The Math PhD Turning Basketball Into a Science

In this video Bloomberg (renowned source for news on various topics related to economics and business) introduces futuristic job sports data scientist. Actually this job is not as futuristic as there are some people who already do it. In this video Ivana Seric (PhD in Math and ex-basketball player) describes what she does everyday to help Philadelphia 76ers to gain edge against their oponents in the NBA.

Talent vs Luck model

During summer we have promised to talk about impact of talent and luck on the individual success. This is the first post in the series, which will introduce you to a rather abstract model, which links all these three concepts. Admittedly, the model is really general and thus detached from actual economic or social realities. Therefore this model is not suitable for any policy making, but is perfect for a general discussion on the topic.

Talent vs Luck model was introduced by a group of Italian researchers in [1].