Who Robbed C. C.

1. Who Robbed C. C. Lectures in Microeconomics-Charles W. Upton

2. The Facts • Wealthy young Indians Pitcher. Who Robbed C. C

3. The Facts • Wealthy young Indians Pitcher. • In 2002, went to downtown Cleveland hotel late at night and was robbed of $40,000 in cash and jewelry. Who Robbed C. C

4. The Facts • Wealthy young Indians Pitcher. • In 2002, went to downtown Cleveland hotel late at night and was robbed of $40,000 in cash and jewelry. • Two former college basketball players pled guilty. Who Robbed C. C

5. More Facts • Risky behavior is common among professional athletes. Who Robbed C. C

6. More Facts • Risky behavior is common among professional athletes. • Some argue that they are simply young and foolish and too wealthy. Who Robbed C. C

7. More Facts • Risky behavior is common among professional athletes. • Some argue that they are simply young and foolish and too wealthy. • Another model: they are risk takers. Who Robbed C. C

8. Risk Taking • Going into professional athletics is risky. • High payoffs • Long odds • Opportunity cost of time Who Robbed C. C

9. Risk Taking • Going into professional athletics is risky. • Perfect occupation for someone who is a risk taker. Who Robbed C. C

10. Risk Taking • Going into professional athletics is risky. • Perfect occupation for someone who is a risk taker. Who Robbed C. C

11. And in passing… • Robbery is also a high risk profession, appealing to risk takers. • Recall who robbed him. Who Robbed C. C

12. End ©2003 Charles W. Upton Who Robbed C. C