Draft picks, Economics and Fantasy Sports

According to this economist I have it correct when it comes to our fantasy sports drafts: I always hope I get a mid-draft position of 5-7 (out of 14) rather than one of the top 3 slots, or get stuck down the bottom. While we don't have to pay for the players we draft with dollars, we use a serpentine draft system so that the player picking 14th in round one picks first in round 2, etc. So that first or second pick in the draft really costs you in the second round. And by the time we're in the middle rounds of the draft and the player pool is thinning at certain positions it hurts even more. As for his comments about CEO's -- we all know what it's like to work for a prima donna boss!