Billy Beane, general manager of Major League Baseball’s Oakland Athletics and the subject of the best-selling book and Academy Award-nominated film Moneyball, mentioned actuaries no less than 7 times in his short interview with Risk Management Magazine earlier this month.
He views the process he used to make baseball decisions as equivalent to the actuarial process:
“…when we used sabermetrics. It was essentially looking at a baseball team like an actuary would…”
“And what I mean by that is that an actuary will probably be a better advisor as to whether you should sign a player or not sign a player based on the information they have…”
We at HB Actuarial Services have long known that the actuarial process has value in all data intensive business decision making. Be like Billy Beane and give us a call at (561) 279-2323 to discuss your unique business issues today.
Also – We agree that the casting of Brad Pitt as Billy Beane was perfect.