新利18快乐彩|新利18靠谱

External Partners Alumni Search Submit Return to home Search Search About About Olin Home Why Olin Equity, Diversity & Inclusion Leadership & Strategy News & Media Events Contact Us Programs Programs Home Explore Our Programs BS in Business Administration MBAs Specialized Master's Doctoral Executive Education Dual Degrees Faculty & Research Faculty & Research Home Faculty Directory Research Research Centers Olin Brookings Commission Olin Award Student Resources Student Resources Home Career Services Center for Experiential Learning Entrepreneurship Academic Calendars Student Organizations For Current Students For Military Veterans Admissions Admissions Home Scholarships & Aid Attend Program Events Visit Olin Ask a Student Student Profiles Request Information Refer a Candidate External Partners Alumni Prof coaches NFL in Econ 101 December 11, 2016 By Guest Blogger 1 minute read Home News Prof coaches NFL in Econ 101 This blog post was originally published on Forbes.comPatrick Riche is Director of the Business of Sports Program at Olin. &＃8220;As a Microeconomics professor, one of the topics covered is a discussion of the &＃8220;utility&＃8221; (or satisfaction) which consumers derive from their various purchasing decisions. Invariably, one of the universal truths in the study of economics is the law of &＃160;Simply defined, this law suggests that the additional satisfaction we obtain from consuming the next unit of some good or service (i.e. marginal utility)&＃160;will eventually decline&＃160;as we consume more and more of the same good/service. &＃8230;Going back to late October,&＃160;Sports Illustrated reported&＃160;that&＃160;Monday Night Football was&＃160;down 24% from 2015, Sunday Night Football was&＃160;down 19% and Thursday night was&＃160;down 18%. But to this economist, there is no question that diminishing marginal utility has to play a significant role as well.With games on Thursday, Sunday, and Monday night, and with games all day Sunday, is it possible that we&＃8217;ve reached a tipping point in just how much NFL football we can consume?&＃8221; Link to article: 2016&＃160;NFL TV Ratings Decline: Has Diminishing Marginal Utility Finally Set In? About the Author Guest Blogger From time to time we have professors, students, staff, alumni, or friends who are not regular contributors, but want to share something with the community. Be sure to look at the bottom of the post to see the author. Contact Us For assistance in finding faculty experts, please contact Washington University Public Affairs. Monday&＃8211;Friday, 8:30 to 5 p.m. Sara Savat, Senior News Director, Business and Social [email protected] &＃160; Kurt Greenbaum,Communications [email protected] Twitter: WUSTLnews Share article Apply Now Visit Us Request Info One Brookings Drive, St. Louis, MO 63130-4899 [email protected] 314-935-7301 News & Media Events Faculty Directory WashU Center for Career Engagement Washington University home Olin Links Sitemap Privacy Policies Title IX Accessibility ©2024 Washington University in St. Louis