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Episode Description
Seemingly unrelated activities — like taking a soccer penalty kick or crafting an online dating profile — involve an embedded economics.
“Understanding and applying economic logic can be valuable in pretty much any job or any other endeavor in your life,” says Paul Oyer, a professor of economics at Stanford Graduate School of Business.
On this episode, Oyer digs into the shared economic logic of online dating and the labor market, explains why pro athletes and sports fans think like economists, and explores how AI has reduced the beneficial friction that was once a part of job searches.
Got a question about the economics of dating, sports, or the job market? Ask us at ifthenpod@stanford.edu.
Related Content:
Chapters:
00:00 Strategic decision-making in air traffic control
03:06 Introduction
03:27 Why sports are a useful lens for understanding economics
09:53 Why economics matters far beyond money
10:54 Economics & online
14:36 Applications of game theory
16:54 How AI is reshaping hiring and the labor market
22:25 The labor market challenge economists still have not solved
24:18 Conclusion
If/Then, from Stanford GSB, features conversations with faculty that explore how their research deepens our understanding of business and leadership.
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