In Moneyball, Oakland A’s general manager Billy Beane used an improved set of analytical gauges to create a better baseball team. He was only able to do so because Bill James and other pioneers of baseball statistics had created new gauges of player performance, such as the on-base plus slugging statistic, that improved upon the traditional gauges, such as batting average and subjective assessments by old-school scouts.
Regulations are similar to baseball players in the sense that some fail while others succeed. However, unlike baseball, there are not many objective measures of regulations. IRCD represents the first step in taking a Moneyball approach to studying regulation: if we can objectively measure regulations, we can use this information to help determine whether regulations efficiently achieve their intended goals.