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Offensive Performance, Omitted Variables, and the Value of Speed in Baseball

Theodore Turocy ()

Econometrics from University Library of Munich, Germany

Abstract: This note considers the problem of estimating the marginal products of offensive events towards a baseball team's objective of scoring runs. Regression techniques on official statistics give a positive marginal product for a stolen base attempt, which is inconsistent with the theory of mixed strategy Nash equilibrium. Augmenting the specification of the production function to include other productive qualities of footspeed restores estimates consistent with equilibrium theory.

Keywords: Omitted variable bias; mixed strategies; equilibrium test; baseball (search for similar items in EconPapers)
JEL-codes: C72 C50 L83 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2003-12-19
Note: Type of Document - ; prepared on Linux; pages: 11
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Journal Article: Offensive performance, omitted variables, and the value of speed in baseball (2005) Downloads
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