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Theodore L. Turocy,
Behavioural game theorist
Director, Centre for Behavioural and Experimental Social Science, University of East Anglia Senior Lecturer, School of Economics, University of East Anglia Director, The Gambit Project |
Offensive performance, omitted variables, and the value of speed in baseball
- Citation:
- Turocy, T.L. (2005) Offensive performance, omitted variables, and the value of speed in baseball. Economics Letters 89(3): 283-286. DOI:10.1016/j.econlet.2005.05.039
- Abstract:
- This paper critiques from an economic perspective published results on the value of base stealing in baseball. Augmenting previous specifications for the “production function” for runs parallels the control—a simulation study imposed on teams' overall footspeed, recovering economically sensible results.
- Keywords:
- Omitted variable bias; mixed strategies; equilibrium test; baseball.
- JEL classification:
- C72; C50; L83.
- Availability:
- Published version is at http://dx.doi.org/10.1016/j.econlet.2005.05.039
- A longer working paper version