Measuring individual worker output in a complementary team setting: Does regularized adjusted plus minus isolate individual NBA player contributions?

Adjusted plus minus (APM) measures have redefined our understanding of player value in basketball and hockey, where both are team games featuring player productivity spillovers. APM measures use seasonal play-by-play data to estimate individual player contributions. If a team's overall score margin success is figuratively represented by a pie, APM measures are well-designed to slice the pie and attribute individual contributions accordingly. However, they do not account for the possibility that better players can increase the overall size of the pie and thus increase the size of the slice (overall APM value) for teammates. Herein, we use data from NBA player-season Real Plus Minus (RPM)-a leading APM measure-for all recorded player-seasons from 2013-19 and player lineup data to test whether RPM is related to teammate quality. We run sets of linear fixed effect regression models to explain variation in RPM across player-seasons. We also employ a two-stage least square (2-SLS) method for robustness check. Both empirical approaches address potential endogeneity in the relationship of interest. We find strong evidence that RPM is related to on-court teammate quality. Despite adjusting for teammate and opponent quality, RPM does not control for complementarity effects. As such, RPM is not suited for out-of-sample prediction.

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PID https://www.doi.org/10.1371/journal.pone.0237920
PID pmc:PMC7447047
PID pmid:32841258
URL http://dx.doi.org/10.1371/journal.pone.0237920
URL https://dx.plos.org/10.1371/journal.pone.0237920
URL https://doi.org/10.1371/journal.pone.0237920
URL https://doaj.org/toc/1932-6203
URL http://europepmc.org/articles/PMC7447047
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Access Right Open Access
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Author Ghimire, Shankar, 0000-0001-7664-9330
Author Ehrlich, Justin A.
Author Sanders, Shane D.
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Collected From PubMed Central; DOAJ-Articles; Crossref
Hosted By Europe PubMed Central; PLoS ONE
Journal PLOS ONE, 15, null
Publication Date 2020-08-25
Publisher Public Library of Science (PLoS)
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Resource Type Article
keyword Q
keyword R
keyword keywords.General Biochemistry, Genetics and Molecular Biology
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Source https://science-innovation-policy.openaire.eu/search/publication?articleId=dedup_wf_001::dbda10ac43067882ebecc6eef1a00332
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Last Updated 23 December 2020, 19:33 (CET)
Created 23 December 2020, 19:33 (CET)