Cade Massey
Appearances
Planet Money
How sports gambling blew up
Rufus wants to do a thesis on, if I remember correctly, behavioral biases and the baseball betting market. He's who Rufus found.
Planet Money
How sports gambling blew up
Was it interesting? Oh, yeah, absolutely. I mean, what's not interesting about trying to find psychological mistakes that people make with, like, you know, hundreds of thousands of observations of real money being bet? And he found mistakes. I mean, he was finding profitable strategies right off the bat.
Planet Money
How sports gambling blew up
And he would then post our picks of the week. We're just posting them because we were working with the Wall Street Journal. So post them on Tuesday or Wednesday, and then he would watch as the prices started moving on his screen. Oh, my God.
Planet Money
How sports gambling blew up
Because the market figured out that their picks were that good. Within a year or so, we quit posting college picks because it was getting too much in the way of what he was trying to do.