How NFL teams ignore basic economics and draft players irrationally
Draft picks can be traded, and the success of any one player picked is highly uncertain. Because of that, their data says that in the current trade market, teams are always better off trading down — that is, trading one high pick for multiple lower ones — but many teams become overconfident in their evaluation of one particular player and do the exact opposite: package several low picks for the right to take one player very early.