Beautiful Game Theory, Beautiful Economics | Ignacio Palacios-Huerta | TEDxUDeusto

How to test economic theories and document novel human behavior? How to gain deep insights into sports? The economic approach to human behavior extends over many areas previously considered to other fields, including many aspects of sports. In this talk, Ignacio Palacios-Huerta shows that understanding economic ideas gives unique perspectives into the world's most popular sport. It also shows that, in turn, soccer offers often startling insights into game theory and economics by shedding light on universal principles in important, interesting and useful ways. With a real passion for Economics, Ignacio has studied and taught in some of the most prestigious universities around the world, including Chicago, Stanford, Brown and London School of Economics, where he actually conducts research on Game Theory. Due to his extraordinary research on this field, he has been recently appointed to Jakiunde, the Basque Academy of Science. Being one of the most outstanding Spanish economists, he is also a great fan of football, being advisor of Athletic Club of Bilbao. Because, as he says, economics can help football and football can help economics. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx