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Instrumental versus bounded rationality: a comparison of Major League Baseball and the National Basketball Association

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  • Berri, David J.
  • Schmidt, Martin B.

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  • Berri, David J. & Schmidt, Martin B., 2002. "Instrumental versus bounded rationality: a comparison of Major League Baseball and the National Basketball Association," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(3), pages 191-214.
    • Handle: RePEc:eee:soceco:v:31:y:2002:i:3:p:191-214
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    References listed on IDEAS

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    1. Scully, Gerald W., 1995. "The Market Structure of Sports," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226743950, April.
    2. Walter C. Neale, 1964. "The Peculiar Economics of Professional Sports," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 78(1), pages 1-14.
    3. Akerlof, George A & Dickens, William T, 1982. "The Economic Consequences of Cognitive Dissonance," American Economic Review, American Economic Association, vol. 72(3), pages 307-319, June.
    4. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
    5. Hosseini, Hamid, 1997. "Cognitive dissonance as a means of explaining economics of irrationality and uncertainty," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 26(2), pages 181-189.
    6. Scully, Gerald W, 1974. "Pay and Performance in Major League Baseball," American Economic Review, American Economic Association, vol. 64(6), pages 915-930, December.
    7. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    8. Andrew Hanssen, 1998. "The Cost of Discrimination: A Study of Major League Baseball," Southern Economic Journal, John Wiley & Sons, vol. 64(3), pages 603-627, January.
    9. Örn B. Bodvarsson & Raymond T. Brastow, 1999. "A Test Of Employer Discrimination In The Nba," Contemporary Economic Policy, Western Economic Association International, vol. 17(2), pages 243-255, April.
    10. Herbert A. Simon & Massimo Egidi & Ricardo Viale & Robin Marris, 1992. "Economics, Bounded Rationality and the Cognitive Revolution," Books, Edward Elgar Publishing, number 409.
    11. Blass, Asher A, 1992. "Does the Baseball Labor Market Contradict the Human Capital Model of Investment?," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 261-268, May.
    12. Hanssen, F Andrew & Andersen, Torben, 1999. "Has Discrimination Lessened over Time? A Test Using Baseball's All-Star Vote," Economic Inquiry, Western Economic Association International, vol. 37(2), pages 326-352, April.
    13. Hoang, Ha & Rascher, Dan, 1999. "The NBA, Exit Discrimination, and Career Earnings," MPRA Paper 3542, University Library of Munich, Germany.
    14. Clement, Robert C & McCormick, Robert E, 1989. "Coaching Team Production," Economic Inquiry, Western Economic Association International, vol. 27(2), pages 287-304, April.
    15. Lawrence M. Kahn, 1991. "Discrimination in Professional Sports: A Survey of the Literature," ILR Review, Cornell University, ILR School, vol. 44(3), pages 395-418, April.
    16. David J. Berri, 1999. "Who is 'most valuable'? Measuring the player's production of wins in the National Basketball Association," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(8), pages 411-427.
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    Cited by:

    1. Jim Lackritz & Ira Horowitz, 2021. "The Value of Statistics Contributing to Scoring in the NBA: A Quantitative Approach," The American Economist, Sage Publications, vol. 66(2), pages 175-189, October.
    2. Yupin Yang & Mengze Shi & Avi Goldfarb, 2009. "Estimating the Value of Brand Alliances in Professional Team Sports," Marketing Science, INFORMS, vol. 28(6), pages 1095-1111, 11-12.
    3. Robert A. Baade & Victor A. Matheson, 2008. "Research Note: Assessing Household Service Losses with Joint Survival Probabilities," Journal of Forensic Economics, National Association of Forensic Economics, vol. 20(2), pages 187-192, October.
    4. José M. Sánchez Santos & Pablo Castellanos García & Jesus A. Dopico Castro, 2006. "The production process in basketball: Empirical evidence from Spanish league," IASE Conference Papers 0628, International Association of Sports Economists.
    5. David J. Berri & Stacey L. Brook, 2010. "On the Evaluation of the ‘‘Most Important’’ Position in Professional Sports," Journal of Sports Economics, , vol. 11(2), pages 157-171, April.

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