boutons_deux
11-04-2015, 03:11 PM
Former Philadelphia 76ers star point guard Allen Iverson, the story goes, hated luggage so much he used to buy new outfits every time his team went on a road trip.
And he’s not alone among pro athletes in financial profligacy.
According to a 2009 Sports Illustrated story, as many as 60 percent of U.S. professional basketball (http://www.ozy.com/flashback/basketballs-one-man-corruption-machine/40246) players faced bankruptcy or serious financial hardships within just a few years of retiring.
The leagues have stepped up financial literacy education and other programs aimed at stemming the embarrassing tide of financial ruin, but what if there were a way to figure out which pro athletes were most likely to go bankrupt, so you could try to prevent it from happening in the first place?
Toulouse-trained labor economist Ruby Henry has found that a basketball player’s shooting stats may have just that kind of predictive (http://www.ozy.com/wildcard/our-mans-secret-to-winning-fantasy-basketball/65601) ability.
Specifically, their 3-point shooting frequency.
http://www.ozy.com/acumen/why-3-point-shots-drain-bank-accounts/33852?utm_source=dd&utm_medium=email&utm_campaign=11042015&variable=997c2c0be180eb9bc32d6211712db4cb
And he’s not alone among pro athletes in financial profligacy.
According to a 2009 Sports Illustrated story, as many as 60 percent of U.S. professional basketball (http://www.ozy.com/flashback/basketballs-one-man-corruption-machine/40246) players faced bankruptcy or serious financial hardships within just a few years of retiring.
The leagues have stepped up financial literacy education and other programs aimed at stemming the embarrassing tide of financial ruin, but what if there were a way to figure out which pro athletes were most likely to go bankrupt, so you could try to prevent it from happening in the first place?
Toulouse-trained labor economist Ruby Henry has found that a basketball player’s shooting stats may have just that kind of predictive (http://www.ozy.com/wildcard/our-mans-secret-to-winning-fantasy-basketball/65601) ability.
Specifically, their 3-point shooting frequency.
http://www.ozy.com/acumen/why-3-point-shots-drain-bank-accounts/33852?utm_source=dd&utm_medium=email&utm_campaign=11042015&variable=997c2c0be180eb9bc32d6211712db4cb