5min chapter

The Irrational Mind | With Kristen Berman cover image

How Is PFF Changing the Game of Football?

The Irrational Mind | With Kristen Berman

CHAPTER

Why Do We Overpay for a Player?

When it comes to drafting players, some teams look for the best player available. Other teams try to trade that pick to another team willing to give them two lower picks. This is something called opportunity cost neglect. It basely means that we tend to ignore what we give up when we make a choice. When opportunity costs are made more salient, verse less salient, are decisions change.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode