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Reading the Numbers

What a Ranking Actually Encodes

5 min read

TL;DR

Every ranking is a set of weighting choices wearing the appearance of an objective list. Two credible systems can disagree sharply and both be defensible — the disagreement is usually about what to value, not about the facts.

A ranking is a compression

To produce an ordered list, a system has to take many dimensions of performance and collapse them into one number. That requires deciding how much each dimension is worth.

Those weights are a judgement. They are usually not published, and they are where nearly all disagreement between ranking systems comes from — not from different data.

The questions that separate systems

  • Predictive or descriptive? Is it ranking who has been best so far, or who will be best next? These produce very different lists, and the label rarely says which.
  • How much regression? A system that trusts small samples will have volatile rankings and dramatic risers.
  • Peak or accumulation? Rewarding the best stretch versus rewarding total production changes the order completely.
  • How is availability handled? A player who missed six games can be ranked on what he did or on what he would have done.

Ask those four and most rankings become legible.

Disagreement is information

When two good systems disagree about a player, that is worth more attention than when they agree. It usually means the player is unusual along a dimension the systems weight differently — high peak and low availability, or strong process with poor results.

Consensus is comfortable and mostly already priced into how everyone behaves. The disagreements are where the thinking is still available to be done.

Keep these

  • Rankings compress many dimensions using unpublished weighting choices
  • Ask whether it is predictive or descriptive, and how it treats missed games
  • Where two good systems disagree is the most informative place to look

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Park Factors