Offensive Performance, Omitted Variables, and the Value of Speed in Baseball
Theodore Turocy ()
Econometrics from University Library of Munich, Germany
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
Note: Type of Document - ; prepared on Linux; pages: 11
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Journal Article: Offensive performance, omitted variables, and the value of speed in baseball (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpem:0312005
Access Statistics for this paper
More papers in Econometrics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().