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.

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