I wonder what Richard Thaler thinks of the Le’Veon Bell saga. Thaler is known as the founder of Behavioral Economics, which is essentially the study of why human beings don’t make rational financial decisions. Cognitive limits, bias and emotion all cloud our ability to behave as mathematics tell us we should. The multi-year Le’Veon Bell drama would be a great case study for the academically curious.
Ever since Bell decided not to attend training camp before the 2017 season, he started a new game that mixes together emotion, bias and financial projections - and now he’s going to play it out until the very end.