Last week, I mentioned that my paper with my PhD cohort Chris was accepted for the poster session at the MIT Sloan Sports Analytics Conference. I’ll give the summary and some pictures today (you can find the full paper on my academic website). The project looks at the age old subject of tanking for position in the NBA draft lottery. We answer two questions:
- Should teams tank for a better draft position?
- How much do teams actually tank?
For the first question, we head right to the lottery. We are interested in the causal effect of obtaining the top pick in the draft. If the first pick is truly valuable, then teams should be willing to lose intentionally to get it. LeBron James, Tim Duncan, and Shaquille O’Neal were all first picks, but so were Greg Oden and Michael Olowokandi. We want the average value of all the first picks since the draft lottery took its current form in 1990.
Since there is some randomness in who wins the lottery, Continue reading