G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w17928
来源IDWorking Paper 17928
Does March Madness Lead to Irrational Exuberance in the NBA Draft? High-Value Employee Selection Decisions and Decision-Making Bias
Casey Ichniowski; Anne E. Preston
发表日期2012-03-15
出版年2012
语种英语
摘要Using a detailed personally-assembled data set on the performance of collegiate and professional basketball players over the 1997-2010 period, we conduct a very direct test of two questions. Does performance in the NCAA "March Madness" college basketball tournament affect NBA teams' draft decisions? If so, is this effect the result of decision making biases which overweight player performance in these high-visibility college basketball games or rational judgments of how the players later perform in the NBA? The data provide very clear answers to these two questions. First, unexpected March Madness performance, in terms of unexpected team wins and unexpected player scoring, affects draft decisions. This result persists even when models control for a direct measure of the drafted players' unobserved counterfactual - various mock draft rankings of where the players were likely to be drafted just prior to any participation in the March Madness tournament. Second, NBA personnel who are making these draft decisions are certainly not irrationally overweighting this MM information. If anything, the unexpected performance in the March Madness tournament deserves more weight than it gets in the draft decisions. Finally, there is no evidence that players who played in the March Madness tournament comprise a pool of players with a lower variance in future NBA performance and who are therefore less likely to become NBA superstars than are players who do not play in MM. Players with positive draft bumps due to unexpectedly good performance in the March Madness tournament are in fact more likely than those without bumps from March Madness participation to become one of the rare NBA superstars in the league.
主题Labor Economics ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w17928
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575597
推荐引用方式
GB/T 7714
Casey Ichniowski,Anne E. Preston. Does March Madness Lead to Irrational Exuberance in the NBA Draft? High-Value Employee Selection Decisions and Decision-Making Bias. 2012.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w17928.pdf(276KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Casey Ichniowski]的文章
[Anne E. Preston]的文章
百度学术
百度学术中相似的文章
[Casey Ichniowski]的文章
[Anne E. Preston]的文章
必应学术
必应学术中相似的文章
[Casey Ichniowski]的文章
[Anne E. Preston]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w17928.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。