Topic: healthcare

10 Businesses That Used Flawed Logic And Changed Their Industries Forever

10 Businesses That Used Flawed Logic And Changed Their Industries Forever

In the new film Moneyball, released nationwide today, Brad Pitt plays ,Billy Beane, the General Manager of the Oakland Athletics who broke ground when he used engineered statistics to remain competitive in the majors while working with an inferior payroll. The basic premise is that so-called baseball experts had long been using statistics that weren’t actually all that valuable in measuring the success of players, and even more so in scouting young prospects.

The New York Times bestseller by Michael Lewis that the film is based on, got lots of people who weren’t even interested in baseball interested in the Moneyball concept. People began applying the model to other fields, from other pro sports to financial markets and beyond. Let’s look at some other businesses that used what was considered to be flawed logic or at least some very unique logic and changed the way we look at certain industries forever. More »