Sports Lessons—Pay, Performance, Tournaments
Lecture no. 22 from the course: Unexpected Economics
Taught by Professor Timothy Taylor | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Although sports account for a far less significant piece of the economy than most people assume, it does provide economists with especially clear examples with much broader applicability. Grasp what sports can teach us about issues like pay and promotion, valuing talent, and providing incentives for top performance.