Like stocks from particular industries - players are chosen from teams that are performing at the moment as the probability of the player scoring increases with a winning team.
Similarly there is a budget limit - better players who score more often are more expensive. Thus is there a need to balance your team (or portfolio) with relatively cheaper solid performers (blue chip stocks) as well as relatively more expensive but also more risky "star players" (growth stocks).
Similarly in most fantasy leagues, a players performance allows his price to fluctuate (capital growth) and so does the value of your team or portfolio, depending on how consistent the player is each week will define his 'Beta'.
Finally there is a range of statistics to allow one to research players - tries this season, tackles made, assists, points kicked etc. This is the same as researching stocks, their beta, the companies financials, the industry growth and various other tecnical analysis techniques.
One correlation that does not exist is the effect of money - when one is trading, money has a psychological effect on people that makes the human race act irrationally!
The similarities end there - the only money to loose in fantasy rugby is in fact pride - and mayb a little side bet.
The Young Economist
Awesome Justin! A really good analogy and really good for future jobs when people research you on the net. You could use it for some sort of Thesis later on in life :)
ReplyDeleteDo stocks have dodgey people who 'match-fix'?
And maybe another huge difference is the impact of reality - people are scared to takes risks in reality but living out a fantasy changes the dynamics completely.
Hmmm, the effect of money, well, that translated means the effect of success which both rugby and stocks have. The greed of winning and succeeding.