Tuesday, December 14, 2010

Stumped !


Too much time on hand and too little work to do these days after getting placed ( and with the placement season in full swing) meant that I can do a little research on one of my favorite areas: "CRICKET". 

I have been trying to understand Duckworth-Lewis rules which were framed for this game in times yore. Though there is no information about the algorithm they used on the internet, I could find a paper submitted by Duckworth and lewies. I was curious to find the function used by them to calculate the percentage resources available at any point in the game.After some research I found that they used a non parametric asymptotic function in two variables, which has an exponential decaying constant.
 

Z(u;w) = Z0(w)[1 - exp{-b(w)u}].

 

This raised a lot of questions in my mind
1) why asymptotic function, when every match has fixed no of overs for a team , especially in One days where D/L method is used more frequently ?
2) How can the resources be considered to be same for every wicket! Common, a school kid in India also knows that Sehwag who opens is far more dangerous than an Ishant Sharma for sure while batting!
3) The table uses the above mentioned Function to fit the curve on data of all the cricket matches . But wouldn't it be more practical to plot the curve or fit it depending on the data of just that particular ground or based on the the matches played between those two participating teams instead of generic stats of all matches?


So I am thinking on those terms. As of now, I figured out tentatively that, Weightage has to be given to each player based on his previous record and then incorporate that probabilistic variable in the function to differentiate a Sehwag from Ishant sharma or a Petersen from Anderson.


The Function can actually be calculated real time by having the previous data of the teams on hand while the match is being played and various projective techniques can be fitted (which would then be dynamic) during the match using Excel tools like what if analysis or Solver.


The second Issue to be blogged on is Umpire referral system. I fail to understand why is all the fuss about the probability of Technology not identifying the unnoticeable things on the ground. The name ‘UDRS’ is clumsy, and the UDRS implementation has been just as clumsy.


UDRS for those who don't know is short for ‘Umpire Decision Review System’. This system allows the batting and fielding side the opportunity to challenge the decision of the on-field umpire. But there is a proviso: you cannot challenge after two failures! Why two? What is so sacred about two? The argument for limiting the failed challenges to two is that every decision would otherwise be challenged, and this would unnecessarily delay the game. It is also intended to appease on-field umpires who might ask: “what the hell am I doing out in the middle?” Restricting referrals to two is actually making things worse. For example, one of the two Indian referrals would perforce be reserved for Virender Sehwag if he is playing; and the second might be held back for Sachin Tendulkar. This is ridiculous. We have also seen situations where a blatant umpiring error could not be contested because both the referrals had been used up. Indeed, we also know of instances where a batsman has abused a referral: he knows that there is a faint nick, but he also knows that technology is unlikely to spot it! So instead of walking, he asks for a review.


Today’s avatar of the UDRS is essentially a compromise. We want to use technology, such as Hawkeye, Hot Spot, Snickometer and Super Slo-Mo, but we don’t want to offend the umpires. This can’t go on. We have to quickly choose one of the ‘umpires only’ or ‘technology only’ options.The latter is much more likely because cricket is, what mathematicians would call, a ‘discrete’ game: the game moves forward step by step, or ball by ball. Tennis is discrete too, as indeed is American football. Football, on the other hand, is ‘continuous’.If we reflect for a moment, we will realize that technology is easier to implement in discrete games than in continuous ones. The next ball in cricket can be delayed to confirm an lbw decision, but a football game cannot be halted to verify if a player was really offside or not!


That’s why the future is much more likely to be ‘full-blown’ UDRS. In this set-up, the best umpires are not in the playing field … they are seated next to technology-based outputs. Every appeal will be reviewed; every decision will be technology-driven. The umpires in the middle will essentially be lackeys: they will call ‘play’, count the six balls that make up the over, ensure good on-field behaviour, signals boundaries or dismissals (after hearing from the chief umpire indoors), peer at light meters, hold the bowler’s cap and, if they feel like Billy Bowden, do a little jig to amuse the crowds. But they would still be required to call no balls (because that’s a real time decision).

The ICC tells us that the best umpires get 93% of their decisions right, while UDRS-assisted decisions are 97% right. These statistics try to impress, but ignore that one of the 7% wrong decisions could completely change the course of the match. A better way to estimate performance is to ask how little did the umpire’s performance affect the eventual result of the match … and it is here that UDRS will perform much more impressively.

The trouble with ICC is that it is fearful of technology. A decade and more ago, ICC asked Duckworth-Lewis (D/L) to come up with rain rules that could be computed on the back of an envelope, because they feared that a ground in some corner of Bulawayo might not have access to a computer. This meant poorer targets not because the D/L model was deficient but because ICC’s mindset was flawed. Today, ICC has similar fears about UDRS technology and its costs. But they will eventually discover that full-blown UDRS is indeed the way to go. I am in for UDRS, join the brigade if you are with me.

Thursday, September 30, 2010

Ayodya Verdict Crux

Verdict Crux                                                            

Friday, September 17, 2010

MBA - The flip side


 As a professor professes, Marketing is not general knowledge for sure, but I still don't agree that its specific knowledge, Its more of common sense + sensitive thinking + intuition.
95% of what we learn in MBA is not seen/implemented in the market.
People lack the flexibility to mend and adopt the models learnt in college.
Industry is projected as a battle field before joining, but I feel it is a game with lots of breaks in between, the one who takes a longer break always looses.
MBA is learning a lot less in lot more ( time/money )
There are not more than 11 subjects an MBA seriously needs to learn to get in to business.
Having a prior work experience definitely helps. I really mean it.
Diversity of back grounds in class is a hyped phenomenon, many a times it wastes time of many who already knew certain topics. Benefits are picayune.
Indian MBA colleges, lack quality "FACULTY", I know I am making a huge proposition here! My college also has only 10% geniuses, 40% Good, 20% average and 20% bad and 10% worst faculty on board. The top 10% only command respect.
Very few doubts are clarified in the class, the veneer of belief only becomes clear after "research"
In MBA, copying from one source is called plagiarism but copying from many is research. One needs research most of the times, in presentations, assignments, case studies etc.
Only 50% of what we learn in MBA is useful, I wonder which.
As a professor, first thee should brand self.
MBA helps understand reading a pink paper better. MBA is a Jargon dictionary.
MBA also teaches you how to knot a tie :)
MBA without Internet can't be thought of! Present generation wonders how they did MBA when there was no internet.
Half of the case studies solved during MBA, can be solved even if you are in 10th class.
MBA is actually not taught and also not learnt in the right spirit.
All you find yourself in, after completing MBA is little knowledge, lot of debt, married ex girl friend, more pressure and 404 page not found error.
PS: I ain't a looser, but one of the toppers in my class; I missed a strike at IIMs by a whisker BTW. Never bunked classes, didn’t flunk any paper, never goofed up in interviews, GDs etc but now feel what's life without any excitement!, join the brigade if you are one like me.

Saturday, August 14, 2010

The Advertising World


Probably this is the first time that I am here to brag on something which I don't normally like to, on the net. A subject which I fell in love with after joining my MBA. I don't still say that MBA has to be for 2 years by the way. I feel useless subjects are taught almost 84.4 percent of the times. "Brand management" is one subject which I liked from the core of my heart, which I enjoyed most by solving all those out of the box cases etc. There was no surprise when I scored 98 out of 100 in my brand management exam. Brand management I feel is married in a way to Advertising and Integrated marketing communications. IMC always fascinated me for the simple fact that It proved me wrong as I always thought I knew every thing about advertising when I realized I knew nothing. I always loved the romance of advertising. The unexplored intricacies and the depth always caught me spell bound. Advertising, in its profound and deep sense of the term, reminds me of all the embroidered drama, inflated emotions, mellifluous jingles and colorful myriad pictures that form a beautiful collage of incidents and brands and consumer and the beautiful relationship of romance that they share is manifested through this patchwork.
Take a brand like Cadbury’s; won’t you say you love Cadbury’s ? Won’t you feel close to this brand – something that you are possessive about, something that you can identify with and feel comfortable with? And how! Imagine a situation where Cadbury would not have been advertised! Would you feel the same connection that you feel right now? No! Somewhere – lines like ‘kuch khass hai zindagi mein’, ‘Asli swaad zindagi ka’, ‘khaanewalon ko khaane ka bahana chahiye’, ‘rishton ki mithaas’ etc have etched in our minds. We feel nostalgic when we recollect the girl dancing on the cricket field in the Cadbury ad, our mouth waters when we recollect the swirling melting chocolate shown just before the Cadbury pack shot… Thus advertising is that magical elixir of romance that creates the sparks between the brand and the consumer. Since ages, advertising is used as a medium of communication. However, today this medium is not just that. It is a means to feel emotions, indulge with the brands, create rippling effects on the consumer and above all make them feel warm, special and important.
Advertising takes the consumer through that romantic journey where the consumer first gets acquainted with the brand, then tries to find more information about the product, makes the first purchase, expresses his likes and dislikes, and after he likes, he becomes a loyal customer. Later discounts and other offers make him feel special and wanted and thus the romantic journey of the brand and the consumer carries on for the rest of the life.
When one considers high involvement products like a car or a diamond set, people collect more information as they are in the process of making a purchase decision. One can just imagine the quixotic, dreamy and indulging process of a woman buying a diamond set (say for instance Nakshatra diamond). Since it is popularly and truly said that diamonds are women’s best friend – the romantic buying journey is even more exciting. The lavish and extravagant Aishwarya Rai Nakshatra diamond TVC creates the first bounce of mawkish feelings towards the brand as we repeatedly see the ad with glaring eyes. It is not just wishful and dreamy but establishes a space in your heart that lightens up every time you see the ad. Just imagine the sentiments in the consumer’s heart when he or she has just bought Nakshatra diamond earrings. It is this particular feeling that advertising slogs to create in the heart of the consumers. It is that moment when you come home and adore yourself in the mirror with those earrings and the happiness you feel is the same when you are being loved by your special someone…
Many criticize that advertising lures customers into a pit of false dreams and hopes. But doesn’t advertising offer a stage for you to romance with your favorite brands, watching them evolve, feeling connected with the characters in the ad, dancing with imaginations about the product, flaunting your purchases, loving your brands, creating long lasting relationships with things you use, feeling nostalgic, experiencing emotions and above all making you feel so special against the rest of the world! Advertising is truly a romantic indulgence! I will surely want to land up there.

Wednesday, June 30, 2010

Bitter Business - Why Ambanis are never revered Biz guys


Infotel, a relatively, unknown player in the telecom  business, was the sole winner of a pan-India licence for BWA spectrum. Many well known telecom players like Vodafone, Tata , Idea and Reliance Communications backed out, saying unreasonable prices. They bid an astounding sum of Rs 12, 848 crore. On the day, the results were announced Mukesh Ambani owned Reliance Industries announced that they are acquiring 95 % of Infotel for Rs 4,800 crore.
Infotel is a small Internet Service provider (ISP)  run by Anant Nahata, son of Mahendra Nahata, promoter of the infamous Himachal Futuristic Communications Limited ( HFCL). Readers may remember that HFCL had bid irrationally in 1995 acquiring 9 licences for mobile telephony ( 2G). They did not have the financial muscle to roll out the same and eventually telecom minister Sukh Ram bailed them out. Even then it was rumoured that HFCL was actually a front for the Ambanis. Readers may recall that HFCL had bid the highest as licence fees and Reliance Telecom had bid the lowest. Reliance got some category C circles like North East, West Bengal, Orissa etc for peanuts.  When HFCL did not pay up the licence fees , Indian govt not only lost over Rs 20, 000 crore in revenues, in several circles the roll-out of GSM got delayed by 2 years.
Now by acquiring Infotel and announcing it openly on the day the BWA auction results were announced, it is clear that HFCL was just a proxy for Reliance. As the Ambani brothers ironed out their differences and worked out their non-compete clauses, Infotel  the front for Mukesh Ambani was bidding for BWA. For doing the task, the Nahatas have got their Rs 4800 crore ( ?) and 5 % equity in Infotel.
By paying Rs 12, 848 crore for spectrum and additional Rs 4800 crore for Infotel, ( roll-out costs are extra)  apparently Reliance is entering what is essentially an Internet Service provider ( ISP) business using wireless technology. ISP is a business, not unfamiliar to Reliance and Mukesh Ambani-Manoj Modi duo ( Most of the Reliance Infocom top-team continues to be with Mukesh) . Reliance had an ISP service which was marketed under the name “Only Smart.”  This ISP business did not make any waves and can be dubbed a failure. This service was discontinued when Reliance Telecom changed hands from Mukesh to Anil’s. Reliance Infocom when it was launched, Mukesh Ambani during his visionary speeches, used to mention how ‘data’ business would be much bigger than ‘voice’. Reliance Infocomm was only entering ‘voice’, read ‘mobile phone services’ business , just as an additional service, the focus being data. Readers would remember how using the ‘wireless in local loop’ licence Reliance entered mobile telephony through back-door , creating a controversy. This controversy led to several changes in regulations and Reliance is now well entrenched as the No 2 player in 2G. All the so-called superiority of CDMA over GSM has been dumped, with R-Com clearly going for GSM in 2G and 3G.   
Once again Mukesh Ambani is back in his visionary role and is talking eloquently about the prospects of broadband.
“We see this as the next wave of value creation opportunity in the wireless broadband space,” says Mukesh Ambani, who is the world’s fourth richest man, said in a prepared statement. “We believe this will pole-vault India’s economy into the digital world at an accelerated pace while creating next generation tools that will enhance productivity and create world-class consumer experiences.”
“RIL sees the broadband opportunity as an opportunity to be in the forefront in providing world-class 4G network and services,” the company said, suggesting the scale of its ambitions. “[The] initiative will usher in a wireless broadband revolution in both the urban and the rural areas by providing end-to-end data solutions for business enterprises, social organizations, educational and healthcare institutions, and Indian consumers.”
 Most analysts are apprehending that Reliance and Mukesh will once again get a back door entry into the mobile telephony space using the BWA spectrum. As of now Internet telephony within India is not allowed. Once Reliance has rolled out their infrastructure for broadband, it is apprehended they will cleverly manipulate the regulators and policy makers in Delhi, in the name of low cost of telephony for ‘aam aadmi’ to open up Internet telephony. Remember, papa had said that domestic call should be cheaper than the price of a post card, the promise of Reliance. In public, politicians want to make policies that benefit the ‘aam aadmi’ , as long as they or their party is adequately compensated in private.
On earlier occasions, HFCL ( proxy for Reliance ?)   got away without honouring their licensing contracts and sabotaging India’s cellphone industry. Through back-door Reliance  entered cellphone services industry, which was an unfair competition to the existing players. Now the apprehension is using BWA, Reliance would make a backdoor entry into cellphone services  yet again by getting cheaper spectrum. 
The history of telecom industry in India is marked by a series of scams. So, what is one more scam. Politicians and businessmen create scams, media and bloggers cry hoarse about them. All in a day’s work

Tuesday, April 27, 2010

IPL - Bet its More than just cricket

As I was watching news regarding the IPL controversy, something stuck my mind. The IPL has turned murkier, now with a new avatar, as a combo of the top 3 entertainment industries of the nation, Cricket + Bollywood + Politics!

The hysteria has never died right from the day one the IPL has started; it has seen the either extremes of madness. The Pakistan players’ inclusion, Franchise selection process, the bomb blasts, the racist comments, the betting drama, match fixing allegations, the taxation episode, the underworld connection, everything made it even more "Indian viewer oriented".
Mr. Modi is a man of steel and he donned the play of resurrection every time he is punched down hard with some allegations. In light of all the controversies surrounding IPL, I think one brave step to avoid a little feud, from this war would be legalizing Betting in India. Gambling is socially acceptable in India, but not legally, it is this dichotomy which is at the root of the periodic bouts of headlines about betting and match fixing that comes out to haunt us every now and then. The IPL format seems to be tailor made for betting, and it would have benefited for good, if betting was made legal. Declaring something illegal does not mean we can wish it away, the bets continue to be laid, under the table, instead of, on the table. So proper legalization would also circumscribe criminalization of Indian sports, illegal rackets and money laundering.
The IPL controversy should serve as a wakeup call to the Government on the need to make betting legitimate. I feel that the bans are never a solution to a problem; they drive the activity in the dark, outside the formal system which makes it un regulatory. (Though the government draws a thin line, on where one can bet- i.e. games involving skill and games of chance, the demarcation is often ignored). Betting is allowed in horse racing as it is a game of skill and not a game of chance. But there is a lot, who argue why lottery is legal in certain parts, and they are right, for, the discriminating line is crossed by the government itself.
Detractors argue that unfettered gambling could lead the public to social and financial ruin. This is noble argument but erroneous because gambling is ubiquitous. Everyone benefits from transparency and disclosure of information, poor included. There is a patronizing assumption that poor does not know what is good for them, even though they gamble all the time when they elect political reps. we never think of counter factual. But is the present system of “Ban on betting" good for the poor, assuming they ought to be controlled against their own vices? Not really, as they resort to unregulated bootlegging type gambling. We may not get transparency if it is legalized but we will get translucency and it is done in many countries like UK, Australia already. The "regulated Betting environment" which even brings huge taxes to the government. By the way I owe a treat to few of my mates, for DC lost in the Semi finals!