Ignacio Palacios-Huerta, a Professor of Economics at the London School of Economics, explores how sports illustrate economic theories. He discusses loss aversion using golf as an example, demonstrating how psychological factors can influence decision-making. Delving into discrimination in baseball, he highlights the benefits of inclusive hiring practices. Ignacio also examines the psychology behind penalty kicks, revealing how randomness and player tendencies shape outcomes. This intersection of sports and economics provides a unique lens on competitive behavior.