Paul Oyer, Stanford – Economic Value of Tradition, Reckless Spending in Sports, & The Most Insane Stat You’ve Ever Heard

My guest today is Paul Oyer, a professor of economics at the Stanford Graduate School of Business. He’s also the author of An Economist Goes to the Game: How to Throw Away $580 Million and Other Surprising Insights from the Economics of Sports.

Paul and I start with the most insane statistic I have come across in my entire life. Then we blow through a number of topics, including gambling, the NIL, the effects of conference realignment within college athletics, public financing of private stadiums, why coaches get huge buyouts, and most importantly, why I was serving a huge need by reselling a boatload of UF football tickets when I was in undergrad. This was a fun conversation on the future of sports related to a number of topics with a bright mind and I hope you enjoy the episode.

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