The Dilemma of Choosing Talent: Michael Jordans are Hard to Find
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Peter Groothuis Ph.D., Professor (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: This article explores the dilemma of choosing talent using NBA data from
1987 to 2003. We find there is much uncertainty in selecting talent.
If superstars are found, they are usually identified early. However, more
false positives exist than correct decisions with high draft picks. Our results
suggest the dilemma of choosing talent is not so much a winner’s curse
but more like a purchase of a lottery ticket. Most times you lose, but, if you
are going to win, you must buy a ticket.
The Dilemma of Choosing Talent: Michael Jordans are Hard to Find
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Created on 2/4/2013
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Additional Information
- Publication
- Groothuis, P.A., Hill, J.R., and Perri, T. (2009), The Dilemma of Choosing Talent: Michael Jordans are Hard to Find. Applied Economics, 41(25): 3193-3198 (Nov 2009). Published by Taylor & Francis (ISSN: 0003-6846). DOI: 10.1080/00036840701564459
- Language: English
- Date: 2009