Mon Jun 02, 2008 12:26 pm EDT
Earlier this season we mentioned "the gambler's fallacy", which is basically the notion that chance events* are influenced by prior results. They aren't. But there were a few dissenting opinions in the comments.
This is not just some fool idea we came up with, however. (We have lots of those, but the gambler's fallacy isn't one of them). Credible people have been writing about it for years.
Last week over at The Hardball Times, Derek Carty wrote an excellent piece discussing what he called "The myth of the 'law of averages'":
In fantasy baseball terms, let's say that David Ortiz is absolutely a true .300 hitter, that his batting average skill level is exactly .300, and that he has simply been unlucky so far this year. A person using the the law of averages may say that because Ortiz is a true .300 hitter and/or because he had him projected to hit .300 at the beginning of the year, his current .247 batting average is simply bad luck ... This person will then conclude that Ortiz should hit .318 over the final three-quarters of the season because, while he is only a .300 hitter, he has to hit that .318 to even out the bad luck early on. That way, he will finish at .300, his true skill level.
Even if Ortiz is truly an exact .300 hitter, it is ridiculous to think he'll hit better than that simply because he's had bad luck. Luck doesn't work this way.
The full piece deserves a read. You have to appreciate Derek's cut-throatedness, too, when he recommends that you use the flawed (but somehow totally believable) math of the law of averages in trade negotiations.
Independent events are...well, they're independent. If a true .300 hitter bats .250 over the first three months of the season, you should not expect him to magically become a .350 hitter from July through September, simply because the law of averages compels him.
You'd like to think that Jonathan Papelbon eventually got around to explaining the gambler's fallacy to Hideki Okajima during this animated tutorial:
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(* No, baseball is not exactly a chance event in the way that, say, a coin flip is a chance event. Still, you shouldn't underestimate the influence of randomness).
Roto Arcade is a fantasy sports blog edited by Andy Behrens. Email him, and follow him on Twitter.
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109 Comments
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* Meaning that .208 AVG means nothing. When you get him, his value is the production he delivers at that point in time. Some people shy away from sluggers who aren't hitting their weight.
Oh, and if Derrick R and birdie get this, msg me (amak2k1 or amak_15) and I'll send the invite pronto.
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Not Lance in my pants tho
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Overall Performance: 67% (64 eligible teams)
Player Since: 2001
Teams Managed: 67 League Commish: 10% (7 of 67 leagues)
Played Most: Baseball
22 trophies
In recent years, I've mostly been involved in fairly competitive custom leagues. That obviously doesn't represent my full fantasy history, nor the years of off-line leagues.
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Oh and I don't know why but I think Vlad is gonna be hottest 2nd half player this year. I'm targeting him heavily. Tejada gonna fade without the juice...
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