Oct
15
Economics in sports?
ByGame Theory: attempts to mathematically capture behavior in strategic situations, in which an individual’s success in making choices depends on the choices of others.
I enjoyed the book Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (P.S.).
The authors explain their thoughts on subjects that include why drug dealers live with their mothers or how a child’s name influences their success (or failure) in life. My attempt with this blog is to apply their same thinking and apply it to our world of sports.
The authors explain their thoughts on subjects that include why drug dealers live with their mothers or how a child’s name influences their success (or failure) in life. My attempt with this blog is to apply their same thinking and apply it to our world of sports.Whether you watch SportsCenter, read Sports Illustrated or regularly follow a fantasy team you run into segments that revolve around contracts, trades, arbitrations, hold outs, teams moving, teams folding, etc. I am going to take current events and break down what each party’s decision process may be. I’ll go over negotiations, motivating factors and influences. I want to take those articles and break them down into simple English.
I am not a lawyer or a specialist in contractual law. I graduated with an undergrad business degree from Santa Clara University, but I’ve always been fascinated by the game theory within sports. The closest I’ve gotten to a contract was a job that I had a few years ago that lasted for 3 month – a support job that did not include health benefits, 401k or vacation time. So given my background, I am here to educate but also learn from you. All comments are welcome.
Big Al
