Introduction
In 2018, I introduced a game theory approach for comparing baseball projection systems. Proudly, the original article was nominated for Baseball Article of the Year by the Fantasy Sports Writers Association (FSWA). Today, I am proud to release the same in-depth research for the sixth consecutive year!
This is not a typical statistical analysis. There won’t be any Chi-squared tests, nor will I calculate Type I or Type II errors. Forget about mean squared errors or any hypothesis testing.
My methodology does not incorporate a statistical model. Instead, it looks to determine the profitability potential of each projection system by simulating what would have happened in a fantasy auction draft. It games the projections.
What do I mean by this?
Let’s think about what happens in a real fantasy [pun intended] baseball draft auction.
Suppose that Jared Cross himself (or anyone exclusively using the Steamer projections) walks into a rotisserie auction prior to the 2023 baseball season. Let’s say that Jared decides to participate in an NFBC auction league. Mr. Cross would take his projections and run a valuation method through them to obtain auction prices. He would generate a list that looked something like this …
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