Imagine that my grandmother hires a financial expert who invests in a small startup company and my grandmother makes a fortune. Is she a “skilled” investor? Is her financial advisor a skilled investor or did he get lucky? (How do we measure this?) By “investing” in a skilled investor, does this make my grandmother equally skilled? (How do we measure this?)
This is a good analogy, actually. The takeaway from this is not that your grandmother is a skilled investor. More importantly, the takeaway is not that investing does not take skill. The takeaway is that the expert to whom she outsourced her investment decisions is skilled, and she piggybacked off of that skill. Likewise, the fact that some schlub off the street can win in fantasy does not prove that he is skilled at fantasy, nor does it prove that fantasy does not require skill. Rather, it simply means that he is able, thanks to the Internet, to outsource his fantasy decisions to someone else far more skilled than he.
This thread is moving too fast for me to digest. I'm still attempting to respond to posts from at least two or three days ago and I have not read any of page 9 or page 10 yet. This may have to be my last word on the subject.
You were initially responding to someone who said that making the playoffs was 70-80% skill, winning was 40-45%. You suggested that the numbers were half of that. OK, fine, let's hear your definition; what does it mean for fantasy football to be 35% skill?
Ah, sorry about that. I quoted that earlier post but I just don't think about luck in those terms. You want me to quantify the amount of luck involved in fantasy football. Fair enough, but before I might even attempt to do that I would need to reiterate that I believe success in fantasy football is predicated upon
three major factors: skill, effort, and luck. If you wish to combine skill and effort as one thing, that's perfectly valid and fine with me. But if I say that success in fantasy football is "about 60% non-luck," it is most certainly not the same thing (to me anyway) as saying that it is about 60% skill. In terms of addressing this, I think we can come back to your "randomly selected" criterion. But we would not be just drawing names out of a hat; that would introduce an unrealistic (and unhelpful, for these purposes) level of randomness. Instead, let's talk about a team that is auto-selected. Take the most brilliant fantasy football prognosticator walking the planet and match him up against my grandmother's lineup which was auto-selected during the draft.
For Week 1 only, I am saying that my grandmother's team has a 50% chance of defeating the expert's team. In fact, I believe that if my grandmother plays against the expert 100,000 times (in Week 1 only), she will win very close to 50,000 games. The expert will not enjoy a 70-30 advantage; it won't be 60-40; it won't be 55-45; and it won't even be 51-49. The difference will be no greater than chance.As the season moves forward and attrition sets in, and assuming that my grandmother follows the advice of FBG (with perhaps the exception of FAAB values

), we would likely see a change in this 50-50 split. But here is yet another example where I imagine that you and I differ: I imagine that the split would eventually grow by Week 16 to, at most, 52-48. And even that seems overly generous to me.
A little further down in this thread (as quoted above), SSOG intelligently points out that the
overall skill involved in this hypothetical scenario that I have described remains unchanged; my grandmother has simply "outsourced" the skill component. This is an excellent point. (But I question whether we are actually outsourcing "skill" or simply aggregating perception. My grandmother isn't purchasing a skill; she is purchasing a diversification of perspectives. But more on that in a moment.) I certainly think that we are all overestimating and overvaluing the "expertise" involved in the forecasting of complex future events. And the more I think about this (thanks to this thread), the more ridiculous I think the veneration we give to forecasters has become. At the root of this is an evolutionarily-driven need to make predictions about our future in order to increase our odds for survival. And this very real need begets some pretty absurd practices – the most absurd of which might be our delusional efforts at control. Mythology and superstition are born from this need for control of events entirely beyond our control. We deify anyone who demonstrates – in the short term because nobody and I mean nobody can do it in the long term – an ability to predict future events.
Humans are endlessly forecasting and endlessly categorizing. It's what we do. Possessing an ability to predict future events and an ability to differentiate between characteristics held by another organism (such as the level of "skill" someone else possesses) are excellent survival tools. But complex events are not simply an aggregate of many simple events. We can predict the future when the pool cue strikes the ball; we cannot predict the future when events become increasingly complex. We exaggerate the ability of forecasters because we very much want to believe in the myth. We repeat pithy little vomit-inducing gems such as "luck is the residue of design" (the real world equivalent of "my thoughts create my reality") because it gives us the illusion of control while simultaneously reaffirming the same egocentric perspective that manifests as the attribution bias.
So Warren Buffett is hailed as "the Oracle from Omaha." And you imagine that – in relative terms – the gap that exists between Warren Buffett's ability to predict future events and my ability to predict future events is as vast as the gap that exists between Calvin Johnson's ability to catch a football and my ability to catch a football. And what I'm saying is this: neither in absolute terms nor in relative terms are these two gaps ANYWHERE NEAR comparable.
One may hold the opinion that people can forecast complex multiparty events about which they have no specific foreknowledge (e.g., confidential intentions of key participants) and that this is a skill that can be developed. So stipulated. I say that someone can string together a few well-timed "heads" or "tails" and then leverage those correct calls in ways moving forward that allow for continued success, under significantly more favorable conditions, that has very little to do with that same individual making more correct calls (or at least not more correct calls made from the same position of ignorance as the original calls). So be it. I use the stock analyst analogy because, as has been pointed out repeatedly by people much smarter than myself, (
here, for just one example) stock experts are notoriously awful at predicting the future and are easily outperformed by index funds tied to a stock index rather than the analysis of individual "experts." (But some of us are aware of this fact and choose to gamble on the jackpot rather than the safe play.) In fantasy football terms, I am rejecting the Malcolm Gladwell point of view and asserting that a non-complex algorithm applied
without variation will statistically outperform the human intuition of experts and the reason for this is that the domain in question is
inherently unpredictable.
I don't want this to become a referendum on whether stock experts are legitimate or not. Believe what you want to believe. Nor do I want this to become a referendum about how foolish I am for "not believing in" forecasting. I acknowledge my foolishness and am quite prepared to live with it. I've never been a fan of comic books or religion but I obviously recognize that stories about superheroes and gods hold widespread appeal. I'd just rather we stop looking
up for answers.
We vastly overestimate the abilities of forecasters. And we do this because we need to convince ourselves that if we develop certain skills we too can predict future outcomes. This is not to say that Warren Buffett and David Dodds do not possess skills superior to mine. They do. (But forecasting future events is not one of them.)
There are no oracles. Wait long enough (collect a large enough sample size) and when it comes to predicting complex events of the future, we are all at 50%. (And I apologize for making an unfalsifiable assertion. But there you go.) The course of human history is littered with the catastrophically incorrect forecasts of experts.
Let me shift gears here for a minute and maybe we can come back to this. Here's another hypothetical I want to think about. Imagine that there is a website that compiles and measures the forecasting abilities of 100 fantasy football experts. (Fantasypros for example.) Now imagine that there is a website that compiles the forecasts of 12,000 football fans. Here's what I'm saying: I would wager that the forecasts of the 12,000 football fans would prove to be slightly more accurate than the forecasts of the experts. And the reason that I believe this would be true is not because the non-experts are superior to the experts, but instead because, in this scenario, the non-experts far outnumber the experts. Call it a preference for the wisdom of crowds or a deep love for the
demos or an affinity for diversification, but I believe more in the perspectives of the many (skilled or unskilled) than I do in the perspectives of the few (skilled or unskilled). In fact, I believe that openness to a diversity of perspectives is exactly what leads to my fantasy football success.
I believe that you and posters like you are more responsible for my success at fantasy football than any experts and any skill that I possess. I've been playing this game for 20 years and I used to believe that I possessed a skill that others possibly did not possess. I no longer believe that. My ability at evaluating talent is no better than a coin toss. I am wrong as often as I am right. What separates me, possibly, is that I am a tireless worker. I don't work
harder than other people; I just refuse to quit or slow down. This isn't false modesty: I am not a shark. I am just a guppy who keeps his ears open and who keeps his mind open to alternative perspectives. I compile perspectives and play the mean. It's not a skill; it's just a really joyful effort.
So if forecasting is a comforting illusion, how can the wisdom of crowds be slightly superior to the wisdom of experts? More data points. Perspectives about events already witnessed are not quite the same as predictions about future events. The crowds cannot predict the future any better than the experts but the larger the sample size the less tainted it becomes by biases and outliers. In short, the crowds are not more accurate; the experts – due to fewer data points – simply appear to be less accurate. Get 12,000 experts together and the difference is nullified.
For those of you who possess the ability to accurately assess football talent, I hope that your skill helps you when it comes to fantasy football. I imagine that it must. But I'm unconvinced that your skill affords you anything more than a negligible advantage. In a perverse way, my inability to accurately assess talent might actually improve my odds when competing against someone who correctly believes and someone else who incorrectly believes that they possess the ability to evaluate talent. Because I make no attachment to sunk costs, I move on from a misfire without compunction. (Which is not to suggest that I give up more quickly. It just means that I don't take it personally or dwell in regret.) I attack the waiver wire tenaciously yet judiciously – aggressively yet patiently. I just keep churning and churning. In the end, I think that fantasy football is like herding cats: yes there is (or can be) some very real skill involved and some luck but mostly it is just a task that requires persistence. Addressing the OP, I reject the statement that "fantasy football takes no skill" but I heartily endorse the statement that those of us who possess very little skill can win at fantasy football consistently and repeatedly.
The supercomputer that plays chess does not possess more skill than the Grand Master; but it does possess more information. You might say that I or someone like me is good at fantasy football because we know how to compile information
and we know what to do with it. But I think what I'm saying is that I don't do anything with it. I just collect perspectives and play the average. When I do make decisions from the gut, they inevitably turn out to be correct almost exactly 50% of the time.