Bookmark and Share
Faculty & Staff Focus, General Information, Media Advisory

LSU’s Don Chance Quoted in New Book about Joe DiMaggio

10/04/2011 01:58 PM

BATON ROUGE – Don Chance, James C. Flores Endowed Chair of MBA Studies and a professor in the LSU Department of Finance, was recently quoted in the book “56: Joe DiMaggio and the Last Magic Number in Sports.”

 

In the book, author Kostya Kennedy, writer for Sports Illustrated, uses a study Chance conducted to research the likelihood of a baseball player having a 56-game hitting streak. Chance’s study appeared in the statistical journal, Chance, in a 2009 article titled, “What are the Odds? Another Look at DiMaggio’s Streak.”

 

Chance employed the modified Bayesian model to find the most likely player to have had such a streak was Ty Cobb (1-in-204), followed by Ed Delahanty (1-in-263) and then Willie Keeler (1-in-337). The chance of DiMaggio having such a streak in his career was 1-in-3,394.  

 

Chance found that the key factors include opportunities through a combination of a long career, batting high in the order and minimal walks. Over the history of baseball, the likelihood that a 56-game streak would be achieved by anyone was estimated at 1-in-6 and only 1-in-16, if starting from the beginning of the 20th century.

 

The Department of Finance at LSU’s E. J. Ourso College of Business offers high quality programs for undergraduate and graduate students interested in careers in corporate finance, asset management, real estate, insurance, banking, financial planning and business law. Aiming to create exciting educational opportunities for its students, the department employs tools such as the Securities Markets Analysis Research and Trading, or SMART, Lab. This 44-station simulated interactive trading floor enables students to gain practical experience in the fast-paced world of securities analysis, research and trading. Additionally, the Department of Finance encourages, supports and conducts research in real estate by housing the nationally renowned Real Estate Research Institute. For more information, visit www.bus.lsu.edu/finance, call 225-578-6291, or email finance@lsu.edu.

E. J. Ourso College of Business
225-578-8865