“Last-Ups” Advantage in Baseball: An Example of Biases and Persistent Beliefs.

By Prof. Ted Turocy

In the World Baseball Classic currently underway, Major League Baseball is testing out a rule change designed to resolve tied games more rapidly. When a game goes into the eleventh inning (the second extra inning), each team will begin their turn at bat with runners already on first and second bases. For readers not familiar with baseball, this will make scoring easier, and therefore ties should be broken more quickly.  This rule has been used in international baseball for a few years (and amateur players may have encountered a version of it in local baseball and softball leagues as well).

Ted Turocy - Baseball 1

Prof. Ted Turocy – Behavioural Economist and Baseballer

Continue reading


Meet the Lecturers: Steve Davies

Davies, Steve

Steve Davies, pensive as usual!

Can you tell us a little bit about your background and main interests in economics?

I am an industrial economist who specialises in competition policy. So I’m mainly an applied micro economist but to be honest I’m interested in nearly all areas of economics. I have been a Professor at UEA now for more than a quarter of a century, and during that time have seen us move up the national and international league table. It’s fair to say that we really are one of the leading Economics departments in the UK and beyond. I’m proud of that achievement.

I have tried to devote my research and teaching to subjects that are directly relevant to the real world – particularly competition economics.  For most of this century I have been an adviser to the UK’s competition agencies, notably the Office of Fair Trading and the Competition and Markets Authority.  I have also had a similar advisory role to the OECD in Paris, and I have worked on many projects down the years for many of the world’s top agencies: the European Commission, the World Bank and the UN. I believe that these outside roles have provided me and my students with a direct line to policy and policymakers – this is important to me and often beneficial to their career prospects.

Continue reading