Against the Rules with Michael Lewis cover image

Episode 3: Field of Ignorance

Against the Rules with Michael Lewis

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The Limitations of Number-Based Understanding

This chapter explores the pitfalls of relying solely on quantitative measures like Wins Above Replacement in baseball and Value at Risk in finance. It underscores the importance of nuanced understanding in an intricate world, warning against the over-reliance on metrics that may obscure deeper truths.

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