The Risks of Trading Lemons and Cherries

Evan Longoria, Tampa Bay Rays 3B

Back when I was writing for The Hardball Times many moons ago I wrote an article on trading and the risks inherent in the differing knowledge between trading partners. With the proliferation of fantasy statistics across the spectrum of fantasy sports, and doubly so in fantasy baseball, I wanted to revisit the idea presented.

Let’s start with this proposition from economic theory: suppose in