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Showing posts with the label classification of sports

Decision Making as Output and Bounded Rationality

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  The classical economics theories proceed on the assumption of rational agents. Rationality implies the economic agents undertake actions or exercise choices based on the cost-benefit analysis they undertake. The assumption further posits that there exists no information asymmetry and thus the agent is aware of all the costs and benefits associated with the choice he or she has exercised. The behavioral school contested the decision stating the decisions in practice are often irrational. Implied there is a continuous departure from rationality. Rationality in the views of the behavioral school is more an exception to the norm rather a rule. The past posts have discussed the limitations of this view by the behavioral school. Economics has often posited rationality in the context in which the choices are exercised rather than theoretical abstract view of rational action. Rational action in theory seems to be grounded in zero restraint situation yet in practice, there are numerous restra
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Towards Classifying Sports

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Sports fascinate and provide an avenue for fulfilment of desires in more ways than one can imagine. There are thousands of sporting activities that occur all over the world. There have been many attempts at defining sports something few past posts have managed to do. Yet, to some, there is no consensus on whether an all-inclusive definition of sport can be obtained. This post is not to attempt another definition for sports but seek to classify sports in different ways. There have been many attempts to classify sports. Bernard Suits and his followers have attempted to classify into refereed and judged sports. The former are a subset of games whereas the latter might be sports but not games. There have been more attempts to refine the classification. However, the current post will not go into those dimensions at this stage but seek to build a preliminary broad based classification of various sporting activities irrespective of whether they are judged, refereed or otherwise.   The fir
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Defining a Sport!

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As a consensus, sports might be universally liked and played ( exceptions aside), yet consensus eludes in defining sports. A quick Google Search shows “ an activity involving physical exertion and skill in which an individual or team   competes against another or others for entertainment.” This definition of course is taken from the Oxford dictionary. Other definitions of sports include                 “Sport includes all forms of  competitive  physical activity or games which, through casual or organised participation, at least in part aim to use, maintain or improve physical ability and skills while providing enjoyment to participants, and in some cases, entertainment for spectators”   - Wikipedia                 “ an athletic activity requiring skill or physical prowess and often of a competitive nature, as racing, baseball, tennis, golf, bowling, wrestling, boxing, hunting, fishing, etc. ”- Dictonary.com                 “ physical activity engaged in for ple
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