TweetGoing back a few months now I have been thinking about trying to show statistically a more nuanced way to evaluate our purchases, particularly for large items that are relatively expensive and big portions of our budget. The idea basically struck me that people will spend a fairly large amount of money on what economists [...]
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What You Can Learn From Big-Spending Baseball Teams
TweetEarlier last week, the Los Angeles Angels shocked the baseball world by signing marquee free agent Josh Hamilton to a massive 5 year, $125 million dollar contract. This was surprising because offense did not seem to be a weakness for the Angels, their pitching had more holes to fill, and because Mr. Hamilton played for [...]