Wednesday, October 13, 2010

Batting .300


For those baseball fans out there this article is a great one. Another example of how economists are everywhere. The picture is very telling.

15 comments:

  1. Tom Weisenbach 8AM T, TH

    I find this round number concept interesting, mainly because of how true it is. The author used three separate instances on how the round number theory is prevalent in our society. The perception that $2.99 is much cheaper than that of a flat $3 price is what has driven businesses for years. The other thing I find fascinating is the success rate of those major leaguers who are approaching .300 in their last at bat. I suppose this has to do with the motivation of the pitcher vs. the batter. While the batter is so focused on attaining that round number, the pitcher's focus stays the same throughout his appearance of trying to throw the most quality pitches in a row in order to get as many outs as he is called upon to get.

    ReplyDelete
  2. Max Ufberg
    MWF 2:00-2:50

    I think this statistic is very telling to the power of human motivation, as the insanely high success rate of these batters indicates. This reminds me of the 55% completion rate of NFL two-point conversions, which also only come at really crucial points in a game. The average completion rate for an NFL play is something around 49%. I also think it is interesting how badly people want to reach .300 - even though .299 is basically the same thing - just for appearances' sake. Much like with marketing products, .300 just looks much more impressive than .299.

    ReplyDelete
  3. Numbers do make a difference in human mind. I think everyone reacts different to the numbers psychological. It would make a difference when someone is buying groceries where one is priced at $.99 and other at $1. The consumer will get more attracted to the one priced at $.99. Therefore, many retail and fast food stores don’t round it to whole number. Also, people like to have whole number when considering money, grades, etc. For example, 89% is not as good as 90%. I think it’s the thinking of the human mind that sets goal around the whole numbers. Therefore, it’s valued higher in MLB if a player’s batting average is at .300 than at .299.

    Muktak Tripathi
    MWF, 2:00-2:50 P.M

    ReplyDelete
  4. Ashley Pesin
    TUES/THURS 8-9;20

    I find this round number concept extremely interesting and true. I agree with Muktak Tripathi because he talked about the consumer being more interested in a food or beverage item costing 99 in comparison to one dollar. Although that one cent does not make a noticeably notable difference, the idea is much more appealing. One thing I found most interesting was when they the article spoke of SAT scores. I believe students are retaking the SAT’s who’s numbers end in 90 rather than 00. Grades and test scores are so stressed upon in schools. Those seemingly minuscule 10 points make a huge different especially when determining a future college. It is fascinating to see how this round number theory can apply to all different types of ideas; baseball, money, SAT scores, and most likely much more if delved into. The idea of the one point in baseball makes such a large difference, relating to the batting score, but that one point (cent in this case) makes not much of a difference other than an appealing price to a consumer. It’s crazy to see how the world works and what economists can bring to us.

    ReplyDelete
  5. The article was a bit interesting and I could relate to the "99" theory. I've heard in the past that "99 cent" stores use this as a marketing strategy because it sounds better than a "dollar store". The pricing seems more appealing to customers because it causes them to believe that they are saving money, when actuality its just a penny.

    Even when it comes to my bank account, having $100.11 for example, is annoying to me because I would rather see a whole number.


    -Vonee Gomez

    ReplyDelete
  6. Michael Lam MWF 2-2:50
    It was really interesting to see how much numbers can effect a person. I have always saw stats to contribute a lot to the popularity of sports, especially baseball. It might seem somewhat selfish for players to be so concerned with batting a .300 as oppose to a .299. But Ortiz was completely right on his statements about 9s. Not a lot of people will be happy to get a 99% on a test when they could have gotten 100%. But the difference between 9's and the full ten is over magnified and it seems that it just stems from the a person's belief that a 10 is the max amount.

    ReplyDelete
  7. Ashley Gennett TTh 8-9:20

    I find this article so interesting, yet so true. I believe that when the human mind sees a number it makes a goal for itself, and that creates a type of motivation for us that we won't stop until we get there. I think sticking with the baseball theme, the Phillies this post season have shown a lot of that. We may be down by a few runs going into the 9th, but they KNOW what they have to do to make that goal complete. There is something so true about human minds wanting to conquer goals just from seeing numbers.

    ReplyDelete
  8. I found this article to be very interesting and true. It is amazing how the slightest number change makes such a difference in baseball, SAT's and prices. I know if I personally go to a store, I am more likely to buy an item if it is priced at 1.99 rather than 2.00. If it was priced at 2.00 i probably wouldnt buy it depending what it is. It is facinating how such psychology works on people. I also found the SAT statistics to be interesting. I think that if someone has a score that ends in a 9, they feel they would recieve a greater achievement in improving their score. However if it ended in a 00, many students feel there is no point to retake it. I think the 00 psychology gives people feeling of achievement.

    Jessica Catanese
    TTR 8:00

    ReplyDelete
  9. Kimberly Boyd MWF 2:00-2:50

    I found this article very interesting, especially because it's so true! I myself, feel this way when it comes to tests and papers. It's really amazing how motivation can be changed just because of a number, like this article was saying. I also found it interesting how the author related it back to SAT scores and how the number effects whether a student retakes the test or not. The statistics also showed that people will often think that $2.99 is much cheaper than the rounded price of $3.00. This is very interesting, and really shows how the public views numbers.

    ReplyDelete
  10. Zach Martin MWF 2-250

    Pitchers could really use this to their advantage toward the end of a season. If they notice that a batter's average is hovering around .300, it would be wise to pitch outside, and try to make them swing at bad pitches, because the batters are so much more likely to swing during these at bats. Especially when one considers that none of these batters walked on this last at bat, it's clear that they'll swing regardless of whether or not it's a good pitch.

    ReplyDelete
  11. Molly Moran MWF 2:00-2:50October 25, 2010 at 5:48 PM

    This article was really interesting to read because it lends itself to the studies of psychology and human behavior. I was especially interested in the correlation to SAT scores, as I myself was in the position described in the article, just 10 points short of my original goal. Because I was motivated and determined to reach that 00 level, I retook the test, just as the article suggested. It also really caught my attention that there is actual statistical work that goes on during baseball games, like the thinking done by the Red Sox manager who replaced Ortiz with a runner to protect his .300 average. It’s hard for me to imagine being conscious of the economics and statistics involved with individual players when the focus should be on the whole team’s success toward winning the game, but I guess it goes hand in hand.

    ReplyDelete
  12. This article was really interesting, and I agree that there is so much truth behind it. The idea that $2.99 seems cheaper than $3.00 has been a motive for businesses for years. And I never would've thought that SAT scores that merely ended with minor differences could affect someone that drastically. It's amazing to think about how statistics and economics can be so easily manipulated just because of motivations. And for a baseball player, it seems like that would be the last thing on their minds at the time. But if that's what gets the job done, then thats all it takes.

    Alexis Haas
    TR 8-9:20

    ReplyDelete
  13. It's incredible how the human mind works. I thought it was interesting how the 9's vs 0's theory could be applied across several areas (sports, education and in the market place). It's funny how such a small difference in numbers can effect us in such a huge mental and,in the example of baseball, physical way. However, I have to agree with the overall idea this article presents because I am guilty of not buying something because of a minor difference in price or trying my hardest to find a way to raise an 89 to a 90 in my school work.

    Catherine McClendon
    T/Th 8am

    ReplyDelete
  14. This comment has been removed by a blog administrator.

    ReplyDelete
  15. Shannon Lutz MWF 2:00-2:50

    I'm not totally surprised that so many players strive to reach .300 batting averages over .299. Although it means a mere .001 difference, there is much more behind the number. Batting .300 is considered good, but a number in the .200's is not something to brag about, so that little .001 is a big deal. I found the comparison to stores selling items at $2.99 rather than $3.00 interesting because it's the number up front that people pay attention to, just like in batting averages.

    ReplyDelete

Note: Only a member of this blog may post a comment.

Followers