Question: Moneyball, a book by Michael Lewis (2003), highlights how creativity, framing, and robust technical analysis all played a part in the development of a new approach to talent management in baseball. It also exhibited great examples of the biases and psychological pitfalls that plague decision makers.
Review the article "Who's on First?" by Thaler & Sunstein (2003) from this module's assigned readings. This article reviews the book Moneyballby Michael Lewis.
Write a critique of the article including the following points:
- Evaluate why Beane is much more effective in his success by constructing a matrix of pitfalls and heuristics that highlight the differences between Beane's team and other executives.