This is why economists are increasingly studying sports
Sport lends itself to economics and game theory because players, coaches and agents act similar to the hypothetical rational decision-makers in economic models.
Tim Harcourt is the JW Nevile Fellow in Economics at the UNSW Australia Business School and host The Airport Economist TV series on how to do business in Asia and emerging markets. Tim is a professional economist specialising in international trade and labour economic issues in the Asia Pacific region and in the emerging economies.