Book Review: Stumbling on Wins

stumbling_on_winsDavid J. Berri and Martin B. Schmidt. Stumbling on Wins, Upper Saddle River, New Jersey, NJ: FT Press, 1st edition, 2010. 256 pp. ISBN-13: 978-0132357784

Read the review by Jahn K. Hakes of the U.S. Census Bureau, published in the Journal of Sports Economics June 2012 issue:

The central question of David Berri and Martin Schmidt’s most recent book, Stumbling On Wins, is how so many people paid so much to make good managerial choices can consistently and repeatedly make bad ones. Often these choices are bad not just in retrospect, but appear predictably ill informed even in a profession inundated by a veritable deluge of quantitative data. Indeed, amateur bystanders and academics have used publicly available data to create a vibrant cottage industry disseminating statistical analysis and (ex post) testable predictions. JSE__.inddMany of these modelers have developed ‘‘favorite toys’’ that consistently predict athlete performance better than the professionals. The book’s title, an allusion to Daniel Gilbert’s Stumbling on Happiness, is intended to point out how elusive the secret of building winning sports teams (like the secret of happiness) remains. While the vast amounts of interest and effort put into the respective searches are similar, the soundness of the implied analogy is crucial to the authors’ thesis, yet is largely ignored. What if ‘‘Wins’’ in sports aren’t always the same as ‘‘Happiness’’?

Read the full review here, and browse the current issue of JSE by clicking here.

This entry was posted in Book Review, Sports Economics and tagged , , by Cynthia Nalevanko, Editor, Management INK. Bookmark the permalink.

About Cynthia Nalevanko, Editor, Management INK

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 900 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, and Washington DC, our publishing programme includes more than 560 journals and over 800 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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