“Moneyball” tells the story of a baseball
franchise manager who places his faith in the statistical models developed by a
recent economics graduate to recruit undervalued (i.e., cheap) players. They
then, despite their coach’s doubts, go on to score the longest winning streak
in baseball history against much more expensive opponents. My first thought on
watching the movie was: “Isn't the timing here a bit awkward – why tell such an
inspiring tale about the power of number crunching after blind faith in
mathematical modeling helped almost destroy the global economy and Western
civilization?"