November 2019 Friday’s e-links: From Cautionary Tales to Elevators and the Backpass Rule

Friday’s e-links: Today I recommend a new podcast series from Tim Harford who connects disparate examples of mistakes in each episode.

World Cup Soccer and Game Theory

Economists can explain more about soccer than we might expect. Why, for example, do players rarely kick down the middle when taking a penalty? This takes us to “The Prisoners’ Dilemma.” Please assume that when arrested, two bank robbers do…