A New Spin For Tennis Economics

Affecting firm competition and player inequality, when billionaire Larry Ellison bought Indian Wells, he generated externalities throughout tennis.

Sunk Costs: When to Cut Your Losses?

Several days ago, during a phone call, I was asked to “hold” for a moment. 5 minutes passed. No one returned. I considered hanging up but thought, I’ve already waited 5 minutes. They will have been wasted if I leave.…