There’s another nice summary piece by Tyler Cowen (Marginal Revolution) and Kevin Grier at Grantland this week (thanks to my PhD buddy Felipe for passing it along). Their topic: the college football bowl system. Their conclusion:
In sum, we have a system where the games are not designed to produce the best on-field matchups, the competitors often lose money [since no one watches most bowl games] but fight fiercely to participate, outsiders and observers complain vehemently, and the organizers amass and waste a great deal of money with little oversight.
They also note Continue reading