FANALYTICS: Refocusing on the marketplace
Mar 23 2012
We've been doing it all backwards.
The Baseball Forecaster's Encyclopedia of Fanalytics reminds us of Fantasy Economics 102 (p.53): "The variance between market value and real value is far more important than the absolute accuracy of any individual player projection." In other words, it's not about projective accuracy, it's about maximizing market inefficiency. This is important because our competitive advantages will come from our ability to read the marketplace and apply our own values. The variance between our expectations and those of the marketplace is where the profit and loss lie.
However, we have been building the foundation of this effort incorrectly. We've been providing you with tools that are not optimal for the...
Almost!
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