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Let me guess, getting your entire career salary in a lump sum before you're 30 and having the impulsive personality of an athlete doesn't mix well?
by tw1010 9y ago
Let me guess, getting your entire career salary in a lump sum before you're 30 and having the impulsive personality of an athlete doesn't mix well?
- andrepd 9y agoWhat's your basis for saying athletes have impulsive personalities?
- manigandham 9y ago...because many go broke?
- ch4s3 9y agoPerhaps that could be better stated. Being a star athlete is highly correlated with having a risk insensitive personality. That type of personality also correlates with impulsive financial decisions. I'm no sure if that's all true of if it's anything more than correlation, but it makes some sense as a hypothesis.
- 1jojojo 9y agoBeing a star athlete is highly correlated with having a risk insensitive personality. According to whom?
- ch4s3 9y agoAhh, I'm postulating a bit. >I'm no sure if that's all true of if it's anything more than correlation, but it makes some sense as a hypothesis. As I said, I could be wrong. But we know that other fields like management, fashion, music, etc are dominated by risk takers. It may not be true of sports or all sports, but you could imagine that a risk taking basketball player, football QB or running back, soccer forward, or similar players tend to be risk takers. Again, I could be wrong.
- specialist 9y agoPlease stop explaining yourself. They're trolling you.
- ch4s3 9y agoI don't really mind, and it was only one comment. I'm happy to explain myself when I can add clarity.
- 1jojojo 9y agoI'm not trolling here. The people I know who have been successful athletes developed as a result of discipline and hard work, not because of risk-taking, and certainly not to their own detriment.
- emodendroket 9y agoThe article, for one: > Sometimes,though, a jock just can't shake the temptation to try to hit the jackpot. Butowsky believes that "there's something in an athlete's mentality"that drives him to swing for the fences financially--usually at his own peril."The solution to the problem is, without a doubt, education," the adviser says. "Change won't happen until grown men start wanting to learn."
- xapata 9y agoAthletes almost by necessity must have a sort of magical thinking -- they must pursue their careers with determination, despite very low chance of success.
- robotresearcher 9y agoMaybe not impulsive, but probably financially irrational. They invested thousands of hours of hard work into a career with very, very low expected returns. For every 22 year old millionaire, there are hundreds or thousands of very-nearly-as-good or better-but-injured people who went all-in but didn't make a living in sports after all. People are crazy. But it's fun to watch them get so good at stuff.
- deleted 9y ago[deleted]
- elchief 9y agoThere's a strong correlation between testosterone and risk-taking. And there's a strong correlation between being a superstar athlete and testosterone
- efa 9y agoThe news.