Abstract
This study explored and summarized cognitive biases and distorted decision making that prevent rational and efficient sports management in markets of professional athletes, in particular, baseball. In addition to this, cross-cultural difference between MLB and NPB (Nippon Professional Baseball) was pointed out to avoid inefficiencies in baseball markets and reach rational decision making in sports management. First, a variety of cognitive biases and distorted decision making commonly observed in both MLB and NPB were identified. It was demonstrated that cognitive biases and distorted decision making in home field advantage, draft picks, team organization, or judgment or feeling about the game itself such as momentum shift were ubiquitous in both professional baseball leagues. Throughout the comparative study of MLB and NPB in particular paying emphasis on the concentration (MLB) and the spiritualism (group harmony) (NPB), it is suggested that the cross-cultural difference potentially leads to different decision making in baseball management such as the contracting money, draft picks, or contraction with no promising players. Cross-cultural difference between MLB and NPB is also a cause to give rise to cognitive biases or behavior in sports management or decision making. Until now, the biases that stem from cross-cultural differences have not been fully explored and identified. The biases in decision making and behavior in draft picks or making a continued contract with players peculiar to NPB and not observed in MLB have been summarized in this study.
| Original language | English |
|---|---|
| Title of host publication | Advances in Human Factors, Business Management and Society - Proceedings of the AHFE 2018 International Conference on Human Factors, Business Management and Society, 2018 |
| Publisher | Springer Verlag |
| Pages | 668-680 |
| Number of pages | 13 |
| ISBN (Print) | 9783319947082 |
| DOIs | |
| Publication status | Published - Jan 1 2019 |
| Event | AHFE International Conference on Human Factors, Business Management and Society, 2018 - Orlando, United States Duration: Jul 21 2018 → Jul 25 2018 |
Publication series
| Name | Advances in Intelligent Systems and Computing |
|---|---|
| Volume | 783 |
| ISSN (Print) | 2194-5357 |
Other
| Other | AHFE International Conference on Human Factors, Business Management and Society, 2018 |
|---|---|
| Country | United States |
| City | Orlando |
| Period | 7/21/18 → 7/25/18 |
Fingerprint
Keywords
- Cognitive bias
- Cross-Cultural difference
- Distorted decision making
- MLB
- NPB
- Sports management
ASJC Scopus subject areas
- Control and Systems Engineering
- Computer Science(all)
Cite this
Cognitive biases and distorted decision making that prevent rational and efficient sports management - Cross-cultural difference between MLB and NPB. / Murata, Atsuo.
Advances in Human Factors, Business Management and Society - Proceedings of the AHFE 2018 International Conference on Human Factors, Business Management and Society, 2018. Springer Verlag, 2019. p. 668-680 (Advances in Intelligent Systems and Computing; Vol. 783).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
}
TY - GEN
T1 - Cognitive biases and distorted decision making that prevent rational and efficient sports management - Cross-cultural difference between MLB and NPB
AU - Murata, Atsuo
PY - 2019/1/1
Y1 - 2019/1/1
N2 - This study explored and summarized cognitive biases and distorted decision making that prevent rational and efficient sports management in markets of professional athletes, in particular, baseball. In addition to this, cross-cultural difference between MLB and NPB (Nippon Professional Baseball) was pointed out to avoid inefficiencies in baseball markets and reach rational decision making in sports management. First, a variety of cognitive biases and distorted decision making commonly observed in both MLB and NPB were identified. It was demonstrated that cognitive biases and distorted decision making in home field advantage, draft picks, team organization, or judgment or feeling about the game itself such as momentum shift were ubiquitous in both professional baseball leagues. Throughout the comparative study of MLB and NPB in particular paying emphasis on the concentration (MLB) and the spiritualism (group harmony) (NPB), it is suggested that the cross-cultural difference potentially leads to different decision making in baseball management such as the contracting money, draft picks, or contraction with no promising players. Cross-cultural difference between MLB and NPB is also a cause to give rise to cognitive biases or behavior in sports management or decision making. Until now, the biases that stem from cross-cultural differences have not been fully explored and identified. The biases in decision making and behavior in draft picks or making a continued contract with players peculiar to NPB and not observed in MLB have been summarized in this study.
AB - This study explored and summarized cognitive biases and distorted decision making that prevent rational and efficient sports management in markets of professional athletes, in particular, baseball. In addition to this, cross-cultural difference between MLB and NPB (Nippon Professional Baseball) was pointed out to avoid inefficiencies in baseball markets and reach rational decision making in sports management. First, a variety of cognitive biases and distorted decision making commonly observed in both MLB and NPB were identified. It was demonstrated that cognitive biases and distorted decision making in home field advantage, draft picks, team organization, or judgment or feeling about the game itself such as momentum shift were ubiquitous in both professional baseball leagues. Throughout the comparative study of MLB and NPB in particular paying emphasis on the concentration (MLB) and the spiritualism (group harmony) (NPB), it is suggested that the cross-cultural difference potentially leads to different decision making in baseball management such as the contracting money, draft picks, or contraction with no promising players. Cross-cultural difference between MLB and NPB is also a cause to give rise to cognitive biases or behavior in sports management or decision making. Until now, the biases that stem from cross-cultural differences have not been fully explored and identified. The biases in decision making and behavior in draft picks or making a continued contract with players peculiar to NPB and not observed in MLB have been summarized in this study.
KW - Cognitive bias
KW - Cross-Cultural difference
KW - Distorted decision making
KW - MLB
KW - NPB
KW - Sports management
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U2 - 10.1007/978-3-319-94709-9_65
DO - 10.1007/978-3-319-94709-9_65
M3 - Conference contribution
SN - 9783319947082
T3 - Advances in Intelligent Systems and Computing
SP - 668
EP - 680
BT - Advances in Human Factors, Business Management and Society - Proceedings of the AHFE 2018 International Conference on Human Factors, Business Management and Society, 2018
PB - Springer Verlag
ER -