Jason Winfree - NYU Stern School of Business
Jason Winfree - NYU Stern School of Business
Jason Winfree - NYU Stern School of Business
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Model<br />
• We estimate the lifetime earnings <strong>of</strong> the<br />
players<br />
EXPECTED EARNINGS =<br />
+<br />
t<br />
∫<br />
t<br />
2<br />
1<br />
MLBSL<br />
e<br />
−rt<br />
dt<br />
+<br />
t<br />
3<br />
∫<br />
t<br />
2<br />
BNS<br />
NBSL<br />
e<br />
−rt<br />
e<br />
C<br />
β t<br />
C<br />
+<br />
C+<br />
t<br />
1<br />
∫<br />
t<br />
C<br />
β<br />
MLSL<br />
W 1<br />
−rt<br />
( t−t<br />
) + β ( t−t<br />
)<br />
2<br />
e<br />
W 2<br />
dt<br />
2<br />
2<br />
−rt<br />
dt
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