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Freakonomics Radio

363. Think Like a Winner

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 17 January 2019

⏱️ 55 minutes

🧾️ Download transcript

Summary

Great athletes aren’t just great at the physical stuff. They’ve also learned how to handle pressure, overcome fear, and stay focused. Here’s the good news: you don’t have to be an athlete to use what they know. (Ep. 4 of “The Hidden Side of Sports” series.)

Transcript

Click on a timestamp to play from that location

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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