I should have known that any team that could have beaten my mighty Mets would go on to win the World Series, but I, like many of you, figured wrong by picking the Detroit Tigers to take the St. Louis Cardinals. Not that many people noticed, as it drew the lowest TV ratings of any World Series in history! Meanwhile, for those of you already eager to move on to the Hot Stove League, click below to read about how an actuary is thriving in major league baseball–which is almost as dependent on statistics as are those in the insurance industry.
***Posted by the Casualty Actuarial Society on Oct. 25:
New actuarial techniques such as data mining and predictive modeling are increasingly being used by Major League Baseball teams to help them gain a competitive edge on the field, according to John Dewan, an actuary who owns Baseball Info Solutions.
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