Coase, the Rules of the Game, and the Costs of Perfection (with Daisy Christodoulou)
· 1 h 10 min · Episode 983
Episode Coase, the Rules of the Game, and the Costs of Perfection (with Daisy Christodoulou)
Surely perfection is better than imperfection. But applying technology to improve decision-making can backfire. Listen as ed-tech innovator Daisy Christodoulou and EconTalk's Russ Roberts talk about the costs of seeking perfection when technology is used to improve refereeing in sports. They also talk about ways to embrace imperfection and how the economist Ronald Coase can help us understand the power of the rules of the game, both in sports and in life.
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