4.6 • 32K Ratings
🗓️ 17 January 2019
⏱️ 55 minutes
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0:00.0 | You cannot be afraid to fail. |
0:04.0 | I have an 8-year-old son. There's no way I'd let him play Taka football. |
0:07.0 | I had never been in an environment that was so emotionally charged. |
0:12.0 | The fight started and I hit her as hard as I could. |
0:14.0 | I would say that sports was my way of becoming American. |
0:20.0 | I want to leave this sport being known as a bad mother f***er. |
0:30.0 | I would say most things that we think are true do turn out to be true, not always for the reasons we think. |
0:38.0 | Toby Mosquitz is an economist who teaches at the Yale School of Management. |
0:42.0 | That's right. Yes, so you have won a really prestigious academic award. |
0:47.0 | It's one of the top finance scholars in the world. Why do you mess around with sports? |
0:52.0 | It's called tenure. They can't fire me. |
0:56.0 | No, it's one of the things I tell my students all the time is don't go into this business unless you really love what you research. |
1:04.0 | Sports has always intrigued me and to be a little bit more serious, a lot of what I study is behavioral economics |
1:11.0 | and how people make decisions when faced with a lot of uncertainty. Sports is just a really rich field to look at those kinds of things. |
1:18.0 | This is a true fact. It's why you see a lot of economists messing around in sports. |
1:23.0 | It's why you see a lot of sports themed academic journals and conferences. |
1:27.0 | Sports may not be nearly as important as education or health care or politics, but when you do research in those areas, |
1:35.0 | it can be really hard to establish cause and effect. |
1:38.0 | There are so many inputs of so many different types and such hard to measure outputs. |
1:44.0 | Furthermore, the incentives in education and health care and politics are often opaque or worse twisted. |
1:52.0 | In sports, the incentives are usually transparent, the results are clean, and if you like data as economists do, |
2:00.0 | well sports provides boatloads of data. Most of which happens to be neatly categorized and extend back for decades. |
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