Moneyball — Prospect Theory

 

In his attempt to transform the Oakland Athletics, Billy Beane tries a revolutionary new approach to scouting players based on their productivity rather than purely on how they look on the field. During one of the montages, Beane expresses that his desire to win is dwarfed by his hatred of losing. He keenly tells his player that there is a difference between the two. His attitude is the mindset of prospect theory and loss aversion.

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