The Economics behind the Final Four - Galt's Gulch

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The Economics behind the Final Four

Posted by blarman 9 years, 1 month ago to Business

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A REALLY insightful primer on the economic model used in NCAA Basketball. Kind of makes you want to be Northwestern.

SOURCE URL: http://www.bloomberg.com/graphics/2015-march-madness-basketball-fund/?cmpid=BBD031815

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Posted by freedomforall 9 years, 1 month ago

NCAA basketcase, almost as interesting as watching grass grow.
Just another circus to distract the sheep.

I have a great idea for a reality show.
Gather the heads of all the congressional committees, blindfold them, and take them secretly to a deserted island of the coast of Antartica.
Then leave.

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  Posted by samrigel 9 years, 1 month ago
  
  I prefer watching paint dry. It is exhilarating! I watch no sports total waste of time. But that is just my opinion!
  
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    Posted by blarman 9 years, 1 month ago
    
    I like watching the contests, I just wish it were less about the money because of all the corruption it brings.
    
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Posted by Mamaemma 9 years, 1 month ago

Just another example of The Aristocracy of Pull. Imagine being one of the people who decides where the money goes. Think you'd get your ass kissed, or be offered incentives?
Edit: punctuation

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Posted by Thoritsu 9 years, 1 month ago

There are very few college students in college athletics. College athletics is just mini-professional, thinly veiled with stupid rules in response to "newspaper" issues.
The original point was to have well-rounded people.

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  Posted by Snezzy 9 years, 1 month ago
  
  I thought they had been proven to be students. After all, you can't pass an exam in "Physics for Poets" or "Applied Elasticity of Spherical Objects" unless you are actually a student.
  
  For professional sports I rather favor the Brooklyn Dodgers.
  
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    Posted by Thoritsu 9 years, 1 month ago
    
    Funny you mention it. My father used to teach Physics for Poets for the less technically-minded HS students.
    
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