Dunning-Kreuger and the $1 Player
In my Tout Wars auction held just over a week ago, 72 players were rostered who cost just $1. While I rostered my standard four, one owner got 10 with two others at nine*. I wondered if there is a point that having too many $1 players on a team is a detriment.
First, a little background on the auction. Here is the plot of the auction bids compared to the actual 2019 results.
The 2019 production leader was at $47 (Razzball) and $43 (FanGraphs auction calculator). Six players went at or above the $47 mark and eight over $43. The idea of spending more early on is to grab some $2 to $8 guys in the end game for $1. In this auction, everyone was taking that approach. I used my standard “lesser stars and scrubs” approach.
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