Sports

Hedge Fund Moneyball: Big Data, Sports and Finance

In the 2011 Hollywood film Moneyball, based on the Michael Lewis book by the same name, Oakland A?s assistant general manager Peter Brand (played by Jonah Hill) tells his boss Billy Beane (played by Brad Pitt), ?It?s about getting things down to one number. Using the stats the way we read them, we?ll find value in players that no one else can see. People are overlooked for a variety of biased reasons and perceived flaws. Age, appearance, personality. … Mathematics cut[s] straight through that. Billy, of the 20,000 notable players for us to consider, I believe that there is a championship team of 25 people that we can afford, because everyone else in baseball undervalues them.?

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