EconPapers    
Economics at your fingertips  
 

Anchoring bias in the evaluation of basketball players: A closer look at NBA draft decision‐making

Tobias Berger and Frank Daumann

Managerial and Decision Economics, 2021, vol. 42, issue 5, 1248-1262

Abstract: The NBA installed the draft mechanism to fairly distribute young amateur players among its franchises. As this policy hinges on appropriate talent evaluation skills of the respective organizations, it can be considered a proxy for decision‐making under uncertainty. Such judgments are prone to fallacies and systemic mistakes. The article found the RSCI rank as a problematic metric, which is the source for systematic draft errors. It can be shown that in many cases, managers do not deviate enough from the pre‐draft rankings of players, leading to systematically over‐ and undervaluing certain groups of talents. This can be described as a decision‐quality‐lowering anchoring bias.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1002/mde.3305

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:42:y:2021:i:5:p:1248-1262

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-06-26
Handle: RePEc:wly:mgtdec:v:42:y:2021:i:5:p:1248-1262