Skip to main content

Reviews by Pancho @ "Game Theory, Sports, and Economics"

⚽Game Theory, 🏀Sports, and 🎾Economics

After reviewing the three articles, I noticed that they all focused on how sports and economics are similar. The article Suspense vs. Purity specifically talked about how time was involved with playing sports. The limited time in each game changes the way that players act or do things during the match. For example, in basketball, football, and hockey, players seem to act in ways that would either score them more points or stall the opponents from gaining further points when the time to end is near. This method is known as the Axelrodian approach

The second article, Game Theory and Major Leagues talked about how strategy in plays and moves could be beneficial to any team. This method of minimax or the set of plays that minimizes their maximum possible loss could help more teams in winning their games. Statistics were shown to analyze how this would apply with a sports team. In football, for example, an average pass between the player’s gains .55 yards while a run has a 2.8 scoring possibility. They then concluded that if a team increased their passes from 56% to 70%, they would gain 10 points higher each game.

The third article, Economic Theory Meets Sports talked about how the strategies in the economic world applied to the strategies that could be used in sports. From the firms in the stock market to the yards gained on the football field, economic science could be used to help any sport in scoring more points. When it comes to timing in economics, the investor has to choose the right time to take action. Other policies like the expansionary and contraction fiscal policies are based on time. With minimax strategies, this welds in with economics based on the surpluses given in a year due to cutbacks or savings from daily activities.

The methods used in economics to help increase productivity and monetary supply can be used to an advantage in the sports world. I found some very interesting topics in the movie Freakonomics. One of the topics was the distinction between black and white names. This story covered how the white population was more likely to receive jobs over the black population due to the whites having average names. Creative names like Shaniqua, Daquan, and Tyrone were shown little attention, while names like Mary, Cindy, and Michael were shown more attention.

Economics and college life can be connected in many ways. One of those ways is the proper actions at the right time. Just like how in economics, measures are taken at certain times to increase the money supply. Some of the actions that I take can be used to benefit my education and gain me higher opportunities in learning. Studying for a test a certain amount of times before the actual exam is a way that I could utilize my time efficiently in college.


Labels:

Comments

Post a Comment

Popular posts from this blog

CannaComps Reviews: Badd News

  BADD NEWS CANNABIS " MIXING THE OLD WITH THE NEW " That's the motto for BaddNewsSeed. Hailing from Florida, this grower produces some of the freshest cannabis you'll see in the south. There's nothing better than humble, homegrown, southern cannabis. When there's a good amount of supply to match the homegrown cannabis appeal, it's always bound to be a good time. With a website to match the flare, you can shop from a large variety of plants and strains. Whether it's Sativa, Indica, or Hybrid, Badd News Seeds can provide it all. The website displays two separate menus; Lemon tree and dogwalker.  LEMON TREE 🍋 Badd News Seeds doesn't play around when they say "MIXING THE OLD WITH THE NEW'.  Their Lemon Tree menu proudly contains 16 different strains of weed that looks great. The following strains and prices are: Ambrosia - $40.00 Black Lemon - $40.00 Blueberry Lemonade - $40.00 Chai Zing - $40.00 Citron Dream - $40.00 Golden Diesel - $40....
Post a Comment
Read more

Nike's Influence on the Conformation of Society

              There are many products of today that people tend to buy in order to “conform” themselves with the rest of society. Whether it’s the lower class, middle class, or upper class, there is always one product that strikes the mind of individuals. The product that I decided to focus this study on is NBA Nike brand shoes. Nike brand shoes can apply to all people but are most commonly found amongst the younger crowd of today. The other large competing brand, Air Jordan, resembles the exact same level of demand as Nike. There are multiple reasons why Nike appeals to the younger generation of today. The company is known highly for its inner connection with super sport athletes everywhere. Almost every commercial that Nike airs on television includes a well-known athlete wearing the clothing or shoes. From Basketball and Football to Soccer and Baseball, Nike always finds a way to make a name for themselves in every sport. This wou...
Post a Comment
Read more

Nike Personified

Th ere are brands advertised to people every day, with more being thought up of every minute. With each brand advertised, there are multiple people who become attached to a certain brand, thus forming a sense of brand loyalty. I’ve come across a lot of brands in my life , tending to direct my loyalty towards a select few. However, there is a dominant brand that I have come to really affiliate myself with, “Nike” . According to the website of Nike, “Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services”. With that being said, I feel like if this brand were to ever “ come to life ” , it would be more than just a single person. If the brand “Nike” ever came to life as a person, it would be in the form s of a man, a woman, a boy , and a girl, creating a Ni ke family. I feel that this is the appropriate incarnation to giv e the bra...
Post a Comment
Read more