The statistics used to evaluate baseball players were probably far more accurate than anything used to measure the value of people who didn't play baseball for a living. If professional baseball players could be over or undervalued, who couldn't? You think about a child and a family, an employee in a firm, a member of a community and how often people are just mispriced in some way. "I wasn't thinking this is an example of something much larger than itself," he says.
No — but he does have a knack for stumbling into the perfect moment, including the recent FTX debacle. In this installment of the Freakonomics Radio Book Club, we revisit the book that launched the analytics revolution.