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#12 | |
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Pro Bowl
Join Date: Oct 2008
Posts: 6,052
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Re: Why do so many NFL players go bankrupt?
Quote:
Hyperbolic discounting - Wikipedia, the free encyclopedia Considering that people like to run up debt on their credit cards and the like, it's safe to say that there's at least some biological influence on why they keep spending even if they know they won't balance their budget. Woefully irrational, but that's exactly why "knowledge" is needed to keep said influences in check. Not everyone's a Leopold Mozart who knows how to manage their money well with little outside help. Some are more like Wolfgang and prefer gratification over disciplined spending.
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Analysis using datasets (aka stats) is an attempt at reverse-engineering a player's "goodness". Virtuosity remembered, douchebaggery forgotten. The ideal character profile shoved down modern Western men and women's throats is Don Juan. |
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