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The Role of Preferences, Cognitive Biases, and Heuristics Among Professional Athletes Michael A
Brooklyn Law Review Volume 71 | Issue 4 Article 1 2006 It's Not About the Money: The Role of Preferences, Cognitive Biases, and Heuristics Among Professional Athletes Michael A. McCann Follow this and additional works at: https://brooklynworks.brooklaw.edu/blr Recommended Citation Michael A. McCann, It's Not About the Money: The Role of Preferences, Cognitive Biases, and Heuristics Among Professional Athletes, 71 Brook. L. Rev. (2006). Available at: https://brooklynworks.brooklaw.edu/blr/vol71/iss4/1 This Article is brought to you for free and open access by the Law Journals at BrooklynWorks. It has been accepted for inclusion in Brooklyn Law Review by an authorized editor of BrooklynWorks. ARTICLES It’s Not About the Money: THE ROLE OF PREFERENCES, COGNITIVE BIASES, AND HEURISTICS AMONG PROFESSIONAL ATHLETES Michael A. McCann† I. INTRODUCTION Professional athletes are often regarded as selfish, greedy, and out-of-touch with regular people. They hire agents who are vilified for negotiating employment contracts that occasionally yield compensation in excess of national gross domestic products.1 Professional athletes are thus commonly assumed to most value economic remuneration, rather than the “love of the game” or some other intangible, romanticized inclination. Lending credibility to this intuition is the rational actor model; a law and economic precept which presupposes that when individuals are presented with a set of choices, they rationally weigh costs and benefits, and select the course of † Assistant Professor of Law, Mississippi College School of Law; LL.M., Harvard Law School; J.D., University of Virginia School of Law; B.A., Georgetown University. Prior to becoming a law professor, the author was a Visiting Scholar/Researcher at Harvard Law School and a member of the legal team for former Ohio State football player Maurice Clarett in his lawsuit against the National Football League and its age limit (Clarett v. -
Baseball Classics All-Time All-Star Greats Game Team Roster
BASEBALL CLASSICS® ALL-TIME ALL-STAR GREATS GAME TEAM ROSTER Baseball Classics has carefully analyzed and selected the top 400 Major League Baseball players voted to the All-Star team since it's inception in 1933. Incredibly, a total of 20 Cy Young or MVP winners were not voted to the All-Star team, but Baseball Classics included them in this amazing set for you to play. This rare collection of hand-selected superstars player cards are from the finest All-Star season to battle head-to-head across eras featuring 249 position players and 151 pitchers spanning 1933 to 2018! Enjoy endless hours of next generation MLB board game play managing these legendary ballplayers with color-coded player ratings based on years of time-tested algorithms to ensure they perform as they did in their careers. Enjoy Fast, Easy, & Statistically Accurate Baseball Classics next generation game play! Top 400 MLB All-Time All-Star Greats 1933 to present! Season/Team Player Season/Team Player Season/Team Player Season/Team Player 1933 Cincinnati Reds Chick Hafey 1942 St. Louis Cardinals Mort Cooper 1957 Milwaukee Braves Warren Spahn 1969 New York Mets Cleon Jones 1933 New York Giants Carl Hubbell 1942 St. Louis Cardinals Enos Slaughter 1957 Washington Senators Roy Sievers 1969 Oakland Athletics Reggie Jackson 1933 New York Yankees Babe Ruth 1943 New York Yankees Spud Chandler 1958 Boston Red Sox Jackie Jensen 1969 Pittsburgh Pirates Matty Alou 1933 New York Yankees Tony Lazzeri 1944 Boston Red Sox Bobby Doerr 1958 Chicago Cubs Ernie Banks 1969 San Francisco Giants Willie McCovey 1933 Philadelphia Athletics Jimmie Foxx 1944 St. -
LINE DRIVES the NATIONAL COLLEGIATE BASEBALL WRITERS NEWSLETTER (Volume 46, No
LINE DRIVES THE NATIONAL COLLEGIATE BASEBALL WRITERS NEWSLETTER (Volume 46, No. 2, Apr. 24, 2007) The President’s Message By NCBWA President Michael “Mex” Carey Membership: It’s hard to believe that the baseball season is nearing conference tournament time. The season has been a great one so far and things are sure to get more exciting as we get closer to conference tournaments, the NCAA Regionals and the College World Series. A young Georgetown team in the Nation’s Capitol has struggled with some injuries, but the battle for supremacy in the BIG EAST, like many other conferences across the country, are still up for debate. At the same time, our heartfelt condolences go out to everyone at Virginia Tech after the senseless tragedy that unfolded on the Blacksburg campus recently. I was not the only one, I’m sure, who was horrified by the images and though immediately of our friends who work on the campus. Pete Hughes, one of the great coaches in college baseball who I got to know when he was at Boston College and I worked at St. John’s, said it right after the Hokies’ 11-9 loss to Miami in the team’s first game after the tragedy. “We won before we got to the field today. The scoreboard was insignificant.” The board members of the National Collegiate Baseball Writers Association are in the process of selecting names for yearly awards. Last week, the final list for the Stopper of the Year Award will be announced and right behind that, we will have announcements for All-American nominees. -
Cubs Daily Clips
September 10, 2016 Cubs.com Lester, Bryant lower Cubs' magic number to 7 By Brian McTaggart and Jordan Ray HOUSTON -- He could have been an Astro, and on Friday night, Cubs third baseman Kris Bryant served up a reminder of the kind of impact he could have had at Minute Maid Park. Bryant, taken by the Cubs as the No. 2 overall pick in the 2013 Draft after the Astros passed on him with the top pick, clubbed a two-run homer in the fifth inning to back seven scoreless from Jon Lester to send the Cubs to a 2-0 win over the Astros, lowering Chicago's magic number to 7. "It still feels like we're just right in the middle of the season, but we feel like we're getting to baseball that actually really matters," Bryant said. "Anything can happen in the full season, so you've got to get there first, and we certainly feel like we're playing really good baseball right now." The Astros have lost three in a row and remain 2 1/2 games back in the race for the second American League Wild Card spot behind both the Orioles and Tigers, who drew even on Friday with Detroit's 4-3 win over Baltimore. "We did have some chances," Astros manager A.J. Hinch said. "Lester's a good pitcher and he has a way of finding himself out of these jams. We did get the leadoff runner on about half the innings against Lester but couldn't quite get the big hit. -
Kit Young's Sale
KIT YOUNG’S SALE #91 1952 ROYAL STARS OF BASEBALL DESSERT PREMIUMS These very scarce 5” x 7” black & white cards were issued as a premium by Royal Desserts in 1952. Each card includes the inscription “To a Royal Fan” along with the player’s facsimile autograph. These are rarely offered and in pretty nice shape. Ewell Blackwell Lou Brissie Al Dark Dom DiMaggio Ferris Fain George Kell Reds Indians Giants Red Sox A’s Tigers EX+/EX-MT EX+/EX-MT EX EX+ EX+/EX-MT EX+ $55.00 $55.00 $39.00 $120.00 $55.00 $99.00 Stan Musial Andy Pafko Pee Wee Reese Phil Rizzuto Eddie Robinson Ray Scarborough Cardinals Dodgers Dodgers Yankees White Sox Red Sox EX+ EX+ EX+/EX-MT EX+/EX-MT EX+/EX-MT EX+/EX-MT $265.00 $55.00 $175.00 $160.00 $55.00 $55.00 1939-46 SALUTATION EXHIBITS Andy Seminick Dick Sisler Reds Reds EX-MT EX+/EX-MT $55.00 $55.00 We picked up a new grouping of this affordable set. Bob Johnson A’s .................................EX-MT 36.00 Joe Kuhel White Sox ...........................EX-MT 19.95 Luke Appling White Sox (copyright left) .........EX-MT Ernie Lombardi Reds ................................. EX 19.00 $18.00 Marty Marion Cardinals (Exhibit left) .......... EX 11.00 Luke Appling White Sox (copyright right) ........VG-EX Johnny Mize Cardinals (U.S.A. left) ......EX-MT 35.00 19.00 Buck Newsom Tigers ..........................EX-MT 15.00 Lou Boudreau Indians .........................EX-MT 24.00 Howie Pollet Cardinals (U.S.A. right) ............ VG 4.00 Joe DiMaggio Yankees ........................... -
NATIONAL COLLEGIATE BASEBALL WRITERS NEWSLETTER (Volume 43, No
NATIONAL COLLEGIATE BASEBALL WRITERS NEWSLETTER (Volume 43, No. 2, Feb. 27, 2004) NCBWA President’s Message By NCBWA President Jeff Hurd Before basketball’s March Madness descends upon us, it is a little amazing that some Division I baseball teams are approaching the 20-game mark (notably Kansas at 9-7-1 through Feb. 23 and Cal Poly at 12- 4 prior to its Feb. 25-29 games). Before you know it, the NCAA Regionals will be upon us. This absolutely is one of the busiest but most intriguing times of the college sports year with as many as 10-12 sports occurring simultaneously from baseball to men’s volleyball to golf to indoor track to gosh- knows-what. It’s also refreshing to welcome the initial 2004 NCAA Division II NCBWA poll to this month’s newsletter and to see some of the baseball teams from cooler weather regions migrating south for the annual ritual of spring break baseball. The incessant pings of the aluminum bats remind us that the sights and smells of springtime and conference baseball cannot be far off; enjoy and sneak out of the arenas when time permits for some great diamond activity. Sincerely, Jeff Hurd - NCBWA President - Western Athletic Conference NCBWA Division I Players of Week The NCBWA Division I National Players of the Week are into their third week of the 2004 season. Nominees for the aw2ard are taken from Conference players of the week and announced on Tuesday. NCBWA Vice-President Mike Montoro of Southern Miss ([email protected]) coordinates the weekly awards. -
Estimated Age Effects in Baseball
ESTIMATED AGE EFFECTS IN BASEBALL By Ray C. Fair October 2005 Revised March 2007 COWLES FOUNDATION DISCUSSION PAPER NO. 1536 COWLES FOUNDATION FOR RESEARCH IN ECONOMICS YALE UNIVERSITY Box 208281 New Haven, Connecticut 06520-8281 http://cowles.econ.yale.edu/ Estimated Age Effects in Baseball Ray C. Fair¤ Revised March 2007 Abstract Age effects in baseball are estimated in this paper using a nonlinear xed- effects regression. The sample consists of all players who have played 10 or more full-time years in the major leagues between 1921 and 2004. Quadratic improvement is assumed up to a peak-performance age, which is estimated, and then quadratic decline after that, where the two quadratics need not be the same. Each player has his own constant term. The results show that aging effects are larger for pitchers than for batters and larger for baseball than for track and eld, running, and swimming events and for chess. There is some evidence that decline rates in baseball have decreased slightly in the more recent period, but they are still generally larger than those for the other events. There are 18 batters out of the sample of 441 whose performances in the second half of their careers noticeably exceed what the model predicts they should have been. All but 3 of these players played from 1990 on. The estimates from the xed-effects regressions can also be used to rank players. This ranking differs from the ranking using lifetime averages because it adjusts for the different ages at which players played. It is in effect an age-adjusted ranking. -
EMS to Ask for More Federal Money Meadowcrest FRED HIERS Nonprofit, Ambulance Company’S Clerk of Court Staff Writer Share to Be About $1.7 Million
Project1:Layout 1 6/10/2014 1:13 PM Page 1 MLB: Rays earn series win over White Sox / B1 MONDAY TODAY C I T R U S C O U N T Y & next morning HIGH 91 Some sun; scattered storms LOW move inland. 74 PAGE A4 www.chronicleonline.com AUGUST 23, 2021 Florida’s Best Community Newspaper Serving Florida’s Best Community $1 VOL. 126 ISSUE 324 NEWS BRIEFS EMS to ask for more federal money Meadowcrest FRED HIERS nonprofit, ambulance company’s clerk of court Staff writer share to be about $1.7 million. When costs to exchange out an en- shut for now Nature Coast EMS will go to the gine and other costs were sub- BOCC to chew on dog park The Clerk of Court Citrus County Commission on tracted, Baxter said the amount for Citrus County an- Tuesday asking that its share of was reduced to $1.1 million. nounced its Meadow- federal COVID relief Earlier this summer, idea for Citrus Springs funds be reconsidered crest customer service that was reduced again to after commissioners cut $822,000 and again to location in Crystal the local agency’s portion $300,000 by the county MICHAEL D. BATES Schlabach asked staff to River will be closed to only a fraction of what commission. Baxter said Staff writer crunch the numbers. Their esti- Monday through Fri- it was a year ago. the latest reduction came mate: $64,322. Of that, 82% of the day, Aug. 23 to Nature Coast, which when Nature Coast’s County commissioners Tues- cost was for clearing land and Aug. -
Academic All-America All-Time List
Academic All-America All-Time List Year Sport Name Team Position Abilene Christian University 1963 Football Jack Griggs ‐‐‐ LB 1970 Football Jim Lindsey 1 QB 1973 Football Don Harrison 2 OT Football Greg Stirman 2 OE 1974 Football Don Harrison 2 OT Football Gregg Stirman 1 E 1975 Baseball Bill Whitaker ‐‐‐ ‐‐‐ Football Don Harrison 2 T Football Greg Stirman 2 E 1976 Football Bill Curbo 1 T 1977 Football Bill Curbo 1 T 1978 Football Kelly Kent 2 RB 1982 Football Grant Feasel 2 C 1984 Football Dan Remsberg 2 T Football Paul Wells 2 DL 1985 Football Paul Wells 2 DL 1986 Women's At‐Large Camille Coates HM Track & Field Women's Basketball Claudia Schleyer 1 F 1987 Football Bill Clayton 1 DL 1988 Football Bill Clayton 1 DL 1989 Football Bill Clayton 1 DL Football Sean Grady 2 WR Women's At‐Large Grady Bruce 3 Golf Women's At‐Large Donna Sykes 3 Tennis Women's Basketball Sheryl Johnson 1 G 1990 Football Sean Grady 1 WR Men's At‐Large Wendell Edwards 2 Track & Field 1991 Men's At‐Large Larry Bryan 1 Golf Men's At‐Large Wendell Edwards 1 Track & Field Women's At‐Large Candi Evans 3 Track & Field 1992 Women's At‐Large Candi Evans 1 Track & Field Women's Volleyball Cathe Crow 2 ‐‐‐ 1993 Baseball Bryan Frazier 3 UT Men's At‐Large Brian Amos 2 Track & Field Men's At‐Large Robby Scott 2 Tennis 1994 Men's At‐Large Robby Scott 1 Tennis Women's At‐Large Kim Bartee 1 Track & Field Women's At‐Large Keri Whitehead 3 Tennis 1995 Men's At‐Large John Cole 1 Tennis Men's At‐Large Darin Newhouse 3 Golf Men's At‐Large Robby Scott #1Tennis Women's At‐Large Kim -
Joe Di Maggio's Mighty Swing
Marilyn E. Jackler Memorial Collection of Tobacco Advertisements AC1224 Date: Theme: Athletic Endorsers Campaign: 28% less Nicotine Key phrase: “Joe Di Maggio’s mighty swing” Brand: Camel Company: RJ Reynolds Comment: Joe Di Maggio was Born November 25, 1914, the eighth of nine siblings, into a poor immigrant family from Italy. His father, Giuseppe, was a fisherman and expected the same of his five sons. Often called “lazy” and “good for nothing”, Joe Di Maggio proved his father wrong, first playing for the San Francisco Seals on October 1, 1932, rising out of poverty, and going on to become a three time MVP winner and thirteen time All-Star for the New York Yankees. Joltin’ Joe hit safely in 56 consecutive games in the 1941 season, a record still unmatched. Joe Di Maggio’s mighty swing was curtailed along with his American dream on October 14, 1998 by tobacco when he died following surgery for lung cancer. For more information contact the Archives Center at [email protected] or 202-633-3270 1 Marilyn E. Jackler Memorial Collection of Tobacco Advertisements AC1224 Date: Theme: Athletic Endorsers Campaign: easier on the throat – milder in every way. Key phrase: I’ve smoked Camels for 8 years Brand: Camel Company: RJ Reynolds Comment: Joe Di Maggio was Born November 25, 1914, the eighth of nine siblings, into a poor immigrant family from Italy. His father, Giuseppe, was a fisherman and expected the same of his five sons. Often called “lazy” and “good for nothing”, Joe Di Maggio proved his father wrong, first playing for the San Francisco Seals on October 1, 1932, rising out of poverty, and going on to become a three time MVP winner and thirteen time All-Star for the New York Yankees. -
1941-04-26 [P
.... it it it x x x ^ ^ w ^ ~ ~ ST. LOUIS COPS York To 6-0 Over New ~ Bonham Pitches Victory Washington—— CONTEST, 8 TO 4 ± ■A-- __ Beaned Pearson Bout Score Runs in Bursts of Two _ Reiser By YANKS HIKE LEAD Hill-Mahoney Tops And Click Off Five Double Plays in Field TO FULL CONTEST Mat Slate Monday Nighi ST. Wrestling fans of LOUIS, April 25.—(tf)—Scor- Ernie Allows but Three Hits Wilmington n, I ing runs in bursts of two and click- doubt will welcome the in Second return of ing off five double playe in the As He Tarns Sailor Barto Hill, who made field, the St. Louis Cardinals de- Win of Year a Straight hit with the mat feated the Cincinnati Reds today, great addicts m 8 to 4. cham- a series of bouts breaking the world here several streak. 25.— UP!— Er- pions’ 5-game winning NEW YORK, April months ago, and who is The Cardinals now have won Cuming nie Bonham tossed a neat three-hit back to clash four of their five encounters with with the versatile shutout to lead the Yankees the Reds, whom they beat three today Paul Bozzell at Thalian hall in a row to 6 to 0 victory over the "Wash- times to start the 6eason. a. day night. Lean Lon Warneke won one of and leave the New ingon Senators, The those and he credit for former gob, as salty a games got Yorkers a full game in front of [aj he didn’t as ever sailed the seven today’s victory although American seas, i®, finish. -
Line Drives (Jan. 15, 2009)
LINE DRIVES THE NATIONAL COLLEGIATE BASEBALL WRITERS NEWSLETTER (Volume 48, No. 1, Jan. 15, 2009) The President’s Message By NCBWA President Joe Dier Happy New Season! It’s been raining to beat the band in Starkville, Miss., of late, and in my water-logged way of thinking, that’s probably a good thing. With more than 20 inches of rain in the past month, we’re nearing a record for one of the wettest droughts ever. Of perhaps greater import, though, is the thought that each day of the wet stuff in December and January surely must translate into fewer tarp days at Dudy Noble Field and other baseball locales in the region when the 2009 college baseball season gets under way from coast to coast on February 20. Another round of congratulations to ’08 champ Fresno State and its title-clinching win over Georgia in the All-Bulldog championship series of the 2008 College World Series. The 2008 campaign was an intrigue-filled one, chocked full of memorable performances on the diamond. The coming season promises more of the same. Congratulations are in order for ESPN broadcaster extraordinaire Mike Patrick. Last month Patrick, a fixture in the broadcast booth at the College World Series, was named the recipient of the 34th annual Wilbur Snypp Award, presented annually by the NCBWA for outstanding contributions to college baseball. It’s a good day when you can be tuned into one of Patrick’s broadcasts. It’s a better day when as an SID you get to work with him in Omaha, as he prepares for the broadcast of your team’s game in the College World Series.