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Moneyball, a book by Michael Lewis (2003), highlights how  creativity, framing, and robust technical analysis all played a part in  the development of a new approach to talent management in baseball. It  also exhibited great examples of the biases and psychological pitfalls  that plague decision makers.

Review the article “Who’s on First?” by Thaler & Sunstein (2003)  from this module’s assigned readings. This article reviews the book Moneyball by Michael Lewis.

Write a critique of the article including the following points:

• Examine why sabermetric-based player evaluation is such a shock to other executives in baseball.
• Evaluate why Beane is much more effective in his success by  constructing a matrix of pitfalls and heuristics that highlight the  differences between Beane’s team and other executives.
• Moneyball highlights how people tend to overestimate the  likelihood of success and end up facing financial loss—in this case, it  meant forfeiting millions of dollars. Analyze a professional or personal  decision (yours or otherwise) that highlights this predilection in  spite of substantial losses.
• Explain how you would apply Moneyball’s management lessons in your own endeavors.

Write a 3–5-page paper in Word format.