Anne E. Preston
Department of Economics
203 Stokes Hall
Haverford, PA 19041
NBER Working Papers and Publications
|September 2014||Do Star Performers Produce More Stars? Peer Effects and Learning in Elite Teams|
with Casey Ichniowski: w20478
This study investigates the professional soccer industry to ask whether the talent of an individual's co-workers helps explain differences in the rate of human capital accumulation on the job. Data tracking national soccer team performance and the professional leagues their members play for are particularly well suited for developing convincing non-experimental evidence about these kinds of peer effects. The empirical results consistently show that performance improves more after an individual has been a member of an elite team than when he has been a member of lower level teams. The conclusion is borne out by a rich set of complementary data on: national team performance, player-level performance, performance of foreign players who joined elite teams after an exogenous shift in the numbe...
|March 2012||Does March Madness Lead to Irrational Exuberance in the NBA Draft? High-Value Employee Selection Decisions and Decision-Making Bias|
with Casey Ichniowski: w17928
Using a detailed personally-assembled data set on the performance of collegiate and professional basketball players over the 1997-2010 period, we conduct a very direct test of two questions. Does performance in the NCAA "March Madness" college basketball tournament affect NBA teams' draft decisions? If so, is this effect the result of decision making biases which overweight player performance in these high-visibility college basketball games or rational judgments of how the players later perform in the NBA? The data provide very clear answers to these two questions. First, unexpected March Madness performance, in terms of unexpected team wins and unexpected player scoring, affects draft decisions. This result persists even when models control for a direct measure of the drafted player...
Published: Casey Ichniowski & Anne Preston, 2017. "Does March Madness lead to irrational exuberance in the NBA draft? High-value employee selection decisions and decision-making bias," Journal of Economic Behavior & Organization, vol 142, pages 105-119.