Evaluating Value: Lessons from Baseball

This chapter examines the misvaluation of individuals across various sectors by drawing parallels with the world of baseball and the principles outlined in 'Moneyball'. It highlights the impact of cognitive biases on performance measurement and decision-making, particularly emphasizing the shift from traditional scouting to data-driven analytics in baseball. The discussion also reflects on the broader implications of these analytical strategies and their influence on other sports, while cautioning against the potential neglect of experiential knowledge in favor of statistics.