The Game Theory of Bazball

The term has its own Wikipedia article now!

Bazball is an informal cricketing term coined during the 2022 English cricket season. Bazball commonly refers to the style of play of the England national cricket team after the appointments of Brendon McCullum as Test cricket head coach, and Ben Stokes as England Test cricket captain, by English cricket managing director Rob Key, in May 2022. The Bazball style and mindset is said to have an emphasis on taking positive decisions in attack and defence, whether batting or in the field.

The article is worth reading in full, especially if you are a fan of cricket. But how does one think about Bazball if one is both a fan of cricket and of game theory?

  1. First, you can have fun defining what Bazball is, but what it has brought to the table where England is concerned is not up for debate. 10 wins out of 11 since the era has started, a victory in Pakistan that is still hard to believe, and the second fastest declaration in history – and there’s a lot many more records to look up apart from these. Whatever it is, it is working – so far.
  2. One way to think about Bazball is to argue that it is the same style of play that has worked so well for England in the case of limited overs cricket. So why not bring the same fearless approach into test cricket too? And on the basis of the evidence thus far, why not indeed?
  3. You could argue that Brendon McCullum is in effect hastening what would have been an inevitable process in the medium/long term. Is it safe to say that Cheteshwar Pujara is the last of his breed when it comes to Indian batsmen? Will all test playing nations have batsmen who are more naturally aggressive in five to ten years time? If yes, England just got there sooner under Stokes and McCullum.
  4. So the other teams must play catch-up, correct? They must respond by utilizing the same no-fear-no-holds-barred approach. Bazball, in other words, but the amped-up version. Beat ’em by getting better than ’em at their own game. That’d be one option, sure…
  5. But there were two ways to out-Pep Pep at the start of the previous decade. I’m talking football now, but you could either try and get even better at possession based football than the OG’s, or you could go the Mourinho route. Think about the Barcelona Inter Milan semis, for example. Similarly, you could try and out-Baz Bazball, or you could go in the opposite direction and play ultra defensively.
  6. If you want to go the out-Baz Bazball route, it’ll be great for the spectators, and one will get to see high-octane series with a lot of risks being taken by both teams. But there will be teams that will lose a game too many by adopting the extremely risky route, and such teams might adapt by toning down their level of risk tolerance. You’ll see risk-taking approaches go through cycles before hitting upon some sort of an equilibrium.
  7. If you want to go the conservative route instead, you might push teams that go down the Bazball route taken even more risks in response. This may work, in which case these teams will be even more incentivized to go further down the high-risk path. Or it may not, in which case these teams may tone down down their gung-ho approach a bit. But again, you’ll see risk-taking approaches go through cycles.
  8. Football has gone through many such cycles in its past, and this is a great book to read in this regard.
  9. As a fan of cricket, and as a student of game theory, it will be fascinating to see how this plays out in cricket, especially in the context of shortening attention-spans, the increasing popularity of T20 leagues, and the preferences of players to play ‘T20 style’.
  10. Get game theory out of the classroom, and into whatever fields you like to think about. Sports is just one example. But a subject like game theory comes alive when it helps you understand real-life situations better. And as a cricket fan, I can think of very few examples better than analyzing Bazball and its game theoretic implications!

An Econ-Resource Rich Twitter Thread

Knock yourself out:

A Rare Ol’ Treasure Trove

After yesterday’s post, I asked some folks for their choice of textbooks that undergraduate students should definitely be reading before getting their BSc/BA degree in economics. And what a list we have, already!

If you are an undergraduate student, please bookmark this post, and keep coming back to it when you want book recommendations. And I would argue that even if you are not an undergrad student of economics, you might still want to keep checking on this post, because I will be updating it regularly.

In what follows, I have not mentioned who has recommended what. That’s simply because I’m writing this post out on the fly, and haven’t had time to format it, add hyperlinks or even figure out how I want to tabulate this data. More than one person has recommended some of the books on the list too, and that’s an additional complicating factor. Note that not all of them are textbooks, and some aren’t even books (they’re essays), but hey, when it comes to reading, there’s no bureaucratic stuffiness in these parts.

Folks who have read some of these books might wonder at the very broad political and economic ideology spectrum over here, but surely this is a plus and not a minus. As an undergrad student, read far and wide, and figure out over time what resonates and what does not (and why).

Finally, to everybody who took time out of their busy schedules to reply, thank you very much!

Here is this most magnificent list, in no order whatsoever:

  1. On the Wealth of Nations, by Adam Smith
  2. That Which We See and That Which We Do Not See, by Frederic Bastiat
  3. (Bonus points if you saw this coming) Economics in One Lesson, by Hazlitt
  4. Micro Motives and Macro Behavior, by Schelling
  5. Free to Choose, by Milton Friedman
  6. Both the Freakonomics books, by Levitt and Dubner
  7. Road to Serfdom, by Hayek
  8. Modern Principles of Economics, by Cowen and Tabbarok
  9. Public Finance and Public Policy, by Jonathan Gruber
  10. Economic Growth, by David Weil
  11. The Effect: An Introduction to Research Design and Causality, Nick Huntington Smith
  12. Economics Rules, by Dani Rodrik
  13. An Uncertain Glory, by Amartya Sen
  14. Everybody Loves a Good Drought, by P Sainath
  15. In The Service of the Republic, by Vijay Kelkar and Ajay Shah
  16. Of Counsel: The Challenges of the Modi-Jaitley Economy, by Arvind Subramanian
  17. In Spite of the Gods, by Edward Luce
  18. The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy, by Thomas Sowell
  19. The Meaning of it All, by Richard Feynman
  20. Delhi Rape: How India’s Other Half Lives
  21. Principles of Economics, by Mankiw
  22. Intermediate Microeconomics, by Hal Varian
  23. Macroeconomics, by Dornbusch Fischer and Startz
  24. International Economics, by Dominic Salvatore
  25. Introduction to Econometrics, by Woolridge
  26. Complete Business Statistics, by Aczel and Sounderpandian
  27. Using Econometrics: A Practical Guide, by Studentmund
  28. Introduction to Economics, by Richard Leftwich
  29. Theory of Econometrics, by Koutsoyiannis
  30. Principles of Economics, by Koutsoyiannis
  31. The Worldly Philosophers, by Heilbronner
  32. Macroeconomics, by Alex Thomas
  33. Economic History of India, by Tirthankar Roy
  34. India After Gandhi, by Ramchandra Guha
  35. Macroeconomics, by Snowdon and Vane
  36. Causal Inference Mixtape, by Scott Cunningham
  37. International Economics, by Paul Krugman
  38. Capital, Vol. 1, by Karl Marx
  39. Classical Political Economy and the Rise to Dominance of Supply and Demand Theories, by Krishna Bharadwaj
  40. Three Essays on the State of Economic Science, Koopmans
  41. Universal/University Economics by Alchian and Allen
  42. Introduction to Econometrics, by Cristopher Dougherty
  43. Studies in Indian Public Finance, by M. Govinda Rao