ECO204Y5 Lecture Notes - Drew Brees, List Of Entertaining Comics Publications
Document Summary
Application of the equal margin principle: fantasy football auction draft. Each participant is a manager, belongs to a league: 12 teams. Each manager owns and manages a fictitious team, made up of real football players: fantasy team, managers will own players from different nfl teams. Only rule: each football player can only belong to one manager. Objective: to pick a team of star football players that will help you win in each week"s match-up. Everyone has to bid on players: no one spends real money hypothetical auction, no benefit from having leftover money. Expectation: willingness to bid more money on players who have a good track record or potential to bring you more points. How much to bid: yahoo forecasts the number of points earned by each player in the entire season, use own knowledge, stats to value individual player, gauge how much to spend on each player. Difficult to find appropriate examples, requires knowledge of:
