“The Calls That Replay Won’t Fix,” Wall Street Journal, September 18, 2013 D6 http://on.wsj.com/16o7nlr
Assuming that on average that an umpire’s call of a ball or a strike is wrong 8% of the time, could technology provide a more accurate result? Would that spoil or improve the game?
Does this go to the opinion = information point? And the opinion is worth more than the information?
Are there other times where perfect information isn’t worth it, even if the price is the same or lower? Do we admit that sometimes there’s a higher value of less-than-perfect information? When?