and blacks out games on Sat 1-8pm and Sun after 5pm.

The service is specifically marketed to people wanting "to watch out of market games" so I could deal with the first restriction. I think the MLB is making a mistake by missing out on the trend of consumers detaching themselves from cable, but whatever. 

Blacking out playoff games is annoying, because they dont really black them out (they just make you pay more for them). Again, I don't agree with this (they should at least change the name from 'full season' to 'regular season') but I can't hate for them wanting to make money. I could deal with this.

The weekend blackout is something I cannot deal with. The purpose behind the blackout is that Fox has been granted Saturday afternoon exclusivity. This means they pick a couple of games to play on TV (sometimes local, but typically its a Yankees, Red Sox or Dodgers game) and tells everyone else to go screw off. Dont want to watch the Yankees play the Angels? Too bad, its that game or its nothing. 

Baseball games are not identical goods. If I cant watch the cubs play, I wont automatically sit down on the couch and watch the Yankees play because baseball is baseball. There are a few people who might do this, but they are far from the majority. I realize Fox is making more money this way, and this means the MLB is making more money, but they are hurting so many fans and potential fans in their pursuit of a small bump to their profit line. Its a travesty, and I just dont know if I can stand for it.

Wednesday, April 11, 2012

Fantasy Baseball Shotgun Strategy

I've been struggling to find a decent fantasy baseball (FBB) league. I became tired of my old league and was set to use 2012-2013 to find a league of serious owners to start a long-term auction keeper league next year. To play this format, you need to be more active and knowledgeable than the average bear. My strategy was a shotgun method of meeting people; I would join a large number of leagues and handpick active and intelligent owners.

Unfortunately, this is taking up far too much time for the information I am gaining. It has shown me a huge flaw in the websites that offer free fantasy baseball (namely the three largest, ESPN CBS and YAHOO). You have the choice to join a private league by invite, or a public league. The public league is essentially worthless. In the ~10 drafts I took place in, only one had more than half the owners show up. While this does not mean their team will be poor, it is far from a good sign that they will be active participants. Of those half that did show up, less than half were setting lineups during week three. Almost none of those who did not show up for the draft has had any activity.

It baffles me how one of these websites has not found a way to set up an index to judge owner activity. The closest I have found was 'winners leagues'. Using winners to judge activity may have high sensitivity, but it has an exceptionally low specificity. Creating an index with moves per week, percentage of season played, and/or number of weeks starting a player on the DL would do a lot to entice active owners to one of these three sites. These are the owners who are generating the most add revenue and would represent the most valuable commodity for the site. Why has no one figured this out?  

Wednesday, March 28, 2012

Fantasy Baseball and revealed preferences

Nothing makes me happier than when I can use economics to make a point that someone else is being an @$$. There is an owner in one of my fantasy baseball league who has a history of being a bit of a stick in the mud. This person is related to around half the league, and regularly hassles the other half. Long story short, she vetoed one of my recent trades (a veto is typically used in situations where a trade is clearly unfair and meant to undermine league stability) and accused me and the other owner of collusion on the league message board. Her, and her brother-who-joined-later's argument was that one player was "regularly drafted 4-5 rounds before" the other player. The thing is, in our league the players were only drafted 10 picks apart (less than one full round in our 12 team league).

Completely ignoring the fact that this is an opinion, that our rules are different than the ones the rankings are based on, that the intent of collusion is near impossible to prove, and that each player filled a need on the others team, I took issue on her statement based on revealed preferences. The players in question were Carl Crawford (CC) and Colby Lewis (CL). I checked on the "4-5 rounds apart" comment and it turns out the average draft position (ADP) of CC was 101st and CL was 148. At first, it would appear that the wench was right (148-101/12teams=~4 rounds). However, a large part of the trade was that CC was dealing with an injury and I didnt view him as the 101st best player in the draft, and neither did the person who traded him.

The actual draft positions were 130/CC and 140/CL. It appears that CL went close to his actual position, while CC somehow slipped a full 29 spots to 130. On top of that, both teams crying collusion chose outfielders with an ADP of 130-140 in the same round CC was taken. That's revealed preferences in its finest. Letting CC slip to 130 and not picking him is one thing, but choosing another OF ranked behind him pretty much damns the whole ADP argument. The crying stopped shortly after this was brought to light.

I knew it!

And they thought I was crazy. Fish farts are real.

Sunday, March 25, 2012

Not measuring what you think

I know I said that I would try to avoid simply posting interesting articles on this blog, but this is an eloquent rendition of something I have been preaching for years. High school grades and SAT scores better correlate with the quality of the counselors and the race distribution of the school than mental ability.


My grades were in part due to “grade engineering”: the process of maximizing grades with minimal effort and without regard to learning or understanding material. In other words, I received high grades partially by exploiting the weak correlation between grades and mastery...At one time, I suppose, grades might have been an objective and reasonably accurate measure of competence in a given subject. Not anymore. Today, they primarily measure how well a student can game the system. 


Now, there is an argument to be made that there is a correlation between students who are good at gaming the system to get into college and students who are good at gaming the system to graduate or get a job. But I think that's getting away from the real goal of higher education.

It really gets interesting with the proposed solution. 


There is no such thing as “teaching to the AP test,” because fundamental understanding and application of knowledge cannot be mastered by memorizing the answers to past exam questions. 

I disagree with this statement. All of my teachers in AP classes knew roughly what was going to be on the test, and wasted no time in teaching anything else. I didn't study a single vocab word or read a single story that did not appear on an expected or history of AP test questions. And don't even get me started on teaching children to write nothing but 5 paragraph essays so they can pass writing exams. The truth of the matter is that it is really difficult to make tests that measure knowledge. I think these exams are a step in the right direction but come far from solving the problem.

Friday, March 23, 2012

Incentives do what now?

Total your car and Liberty Mutual will buy you not just a new car, but a newer car. The logical part of my brain is saying that no one would put themselves and others in harm's way by letting this change their driving patterns. I mean, they couldn't...right? The other part of me remembers the teacher who gave failing students A's to torch her car for insurance money. God help us all.

Wednesday, March 21, 2012

Football: Acting like a poor remake of Freaky Friday

I have always been interested in sports economics. I've even put some serious thought into offering to teach a sports statistics course in whatever department teaches students how to get a job in the sports world and then make horrible decisions. And not because I care, oh no. Because sometimes those guys get my goat.

A prime example is this Tim Tebow fiasco. If you haven't heard, get on the internet or watch TV for 5 minutes and you're bound to hear something about it. Short story is, he is on the trading block. I've seen the kid play from his days in high school, to his time at UF, and followed his transition to the NFL. And if there's one thing I've taken from the journey, its that the system is about as backwards as it gets. It's like the owners of NFL teams and the heads of athletic departments got a magic fortune cookie and woke up in each other's bodies (or whatever the hell the plot of Freaky Friday was).

News broke that Tebow was going to the Jets for a 4th round pick. It was widely assumed that this was solely to improve locker room presence, seeing as the Jets just gave their starting QB a contract that could keep him there for 5 years and $68 million. Clearly, the owners of the Jets hadn't watched Tebow play last year, or would have seen how disruptive bringing in a fan favorite to sit behind a QB who has a history of prolonged struggles can be. Sanchez was on the verge of a QB controversy with Mark Brunell as his backup, for Christ's sake.

Before this post gets too long, I'm just going to come out and say it. The NFL doesn't understand that they are running a business. Will Tebow win you more games than Blaine Gabbert? I don't know, it's an awefully low bar, but he might not. Will Tebow sell seats in his home town, a one hour drive away from the college where he won two national championships? You bet your ass he would. There is a clear incentive to getting a guy like Tebow that goes beyond his ability to win football games. Was he worth a 4th round pick? Who was the Jags 4th round pick last year? How many seats did he fill? Im guess two, and that's assuming his parents are willing to watch the shit-show that is a Jags-Bills game. The NFL parades itself as an oligopoly that has the primary goal of making money, but they don't seem to understand how that works. There is a pretty key variable that they are leaving out of their decision models.

College teams, on the other hand, seem to have gotten this to a science. They have gamed the system to keep millions in bowl payouts between a handful of powerful teams, have their own TV networks, and hell, they just walk up to rich people and ask them for money. And it works. They kick effective players off their teams, sacrificing ability to win for image (see Tebow's back-up, future Heisman winner and ex-laptop-thief Cam Newton). They force out long-term coaches not when they stop winning, but when the boosters turn against them (see Bowden and Paterno). They price discriminate (donation based lotto systems for season tickets), abuse free natural resources (young kids and students), control members of the legislative branch, have formed enormous barriers to entry, and have some how finagled the ability to self-regulate. This is how I expect an intelligent industry with no government regulation to act.

To understand it all, you just have to look at who is running things. Professional sports are primarily run by die-hard fans (Raiders, Redskins, Cowboys, etc), or by a city itself (Packers). College sports are run by businessmen and rich alumni. This is the exact opposite of the images they try to create, and the opposite of what I feel the college vs professional sports roles should be. Maybe they could use a magic fortune cookie after all.

Welcome

Welcome to my blog. It will be up and running soon. Until then, chill out.

In case you couldnt tell from the title, this blog will be about man things. I'm quite possibly the worlds manliest man, and an economist to boot. Hopefully this interaction will present a fresh view on the world, or at the very least bring up some interesting topics and my completely incorrect views on them. Only time will tell.

And Ill try to keep it civil and my language couth. But you know how shit goes sometimes.