Please join us for an Economics Department Research Seminar Series event:

Friday, April 14th, 2023

Department of Economics

Presenter: Alex Olbrecht - Ramapo College of New Jersey

Title: "When Sports Reporting at The Brown and White Meets Econometrics: Using Data to Predict the Busts and Future Hall of Famers in the 2023 NFL Quarterback Class"

Time: 3:10 - 4:30 PM EST

Location: RBC 271 

Abstract: In our series of papers, we show that firms can employ data-driven methods to improve their hiring decisions. Specifically, we use data available to National Football League (NFL) teams prior to the NFL draft to estimate econometric models that predict the future performance of drafted quarterbacks. As our methods are replicable, stakeholders can use them to improve the draft's efficiency and help it accomplish its mission to promote competitive balance. Furthermore, data-driven methods such as ours can help firms avoid biases against employee characteristics that do not affect future job performance.