Professionals Do Not Play Minimax: Evidence from Major League Baseball and the National Football League
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We are grateful to John List, Ben Baumer, Andrew Stein, Jeff Ma, Mark Kamal, Lucas Ruprecht, and Paraag Marathe for helpful comments and discussions. Daniel Hirschberg provided outstanding research assistance. Thanks to Baseball Info Solutions and Citizen Sports Network for providing data. Correspondence should be addressed to: Professor Steven Levitt, Department of Economics, University of Chicago, 1126 E. 59th Street, Chicago, IL 60637, or firstname.lastname@example.org. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.