Abstract Number:
2213
Submission Type:
Contributed Abstract
Contributed Abstract Type:
Paper
Participants:
Jared Fisher (1), Colin Montague (2)
Institutions:
(1) Brigham Young University, N/A, (2) Sacramento Kings, N/A
Co-Author:
First Author:
Presenting Author:
Abstract Text:
Many enthusiasts and experts publish forecasts of the order players are drafted into professional sports leagues, known as mock drafts. Using a novel dataset of mock drafts for the National Basketball Association (NBA), we analyze authors' mock draft accuracy over time and ask how we can reasonably use information from multiple authors. To measure how accurate mock drafts are, we assume that both mock drafts and the actual draft are ranked lists, and we propose that rank-biased distance (RBD) of Webber et al. (2010) is the appropriate error metric for mock draft accuracy. This is because RBD allows mock drafts to have a different length than the actual draft, accounts for players not appearing in both lists, and weights errors early in the draft more than errors later on. We validate that mock drafts, as expected, improve in accuracy over the course of a season, and that accuracy of the mock drafts produced right before their drafts is fairly stable across seasons. To be able to combine information from multiple mock drafts into a single consensus mock draft, we also propose a ranked-list combination method based on the ideas of ranked-choice voting.
Keywords:
Expert elicitation|Rank-biased overlap|Borda count|Ranked-choice voting|Instant-runoff voting|Rank aggregation
Sponsors:
Section on Statistics in Sports
Tracks:
Miscellaneous
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