What Do Banks, VR & the Mars Rover Have in Common?Jun 15, 2018
Virtual reality is popping up in almost every industry, doing the once unimaginable. How did it grow from the stuff of Sci-Fi into a real world revolution?
What does the collapse of a once healthy market for top sports talent say about how data analytics is transforming free markets everywhere?
For the past 40 years, Major League Baseball’s off-season has been dominated by a frenzied bidding war to sign available free-agents. But this year, everything changed—the free-agent market froze. For months, almost none of the 200 free agents were signed. So what happened? And what does the market shift mean for the future of America’s pastime?
This season of the Ideas Podcast, we’ve been exploring unexpected markets. In this episode, we’ll look at what happens when a seemingly healthy market unexpectedly collapses. We talk to Ben Reiter, a journalist at Sports Illustrated who made a crazy prediction in 2014—that the Houston Astros, the then-worst team in baseball, would win the 2017 World Series. That Ben’s call came true wasn’t just a fluke—but reflected how teams now approach hiring players, particularly free agents. Then, J.C. Bradbury, a professor at Kennesaw State University in Georgia, takes us deep into the economics of baseball to explain why it has become suddenly good business to field a losing team. And Lou Pirenc, the Global Head of Research Data at Morgan Stanley, tells us about how baseball’s longstanding obsession with player statistics, and more recent expansion of data analysis into every aspect of the game as a business, has enthusiastic adherents and practitioners in every corner of the global market.
For more, visit https://morganstanley.com/podcast
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The host Ashley Milne-Tyte is a contractor of Pineapple Street Media. The guest speakers are neither employees nor affiliated with Morgan Stanley Smith Barney LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.
? 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC. Members SIPC.