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The House Advantage: Playing the Odds to Win Big in Business The House Advantage: Playing the Odds to Win Big in Business by Jeffrey Ma
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“a limited view of the past is worse than a failure to take the past into account. Any type of history that fails to capture a whole picture spells a plethora of problems.”
Jeffrey Ma, The House Advantage: Playing the Odds to Win Big In Business
“First, purpose—what you hope to accomplish. In the case of Beane, he sought a better method for predicting baseball success. Second, scope—what to include or exclude in arriving at the decision. Beane decided to include past performance statistics and exclude aesthetic qualities. He reduced the scope of his search to data on performance. Third, perspective—your point of view in approaching this decision and how others might approach it.”
Jeffrey Ma, The House Advantage: Playing the Odds to Win Big In Business