RESEARCH: Endowment Effects and Roster Management
Mar 29 2012
The season has officially begun, and most owners have their rosters set as the 2012 campaign commences. The astute owner has carefully picked his players and is, most likely, confident that finishing in the money is obtainable. However, at this point, even more than before, our decisions are all gambles. After all, there is no objective information available. Projections are only probabilistic expectations of future returns. ADPs are consensus judgments of player value. Based on past results, some draft/auction choices, like the selection of a low-risk high-skill player like Ryan Braun (OF, MIL), appear to carry less risk than a high-skilled but higher risk player like Dexter Fowler (OF, COL), but both bear some degree of uncertainty...
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