ROTISSERIE: Ignore ADP (mostly)
Feb 7 2023
You’ve probably heard this before, but it bears repeating: ADP is flawed. Using ADP as a draft tool, with a couple of exceptions, will lead to suboptimal outcomes. Draft the players you like, not who the market likes.
Okay, that wraps up the ADP talk. On to the next article…
Oh, wait. There are some details missing. And we can give better strategy advice than “ADP is bad.”
Why is ADP bad? In a nutshell, anchoring. Anchoring is a cognitive bias where our estimate of a quantity is heavily influenced by a previous or known estimate. One well-known example is a New York restaurant that features a $69 hot dog at the top of their menu. Nobody actually pays that for a hot dog, but it makes the $20 cheeseburger seem cheap by comparison....
Almost!
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