Who Should Sign a Professional Baseball Contract? Quantifying the Financial Opportunity Costs of Major League Draftees
JOURNAL OF SPORTS ECONOMICS
Authors: Pifer, N. David; McLeod, Christopher M.; Travis, William J.; Castleberry, Colten R.
Abstract
Players selected in the annual Major League Baseball First-Year Player Draft have a choice of whether to enter the system or pursue a career outside of professional baseball. As with any choice, there are opportunity costs associated with their decision. The purpose of this study was to analyze those opportunity costs by comparing draftees' expected, non-signing-bonus income to the income of standard laborers. We estimated expected income over the first six seasons of players' careers by combining minor and major league salary data with the probabilities obtained from C5.0 classification models that were applied to a large set of player-related data. Unlike traditional classification methods that produce the probabilities for landing in one of two classes, C5.0 classification models are able to produce the simultaneous probabilities of a player landing in several different classes, or out of professional baseball, in each season. The results show that, all else equal, college fielders drafted in the first 89-90 picks and college pitchers drafted in the first 32 picks (college graduates) or 171 picks (some college) should sign contracts. Pitchers drafted out of high school should sign contracts if they are picked in the first 78 picks, as should fielders selected in the top 118 picks. Beyond these ranges, signing bonuses or higher levels of performance are needed to limit the opportunity costs of pursuing professional baseball. Such findings are relevant to draftees making contract decisions and baseball stakeholders dealing with recent calls for improved wages and labor conditions in the minors.
A Neurophysiological Study of Musical Pitch Identification in Mandarin-Speaking Cochlear Implant Users
NEURAL PLASTICITY
Authors: Cai, Jieqing; Liu, Yimeng; Yao, Minyun; Xu, Muqing; Zhang, Hongzheng
Abstract
Music perception in cochlear implant (CI) users is far from satisfactory, not only because of the technological limitations of current CI devices but also due to the neurophysiological alterations that generally accompany deafness. Early behavioral studies revealed that similar mechanisms underlie musical and lexical pitch perception in CI-based electric hearing. Although neurophysiological studies of the musical pitch perception of English-speaking CI users are actively ongoing, little such research has been conducted with Mandarin-speaking CI users; as Mandarin is a tonal language, these individuals require pitch information to understand speech. The aim of this work was to study the neurophysiological mechanisms accounting for the musical pitch identification abilities of Mandarin-speaking CI users and normal-hearing (NH) listeners. Behavioral and mismatch negativity (MMN) data were analyzed to examine musical pitch processing performance. Moreover, neurophysiological results from CI users with good and bad pitch discrimination performance (according to the just-noticeable differences (JND) and pitch-direction discrimination (PDD) tasks) were compared to identify cortical responses associated with musical pitch perception differences. The MMN experiment was conducted using a passive oddball paradigm, with musical tone C4 (262 Hz) presented as the standard and tones D4 (294 Hz), E4 (330 Hz), G#4 (415 Hz), and C5 (523 Hz) presented as deviants. CI users demonstrated worse musical pitch discrimination ability than did NH listeners, as reflected by larger JND and PDD thresholds for pitch identification, and significantly increased latencies and reduced amplitudes in MMN responses. Good CI performers had better MMN results than did bad performers. Consistent with findings for English-speaking CI users, the results of this work suggest that MMN is a viable marker of cortical pitch perception in Mandarin-speaking CI users.