3min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

138 | Daryl Morey on Analytics, Psychology, and Basketball

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

Is the Data One of the Major Biases You Need to Worry About?

"You do have to fight it a lot. You have to fight the endowment effects and anchoring," he says of his own biases. "I would rather be more open, be more open with information ... because it allows you to work on the margin." He adds that some teams go for home run deals like where you just are hoping you catch a team value and asset very differently from you. But it lowers your liquidity. And so I'll miss home run deals more often, but I'll also hopefully get more done that help you do the last piece to a title team, for example.

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