Betting on the Tournament

From the Washington Post: The roughly $80 million wagered on the NCAA tournament in Las Vegas represents a minute fraction of the total betting on …

Barriers to Entry and Franchising

Co-blogger Phil Miller has recently written on his own blog, Increasing the size of a league imposes [negative] externalities on existing team owners. The new …

Moneyball: Normal v. Abnormal

What are the limits of a “Moneyball” — expected value of a particular position — approach to personell decisions? A Sports Illustrated piece on Albert …