I gots some things to say about Brian's work, what was first introduced to the board back in September -
http://apbr.org/metrics/viewtopic.php?f ... 2188#p2188 - but curiously didn't evoke the same level of interest then. But first I've got to quibble with some of Guy's points and priors because no one else has. Apologies for any thread drift that ensues.
Guy wrote:After thinking about the model some more since the time the paper was accepted for publication, I think I'm ready to say that I have very little confidence in the conclusion that NBA players "undershoot".
Kudos to Brian for being willing to rethink his conclusion. This is not always easy to do, especially once your work is public.* And I take him at his word that he did not hype his prior conclusion to journalists. But this paper is a great example of a serious problem with sports analysis by academics today: you will get a lot more attention if you find an ineffeciency in a sport. That's interesting, and allows writers to sound sophisticated and reference "Moneyball" (maybe even run a picture of Brad Pitt). If Brian's paper had concluded "NBA players shoot exactly when they should," I think media interest would have been much less, probably close to zero. And so researchers face a strong incentive that can bias their research, and certainly biases publication -- go find inefficiencies. (Similarly, when looking for signs of racial bias in sports, there is a strong incentive to find bias -- a study finding that "NBA Referees Not Racially Biased" doesn't get attention in the NYT.)
First, a relatively minor point. Is the implication here that the conclusions of Justin Wolfer's well-known research on this issue are suspect because of "incentives" for media attention?
Guy wrote:I'm not suggesting we should go back to the days when papers aren't made public until published in a refereed journal. We shouldn't have to wait 3 years to see research like this, and in any case journal referees likely wouldn't have spotted the problems mentioned here. (Lesson for young academics: use the Internet to get good feedback from subject-matter experts for free!) But I do think that journalists need to be more conscious of the bias in favor of this kind of finding. Get subject-matter experts to review this kind of paper BEFORE you write your article about it. The fact is, sports is in general a highly-efficient arena. Most findings of inefficiency will be wrong. In this case, it is highly unlikely (though possible) that teams systematically shoot too late. As long as there were some variance in how aggressive teams were, those who shot earlier would tend to win. That would encourage them to shoot still earlier, and other teams to emulate them. It's hard to imagine a league of professionals not finding the right equilibrium rather quickly.
* See: Berri, David.
Where do I begin to strenuously disagree with the idea that "sports is in general a highly-efficient arena"? There is a surely a truth to the point, but only when construed narrowly. Taking a larger perspective, the view seems essentially untenable. A coach comes up with a twist on well-known Xs and Os, and it is copied tomorrow. Synergy comes out, "everyone" uses it. In such areas, where things are within the realm of comfortable, conventional wisdom, teams compete like hell from the get go, with any initial advantages to first adapters being small and short lived.
But this is decidedly not the case where thinking outside the box is required for advantage to be taken. In these instances, where historically the stakes have been huge, the right equilibrium does not obtain "rather quickly", unless by this the meaning is decades. Some examples? Racism and xenophobia are two obvious categories where "traditional" thinking sacrificed the potential for very significant competitive advantage. More speculatively, what about the inability to anticipate the potential for unconventional, tweener players to revolutionize the game? Could there have been a Scottie Pippen before Scottie Pippen, for example? Too speculative? Then a very concrete example that I have brought up many times before, where the foregone gains are easily approximated: the glacial pace of adoption of the three point shot (at the expense of the long range two). This was yet another essentially free lunch that nobody decided to partake of in a competitively significant way.
But more to the point there is inadvertent historical irony in writing "As long as there were some variance in how aggressive teams were, those who shot earlier would tend to win. That would encourage them to shoot still earlier, and other teams to emulate them. It's hard to imagine a league of professionals not finding the right equilibrium rather quickly."
This has nothing to do with Brian's paper, but the mind instantly turns to the misguided offensive notions that originated during the Celtics-dominated '60s. The Cs ran a lot, and they won. A lot. Causation? Nope, but with this becoming the conventional wisdom it dragged down the offensive efficiency of the Association for generations. The Cs won because of defense and, to a first approximation, despite their offense. It took decades (what was a primary feature of the evolution of basketball in the '70s) for the right equilibrium in terms of game pace to be restored.
Not trying to be difficult, and apologies for the rantiness. This is, however, a very important point to get straight: not all competition is competitive.
Eh, maybe I'm wrong.
Carry on.