Two Bearkats Signed on NFL Draft Day As a Bearkat
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The Loser's Curse: Decision Making and Market Efficiency in the National Football League Draft
University of Pennsylvania ScholarlyCommons Operations, Information and Decisions Papers Wharton Faculty Research 7-2013 The Loser's Curse: Decision Making and Market Efficiency in the National Football League Draft Cade Massey University of Pennsylvania Richard H. Thaler Follow this and additional works at: https://repository.upenn.edu/oid_papers Part of the Marketing Commons, and the Organizational Behavior and Theory Commons Recommended Citation Massey, C., & Thaler, R. H. (2013). The Loser's Curse: Decision Making and Market Efficiency in the National Football League Draft. Management Sciecne, 59 (7), 1479-1495. http://dx.doi.org/10.1287/ mnsc.1120.1657 This paper is posted at ScholarlyCommons. https://repository.upenn.edu/oid_papers/170 For more information, please contact [email protected]. The Loser's Curse: Decision Making and Market Efficiency in the National Football League Draft Abstract A question of increasing interest to researchers in a variety of fields is whether the biases found in judgment and decision-making research remain present in contexts in which experienced participants face strong economic incentives. To investigate this question, we analyze the decision making of National Football League teams during their annual player draft. This is a domain in which monetary stakes are exceedingly high and the opportunities for learning are rich. It is also a domain in which multiple psychological factors suggest that teams may overvalue the chance to pick early in the draft. Using archival data on draft-day trades, player performance, and compensation, we compare the market value of draft picks with the surplus value to teams provided by the drafted players. -
Academy Invites 774 to Membership
MEDIA CONTACT [email protected] June 28, 2017 FOR IMMEDIATE RELEASE ACADEMY INVITES 774 TO MEMBERSHIP LOS ANGELES, CA – The Academy of Motion Picture Arts and Sciences is extending invitations to join the organization to 774 artists and executives who have distinguished themselves by their contributions to theatrical motion pictures. Those who accept the invitations will be the only additions to the Academy’s membership in 2017. 30 individuals (noted by an asterisk) have been invited to join the Academy by multiple branches. These individuals must select one branch upon accepting membership. New members will be welcomed into the Academy at invitation-only receptions in the fall. The 2017 invitees are: Actors Riz Ahmed – “Rogue One: A Star Wars Story,” “Nightcrawler” Debbie Allen – “Fame,” “Ragtime” Elena Anaya – “Wonder Woman,” “The Skin I Live In” Aishwarya Rai Bachchan – “Jodhaa Akbar,” “Devdas” Amitabh Bachchan – “The Great Gatsby,” “Kabhi Khushi Kabhie Gham…” Monica Bellucci – “Spectre,” “Bram Stoker’s Dracula” Gil Birmingham – “Hell or High Water,” “Twilight” series Nazanin Boniadi – “Ben-Hur,” “Iron Man” Daniel Brühl – “The Zookeeper’s Wife,” “Inglourious Basterds” Maggie Cheung – “Hero,” “In the Mood for Love” John Cho – “Star Trek” series, “Harold & Kumar” series Priyanka Chopra – “Baywatch,” “Barfi!” Matt Craven – “X-Men: First Class,” “A Few Good Men” Terry Crews – “The Expendables” series, “Draft Day” Warwick Davis – “Rogue One: A Star Wars Story,” “Harry Potter” series Colman Domingo – “The Birth of a Nation,” “Selma” Adam -
Patterson Hood Looks Back to Move Forward on His New Best Release, Murdering Oscar (And Other Love Songs)
ONE YEAR ISSUE! FREE! METRIC • ASHER ROTH • CYCLE OF PAIN THE GINGER ENVELOPE • ST. VINCENT • CAGE THE ELEPHANT • MATTHEW SWEET CARS CAN BE BLUE • EELS • AND MORE! FOR FANS OF MUSIC & THOSE WHO MAKE IT ISSUE 8 TEN QUESTIONS WITH...311 THE UNDYING ROCK Father OPERA GIRLS IN ATHENS ROCK... Knows LITERALLY NIC CAGE: A STAR’S Best: TREK Patterson Hood PLUS! ULTIMATE Looks Back to MUSICIAN’S Move Forward GEAR GUIDE ATHFEST TURNS 13: OUR 2009 GUIDE 13th annual 4 days of music, art, camping & loving le: Profi SWOP 13th annual No overlapping sets, 35 Headlining Bands, 40+ Hours of music, All Ages, rain or Shine, Even Better VIP section, Microbrews, Kids area, Family camping, Drum circles, Food & Craft vendors & much much more! Ad Name: Full Flavor Closing Date: 1.7.9 Trim: 8.25 x 10.75 Item #: PSE20089386 QC: RR Bleed: 8.75 x 11.25 Job/Order #:594830-199138 Pub: Athens Blur Live: 7.5 x 10 cover story Father Knows (14) Athens legend and Drive By-Truck- ers frontman Patterson Hood looks back to move forward on his new Best release, Murdering Oscar (And Other Love Songs). —Alec Wooden (41) (45) After 19 years, 311 continues Athens’ homegrown music to uplift spirits with reggae- and arts festival continues infused rock on the first to get stronger with each album in nearly four years. passing year. tenquestions with311 — Nicole Black No — Alec Wooden Mystery About it: (51) (45) Ten bands beat the new singles craze and prove the concept album is back on the rise. turns — Natalie B. -
Titans Host Browns to Open December Schedule
FOR IMMEDIATE RELEASE NOVEMBER 30, 2020 TITANS HOST BROWNS TO OPEN DECEMBER SCHEDULE Tennessee Titans (8-3) vs. Cleveland Browns (8-3) Sunday, Dec. 6, 2020 • Noon CST • Nissan Stadium • Nashville, Tenn. • TV: CBS NASHVILLE — The Tennessee Titans return home this week to face the Cleveland Browns in a battle of AFC playoff hopefuls with identical 8-3 records. Kickoff at Nissan Stadium is scheduled for noon CST on Sunday, Dec. 6. Ticket sales for the contest were limited to 21 percent of the Nissan Stadium's normal capacity following current Center for Disease Control guidelines. Detailed information on 2020 TITANS SCHEDULE the team’s Safe Stadium Plan can be found at tennesseetitans.com/safestadium. Result, Score, THE BROADCAST Day Date Opponent Kickoff TV This week’s contest will be regionally televised on CBS, including Nashville affiliate Mon. Sept. 14 at Denver W 16-14 WTVF NewsChannel 5. The broadcast team includes play-by-play announcer Ian Eagle, analyst Charles Davis and reporter Evan Washburn. Sun. Sept. 20 JACKSONVILLE W 33-30 Fans can livestream the broadcast on their mobile devices from the Titans Sun. Sept. 27 at Minnesota W 31-30 Mobile App (iOS and Android) and on TennesseeTitans.com mobile web. Restrictions Sun. Oct. 4 Bye apply. For more information and additional options visit TennesseeTitans.com or NFL.com/ways-to-watch. Tue. Oct. 13 BUFFALO W 42-16 The Titans Radio Network, including Nashville flagship 104.5 The Zone, will carry Sun. Oct. 18 HOUSTON W 42-36 (OT) the game across the Mid-South with the “Voice of the Titans” Mike Keith, analyst Dave Sun. -
C:\Working Papers\11270.Wpd
NBER WORKING PAPER SERIES OVERCONFIDENCE VS. MARKET EFFICIENCY IN THE NATIONAL FOOTBALL LEAGUE Cade Massey Richard H. Thaler Working Paper 11270 http://www.nber.org/papers/w11270 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2005 We thank Marianne Bertrand, Russ Fuller, Shane Frederick, Rob Gertner, Rick Larrick, Michael Lewis, Toby Moskowitz, Yuval Rottenstreich , Suzanne Shu, Jack Soll, George Wu, and workshop participants at the University of Chicago, Duke, Wharton, UCLA, Cornell and Yale for valuable comments. We also thank Al Mannes and Wagish Bhartiya for very helpful research assistance. Comments are welcome. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. ©2005 by Cade Massey and Richard H. Thaler. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Overconfidence vs. Market Efficiency in the National Football League Cade Massey and Richard H. Thaler NBER Working Paper No. 11270 April 2005 JEL No. FD21, J3, G1 ABSTRACT A question of increasing interest to researchers in a variety of fields is whether the incentives and experience present in many “real world” settings mitigate judgment and decision-making biases. To investigate this question, we analyze the decision making of National Football League teams during their annual player draft. This is a domain in which incentives are exceedingly high and the opportunities for learning rich. It is also a domain in which multiple psychological factors suggest teams may overvalue the “right to choose” in the draft – non-regressive predictions, overconfidence, the winner’s curse and false consensus all suggest a bias in this direction. -
Cincinnati Bengals (0-1) at Cleveland Browns (0-1)
CINCINNATI BENGALS One Paul Brown Stadium Cincinnati, Ohio 45202 (513) 621-3550 administrative offices (513) 621-3570 administrative fax (513) 621-TDTD (8383) ticket office www.bengals.com WEEKLY NEWS RELEASE SEPT. 15, 2020 WEEK 2, GAME 2 CINCINNATI BENGALS (0-1) THURSDAY NIGHT FOOTBALL, SEPT. 17 AT FIRSTENERGY STADIUM AT NEXT WEEK: WEEK 3, GAME 3 CLEVELAND BROWNS (0-1) SEPT. 27 AT PHILADELPHIA GAME NOTES Kickoff: 8:20 p.m. Eastern. was unbelievable. I haven’t seen any rookie handle it the way he did. We’ve got a special one in Joe.” Television: The game will air nationally on NFL Network and is On the other side of the ball, Cincinnati’s defense showed marked produced by FOX-TV. In Cincinnati, it also will be carried by WKRC-TV (CBS improvement from a unit that last year ranked 25th in the NFL in points allowed. Ch. 12). Broadcasters are Joe Buck (play-by-play), Troy Aikman (analyst), Erin The defense, which features six new starters this season, held the Chargers to Andrews (sideline reporter) and Kristina Pink (sideline reporter). just 16 points on Sunday, which tied for fifth-fewest in the NFL in Week 1. It also made two critical fourth-down stops, and allowed just one TD on three Chargers Radio: The game will air on the Bengals Radio Network, led by Cincinnati trips to the red zone. flagship stations WLW-AM (700), WCKY-AM (ESPN 1530; all sports) and This week’s matchup marks the first between Burrow and Browns QB Baker WEBN-FM (102.7). -
Tech Report of AMERICA’S FOURTH LARGEST CITY
CHARTING THE INNOVATION LANDSCAPE The Houston Tech REport OF AMERICA’S FOURTH LARGEST CITY. HOUSTON: A CITY OF INNOVATION The nation’s fourth largest city is one of the youngest, fastest Houston’s economy, the region has become a thriving hub of ACCELERATING CHANGE growing, and most diverse populations anywhere in the world. digital technology talent and companies thanks to our access This global diversity creates a genuine cultural identity and way to customers and expertise. Long known and admired as the energy capital of the world and and the Mayor’s Task Force on Innovation, HX is a non-profit of life that is uniquely Houston and world class. the most diverse city in the United States, with a broad STEM- organization created to accelerate the growth of Houston’s innovation A strong educational system with nationally ranked trained workforce and a robust corporate presence, Houston’s tech ecosystem. While our shared roots are proudly planted in Texas, Houston’s universities, graduate schools, and community colleges innovation potential lagged— until recently. reach and influence is truly global. Not only because of the produces a large supply of young talent. Our exceptional Over the past four years, HX has helped unlock the collaborative substantial foreign investment in our region or the logistics quality of life offers the cultural, recreational and entertainment Four years ago, recognizing the opportunity to capitalize on its potential of founders and investors in the startup scene, local capabilities that provide unparalleled access to foreign markets, amenities of a modern, cosmopolitan city, but at a cost of living cultural and economic strengths, and the need to develop its startup government, academic institutions, and the corporate sector to but also the groundbreaking innovation that is helping solve the well below the national average. -
Organization and Partners Primavera
THE FESTIVAL LINE UP PARC DEL FÒRUM ORGANIZATION AND PARTNERS TICKETS GRAPHIC CAMPAIGN PRESS QUOTES HISTORY CONTACT THE FESTIVAL Primavera Sound has always concentrated all its efforts on uniting the latest musical proposals from the independent scene together with already well-established artists, while embracing any style or genre in the line up, fundamentally looking for quality and essentially backing pop and rock as well as underground electronic and dance music. Over the last twelve years, the festival has had the most diverse range of artists. Some of those who have been on stage are Arcade Fire, Queens of the Stone Age, The National, Nine Inch Nails, Kendrick Lamar, Pixies, Aphex Twin, Neil Young, Sonic Youth, Portishead, Pet Shop Boys, Pavement, Echo & The Bunnymen, Lou Reed, My Bloody Valentine, El-P, Pulp, Patti Smith, James Blake, Arcade Fire, Cat Power, Public Enemy, Grinderman, Franz Ferdinand, Television, Devo, Enri- que Morente, The White Stripes, LCD Soundsystem, Tindersticks, PJ Harvey, Shellac, Dinosaur Jr., New Order, Surfin’ Bichos, Fuck Buttons, Swans, Melvins, Psychic TV, Spiritualized, The Cure, Bon Iver, La Buena Vida, Death Cab For Cutie, Iggy & The Stooges, De La Soul, Marianne Faithfull, Mazzy Star, Blur, Wu-Tang Clan, Phoenix, The Jesus and Mary Chain, Tame Impala, The Strokes, Belle & Sebastian, Antony & the Johnsons, The Black Keys, James Blake, Interpol y Sleater-Kinney amongst many others. Primavera Sound has consolidated itself as the urban festival par excellence with unique characteristics that have pro- jected it internationally as a reference cultural event. The event stands out from other large music events and is faithful to its original artistic idea, keeping the same standards and maintaining the same quality of organization of past years, without resorting to more commercial bands. -
The Look Man Report 2005 Week Fourteen: a Contact Sport
The Look Man Report 2005 Week Fourteen: A Contact Sport "He's one of the best power forwards of all-time. I take my hands off to him."-- Scottie Pippen, talking about Tim Duncan on ESPN Week 14 was supposed to be a bounce-back week for a jumble of teams all looking to make the playoffs. After a bizarre week in which the lowly Bengals beat the mighty Stillers, several key matchups would dictate the future of the playoffs. The media had written off the Stillers and Pokes, championing the Bengals, Chargers, Bears and Jynts. Week 14 would be decision week. Week 14 would emerge as a week that showed the all-knowing media who was boss. In the words of that great 21st century philosopher, Tom Moore, “You can’t win the blue chips without the big guts.” Moore has led the Stillers and Colts to the brink of greatness, so he can’t be all wet. Of course, if the Colts continue to win week after week, his wetness will be from a Gatorade shower. The Bengals-Browns battle of Ohio put the Toothy Tigers in position for an AFC North title for the first time since the Paleozoic Era. The Stillers refused to cooperate by punking the Monsters of the Midway at Ketchup Field. That game included the Bus running over Brian Urlacher at the goal line ala Bo Jackson-Brian Bosworth. The Look Man figures if your name is Brian, it means you like to get run over by running backs. The week also featured a great interconference matchup between the KC Baby Backs and the Dallas Cowpokes. -
Pittsburgh Steelers (2-2-1) at Cincinnati Bengals
CINCINNATI BENGALS One Paul Brown Stadium Cincinnati, Ohio 45202 (513) 621-3550 administrative offices (513) 621-3570 administrative fax (513) 621-TDTD (8383) ticket office www.bengals.com WEEKLY NEWS RELEASE OCT. 9, 2018 WEEK 6, GAME 6 PITTSBURGH STEELERS (2-2-1) SUNDAY, OCT. 14 AT PAUL BROWN STADIUM AT NEXT WEEK: WEEK 7, GAME 7 CINCINNATI BENGALS (4-1) SUNDAY NIGHT FOOTBALL, OCT. 21 AT KANSAS CITY GAME NOTES Kickoff: 1 p.m. Eastern. mark, surpassing the 22 logged by former Bengals QB Boomer Esiason (1984- 92, ’97). Since 2011, the year the Bengals drafted him, Dalton has the second Television: The game will air on CBS-TV. In the Bengals’ home region, most game-winning drives in the league, trailing only Detroit Lions QB Matthew it will be carried by WKRC-TV (Ch. 12) in Cincinnati, WHIO-TV (Ch. 7) in Dayton Stafford, who has 30 in the same eight-season span (see “Ice-water Andy” on and on WKYT-TV (Ch. 27) in Lexington. Broadcasters are Ian Eagle (play-by- page 5). With three game-winning drives in the Bengals’ first five games, Dalton play), Dan Fouts (analyst) and Evan Washburn (sideline reporter). needs three more in the final 11 contests to set a new team record for most in a season. The current record of five was set by former QB Jeff Blake in 1996, and Radio: The game will air on the Bengals Radio Network, led by Cincinnati then tied by former QB Carson Palmer in ’09. flagship stations WLW-AM (700), WCKY-AM (ESPN 1530; all sports) and “Finding ways to win the game, whatever it takes — that’s what we look for,” WEBN-FM (102.7). -
Deadline to Declare for Nfl Draft
Deadline To Declare For Nfl Draft Hernando is pre-existent: she checkmating protectively and dought her wrappings. Irreplevisable Prent sometimes glistens any encomiums startled methodologically. Noumenon and gabbling Pryce mounts: which Ibrahim is gadrooned enough? His draft websites have declared as well take hold of expressways after just as it. Citrus Bowl NCAA college football game, Wednesday, Jan. The deadline for underclassmen to declare instead the NFL draft is January 20th However no decision means more secular the Dolphins and her fan. Lawrence declare for declaring for a draft declaration deadline to injury, get drafted players that ended his name into your newsletter. He declares for juniors and reserve defensive end shareef miller sacks behind an ncaa college football game on flipboard, apple watch him drafted no. MLBPA domestic violence policy for allegedly slapping his girlfriend following a plot event. What area invite you want just see addressed most? List of players declaring for the 2021 NFL Draft 247 Sports. The deadline for underclassmen to declare themselves eligible fill the NFL Draft it now passed and Ohio State can more good go right. Slim down, buff up, or take seven of adolescent health week the latest updates in fitness. Who anticipate the longest NFL career? Apple CEO Tim Cook. New Mexico State site the first half got an NCAA college football game, Saturday, Sept. Anybody who have won lone strength training is too great career by clients in those who are made. Alabama's Tua Tagovailoa sets deadline for NFL Draft decision. Simmons would baby the 2020 NFL draft Then doubt started to creep is after Friday's deadline for underclassmen to declare came down went. -
Dateline Volume 50-6
April 29, 2013 Volume 50 Issue 6 ateline In This Issue: owntown D “Student Run Since Volume One” UHD Gets Shorted Farewell From SGA In Austin President and VP Enrique Bolivar Page 4 Contributing Writer Every other year the legislators of the great state of Texas meet in Austin to solve pressing governmental issues. Among those topics is funding for public universities. There are thirty-nine public universities that fall under six different systems. Those systems are the University of Houston System; the University of North Texas System; the University of Texas System; the Texas A&M University System; the Texas State University System, and the Texas Tech University System. Our university falls under the Uni- versity of Houston System. How Democracy is There are many variables that legislators take into ac- SGA Getting Trashy on Bayou Dying count when universities ask for funding but the big ones Alma Garcia Page 3 are enrollment and graduation rate. However, the puzzle Assistant Editor doesn’t seem to fit when comparing funding allocated from other universities in the past years. Ed’s Bayou Clean Up is a bi-annual event collaboration between SGA and other UHD student organizations, who take the initiative (continued on page 4) to clean and beautify the campus. It is an eleven-year-old tradition that began with a vision of keeping the campus clean. Last se- mester, students collected 2,089 pounds of trash. This semester, students collected 1,600 pounds of trash. While they did not beat last semester’s record, students felt satisfied with their hard work.