One Reason Why Leagues Keep Too Many Players
On occasion, I start to comment on a post and realize “hey, I could get paid for this.” That’s happening right now. Last Friday, Joe Douglas wrote about ottoneu owners keeping too many players. He breaks down some basic maths to show his work, concluding that, on average, teams keep five extra players. This includes generous allowances for inflation, one-year “rentals,” and prospects. A strong case could be made that we keep more than five extra players.
His point is pretty clear – we should keep fewer players. And he’s probably right. The endowment effect causes us to overvalue things we already own. It’s tough to stay objective when we’ve invested so much time and energy into acquiring some of these players.
There’s just one fly in the ointment – information asymmetry ensures that too many players should be kept. Especially since ottoneu allows for trading right up to the keep/cut deadline.