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Showing posts with the label parkour

Decision Making as Output and Bounded Rationality

  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

Barriers to Entry and Global Sports Organizations

  An earlier post “ Sports Organizations and Structures ” presented an outline on the governance structures in global sports. Sports might be local or regional or national or global but what makes them a formal move towards being recognised as sports is a structure that underpins their governance. As the earlier post pointed out, the governance of international sports is carried out by an organization that is made of national bodies. While there are organizations that do not have a national character, they are usually not part of the mainstream. The only exception seems to be World Triathlon Corporation that organizes the IronMan races. They are signatories to Anti Doping Code and they have their own well recognized tour and circuit. Their relationship with the International Triathlon Union has been of blowing hot and cold. In the recent times, the reinvention of GAISF following the aftermath of the Vizier years, the stepping stone to global recognition and thus a possible inclusion in