Does March Madness lead to irrational exuberance in the NBA draft? High-value employee selection decisions and decision-making bias

被引：7
作者：
Ichniowski, Casey [1 ,2 ]
Preston, Anne [3 ]
机构：
[1] Columbia Univ, Grad Sch Business, 713 Uris Hall, New York, NY 10027 USA
[2] Columbia Univ, NBER, 713 Uris Hall, New York, NY 10027 USA
[3] Haverford Coll, Dept Econ, Chase Hall, Haverford, PA 19041 USA
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2017年 / 142卷
关键词：
Decision making; Employee selection; Bias;
D O I：
10.1016/j.jebo.2017.07.015
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We use detailed, personally-assembled data on the performance of collegiate and professional basketball players over the 1997-2010 period, to look at the impact of performance in the NCAA "March Madness" college basketball tournament on NBA teams' draft decisions and players' ultimate success in the NBA. We find that unexpected March Madness (MM) performance, in terms of team wins and player scoring, affects draft decisions, and NBA personnel who are making these draft decisions are not irrationally overweighting this MM information. If anything, the unexpected performance in the March Madness tournament deserves more weight than it gets in the draft decisions. (C) 2017 Elsevier B.V. All rights reserved.
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页码：105 / 119
页数：15
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