Jeffrey Zwiebel

Last updated
Jeffrey Zwiebel
Born (1965-12-12) December 12, 1965 (age 58) [1]
Academic career
Field Microeconomics, corporate finance, sports economics
Institution Stanford Graduate School of Business
Alma mater Princeton University (AB with highest honors, 1987); Massachusetts Institute of Technology (PhD, 1991)
Doctoral
advisor
Oliver Hart [2]
Awards Sloan Research Fellowship

Jeffrey Herman Zwiebel (born December 12, 1965) is an American economist and the James C. Van Horne Professor of Finance at the Stanford Graduate School of Business.

A study he co-authored in 2013, along with Brett Green of the University of California, Berkeley, reported that the "hot-hand fallacy" did not appear to be a fallacy after all. Specifically, they reported that an average-power batter in Major League Baseball on a "hot streak" was about as likely to hit a home run as a good-power batter would normally be. [3] [4] [5] [6]

Related Research Articles

<span class="mw-page-title-main">Hit by pitch</span> Baseball statistic

In baseball, hit by pitch (HBP) is an event in which a batter or his clothing or equipment is struck directly by a pitch from the pitcher; the batter is called a hit batsman (HB). A hit batsman is awarded first base, provided that he made an honest effort to avoid the pitch, although failure to do so is rarely called by an umpire. Being hit by a pitch is often caused by a batter standing too close to, or "crowding", home plate.

In baseball, a sacrifice fly is defined by Rule 9.08(d): "Score a sacrifice fly when, before two are out, the batter hits a ball in flight handled by an outfielder or an infielder running in the outfield in fair or foul territory that

  1. is caught, and a run scores after the catch, or
  2. is dropped, and a runner scores, if in the scorer's judgment the runner could have scored after the catch had the fly ball been caught."
<span class="mw-page-title-main">Baseball</span> Bat-and-ball game

Baseball is a bat-and-ball sport played between two teams of nine players each, taking turns batting and fielding. The game occurs over the course of several plays, with each play generally beginning when a player on the fielding team, called the pitcher, throws a ball that a player on the batting team, called the batter, tries to hit with a bat. The objective of the offensive team is to hit the ball into the field of play, away from the other team's players, allowing its players to run the bases, having them advance counter-clockwise around four bases to score what are called "runs". The objective of the defensive team is to prevent batters from becoming runners, and to prevent runners advancing around the bases. A run is scored when a runner legally advances around the bases in order and touches home plate.

The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the belief that, if an event has occurred less frequently than expected, it is more likely to happen again in the future. The fallacy is commonly associated with gambling, where it may be believed, for example, that the next dice roll is more than usually likely to be six because there have recently been fewer than the expected number of sixes.

<span class="mw-page-title-main">Shawn Green</span> American baseball player (born 1972)

Shawn David Green is an American former professional baseball right fielder who played for multiple teams in Major League Baseball (MLB). Green was a first-round draft pick and a two-time major league All-Star. He drove in 100 runs four times and scored 100 runs four times, hit 40 or more home runs three times, led the league in doubles, extra base hits, and total bases, won both a Gold Glove Award and a Silver Slugger Award, and set the Dodgers then single-season record in home runs. Green also set the MLB record for most total bases in a single game, with 19, on May 23, 2002 vs. the Milwaukee Brewers. Green was in the top five in the league in home runs, RBIs, intentional walks, and MVP voting multiple times throughout his career.

<i>R.B.I. Baseball</i> Baseball video game series

R.B.I. Baseball is a baseball sports video game series. R.B.I. stands for "runs batted in". Launched in 1987 as a localized version of Namco's Family Stadium series, the R.B.I. Baseball series initially ran through 1995. In 2014, the series was rebooted as a competitor to MLB: The Show, with releases each year until its cancellation. The series ended in 2022 with the release of MLB The Show 22 on the Nintendo Switch.

<span class="mw-page-title-main">Jim Barr</span> American baseball player (born 1948)

James Leland Barr is an American former professional baseball right-handed pitcher in Major League Baseball (MLB) who played for the San Francisco Giants and California Angels (1979–1980).

<span class="mw-page-title-main">Thousand Oaks High School</span> Public school in Thousand Oaks, California, United States

Thousand Oaks High School (TOHS) is a high school in Thousand Oaks, California, United States. Established in 1962, it is part of the Conejo Valley Unified School District. It has a suburban campus with one story buildings, connected by external sidewalks, lawn areas and overhanging roofs. The campus was originally built in the 1960s, however some of the campus has undergone renovation and construction, including the addition of a Performing Arts Center in 1999. As of the 2020–21 school year, the school has an enrollment of 2,042 out of a planned capacity of 2,886; graduating classes typically number between 450 and 500.

<span class="mw-page-title-main">Andrew Miller (baseball)</span> American baseball player (born 1985)

Andrew Mark Miller is an American former professional baseball pitcher. He played in Major League Baseball (MLB) for the Detroit Tigers, Florida Marlins, Boston Red Sox, Baltimore Orioles, New York Yankees, Cleveland Indians, and St. Louis Cardinals. Primarily a starting pitcher who struggled early in his MLB career, Miller found sustained success as a reliever utilizing a multi-faceted fastball and slider approach that proved deceptive for batters to hit. A left-handed batter and thrower, Miller stands 6 feet 7 inches (2.01 m) tall and weighs 205 pounds (93 kg).

<span class="mw-page-title-main">Brett Anderson (baseball)</span> American baseball player (born 1988)

Brett Franklin Anderson is an American former professional baseball pitcher. He has previously played in Major League Baseball (MLB) from 2009 to 2021 for the Oakland Athletics, Colorado Rockies, Los Angeles Dodgers, Chicago Cubs, Toronto Blue Jays, and Milwaukee Brewers.

<span class="mw-page-title-main">Brett Cecil</span> American baseball player (born 1986)

Brett Aarion Cecil is an American former professional baseball pitcher. He played in Major League Baseball (MLB) for the Toronto Blue Jays and St. Louis Cardinals. Cecil was drafted as the 38th overall pick in the 2007 MLB draft by the Blue Jays. He pitched for DeMatha Catholic High School and the Maryland Terrapins of the University of Maryland, College Park. In the summer of 2005, he pitched for the Silver Spring-Takoma Thunderbolts in the Cal Ripken Collegiate Baseball League and threw the first and only no-hitter by a single pitcher in league history.

<span class="mw-page-title-main">Michael Brantley</span> American baseball player (born 1987)

Michael Charles Brantley Jr., is an American former professional baseball outfielder. He played in Major League Baseball (MLB) for the Cleveland Indians and the Houston Astros. The son of former MLB player and hitting coach Mickey Brantley, he is a left-handed batter and thrower.

Jeremy Bleich is an American-Israeli former professional baseball pitcher who currently works as an advance scout and analyst for the Pittsburgh Pirates and pitches for Team Israel. He previously played for the Oakland Athletics of Major League Baseball (MLB).

<span class="mw-page-title-main">John Mayberry Jr.</span> American baseball player (born 1983)

John Claiborn Mayberry Jr., is an American former professional baseball outfielder, who played in the Major League Baseball (MLB) for the Philadelphia Phillies, Toronto Blue Jays, and New York Mets.

The "hot hand" is a phenomenon, previously considered a cognitive social bias, that a person who experiences a successful outcome has a greater chance of success in further attempts. The concept is often applied to sports and skill-based tasks in general and originates from basketball, where a shooter is more likely to score if their previous attempts were successful; i.e., while having the "hot hand.” While previous success at a task can indeed change the psychological attitude and subsequent success rate of a player, researchers for many years did not find evidence for a "hot hand" in practice, dismissing it as fallacious. However, later research questioned whether the belief is indeed a fallacy. Some recent studies using modern statistical analysis have observed evidence for the "hot hand" in some sporting activities; however, other recent studies have not observed evidence of the "hot hand". Moreover, evidence suggests that only a small subset of players may show a "hot hand" and, among those who do, the magnitude of the "hot hand" tends to be small.

<span class="mw-page-title-main">Anthony Rendon</span> American baseball player (born 1990)

Anthony Michael Rendon is an American baseball third baseman for the Los Angeles Angels of Major League Baseball (MLB). He has previously played for the Washington Nationals and was a member of the Nationals' 2019 World Series championship team.

The Pine Tar Incident was a controversial incident in 1983 during an American League baseball game played between the Kansas City Royals and New York Yankees at Yankee Stadium in New York City on Sunday, July 24, 1983.

<span class="mw-page-title-main">Mark Appel</span> American baseball player (born 1991)

Mark Stewart Appel is an American professional baseball pitcher who is a free agent. He was drafted by the Houston Astros with the first overall pick of the 2013 Major League Baseball draft. He has played in Major League Baseball (MLB) for the Philadelphia Phillies.

<span class="mw-page-title-main">Whit Merrifield</span> American baseball player (born 1989)

Whitley David Merrifield is an American professional baseball utility player who is a free agent. He has played in Major League Baseball (MLB) for the Kansas City Royals, Toronto Blue Jays, Philadelphia Phillies and Atlanta Braves. Merrifield is a three-time All-Star and has led the American League in stolen bases three times.

Tristan Robert Beck is an American professional baseball pitcher for the San Francisco Giants of Major League Baseball (MLB). He played college baseball for the Stanford Cardinal. The Atlanta Braves selected Beck in the fourth round of the 2018 MLB draft, and traded him to the Giants in 2019. He made his MLB debut in 2023.

References

  1. "FamilySearch.org". FamilySearch . Retrieved 28 November 2023.
  2. Dissertation Abstracts International: The humanities and social sciences. A. University Microfilms. 1992. p. 913.
  3. Green, Brett; Zwiebel, Jeffrey (2017-09-15). "The Hot-Hand Fallacy: Cognitive Mistakes or Equilibrium Adjustments? Evidence from Major League Baseball". Management Science. 64 (11): 5315–5348. doi:10.1287/mnsc.2017.2804. ISSN   0025-1909. S2CID   21700073.
  4. Cohen, Skylar (2014-11-05). "Researchers investigate hot streaks in sports". Stanford Daily. Retrieved 2017-09-24.
  5. "The 'hot hand' might be real after all". The Boston Globe. 2014-02-09. Retrieved 2017-09-24.
  6. Andrews, Edmund (2014-03-25). "Jeffrey Zwiebel: Why the "Hot Hand" May Be Real After All". Stanford Graduate School of Business. Retrieved 2017-09-24.