What can economics learn from sport?

Every year, climate scientists keep a close eye on data coming out of a particular area of the Pacific Ocean. They’re trying to measure the scale of a climate phenomenon - the El Niño event or effect. This is a naturally occurring phenomenon where ocean surface temperatures rise, ...  Show more

Tim Harford investigates some of the numbers in the news. This week:(00:38) The number of people being recalled to prison after early release in England and Wales is rising sharply. Why?(07:37) Is the UK millionaire an endangered species? We ask Duncan Weldon - he’s like David At ...  Show more

Sometimes as economists we need to analyse complex decisions to understand what the outcomes might be. On the more baffling end of the scale we have Saudi Arabia spending billions on football, golf and Formula 1 stars who are mostly a little past their prime to come and play in t ...  Show more

Can a physicist predict our messy economy by building an enormous simulation of the entire world? For show transcripts, go to vox.com/unxtranscripts For more, go to vox.com/unexplainable And please email us! unexplainable@vox.com We read every email. Support Unexplainable by beco ...  Show more

In this video we show the economic misunderstandings around economies of scale & induced demand that still pervade in economics journalism and reporting. Learn how misconceptions about these basic economic concepts can impact city planning, business growth, and national policies. ...  Show more

Do you ever stop to wonder if the way you see the world is how the world really is?  Economist Abhijit Banerjee has spent a lifetime asking himself this question. His answer: Our world views often don't reflect reality. ...