Posted by: olymponomics | May 1, 2008

What is Olymponomics?

Before I start, I suppose it is a good idea to explain what the term Olymponomics actually refers to. I use it, of course, as a play on Steven Levitt’s inspired/populist/stimulating/provoking/controversial* (delete as appropriate!) Freakonomics, to cover all things related to political and economic analysis of the Olympics. Now, politics is included in this definition because, I would argue, questions about the economic aspects of the Olympic tend to be unavoidably political, whether in terms of winners and losers or in terms of the choice of methodologies and models. One particular focus of this blog is the measurement and management of Olympic risk and this also involves a political dimension to the measurement of uncertainty and what constitutes a risk.


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