1/21/2010

Win Shares

Alex Remmington has been writing a series of posts about certain "new" stats over at Big League Stew. Today, he tackles Win Shares.

What Win Shares Means: Win Shares was first advanced in a book of the same name that Bill James wrote in 2002. It's an extension of an older stat of his called Runs Created that tries to measure the number of runs that a hitter has put on a scoreboard. (The earliest version of Runs Created was simply the product of OPS x Total Bases. Recent versions take many more offensive outcomes into consideration, including baserunning.)

Win Shares attempts to measure how many wins a hitter or pitcher has personally notched for his team in the standings. Unlike other new-school stats, Win Shares look quite explicitly at the standings: A 90-win team has more Win Shares to allocate than an 80-win team.

Win Shares are defined as 1/3 of a win — three Win Shares are equal to one team win. Why three? Well, the number is arbitrary. Since Win Shares are only whole integer values, James wanted to pick a number that was neither too small, so as not to lose a great deal of information in rounding, nor too big, because the estimators in Win Shares weren't precise enough to differentiate between 1/10 of a win and 2/10 of a win.

Much more at the post to help expand your mind.

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