Doug Drinen and I have finished the last (we hope) rewrite of our play-by-play study of hit batters. After presenting the previous version of the paper at Clemson last fall, the audience convinced me that the whole debate over the role of the DH in causing hit batters has little to do with moral hazard. It is a possibility, and I’ve thought about it so much that I think that there probably is some moral hazard involved, it’s just too hard to tease out of the data. So, here it is. If you’ve read the previous study, I see little reason to read this one unless you are extremely interested in the topic.