You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.

I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.

I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,

relationships, identity, comedy, even one that mixes poetry, music and inner city life.

So one day I'll be helping host develop their ideas, the next fact-checking, a feature,

and the next looking at how a podcast connects with its audience, and maybe that's you.

So if you like this podcast, check out some others on BBC Sounds.

Thank you for downloading the more or less podcast.

We are weekly guide to the numbers all around us in the news and in life.

And I'm Tim Harford.

Now, I like sport, both as a spectator and as a participant.

But maybe I should also like sport as an economist. That

is the view of our guest today. He is Ignacio Palacios Huerta and he's a professor of economics

at the London School of Economics. He's also the author of a research paper titled

The Beautiful Dataset.

We typically economists tend to use an economic approach to study human behavior,

meaning finance or economic growth or taxation or labor markets, etc.

But here is just the opposite.

It is not what economics can do for sports.

It's what the sports can do for economics. So I'd love to talk about some examples.

And maybe we can start with one from psychology, I guess, or maybe behavioral economics,

loss aversion and reference dependence. This is an idea from Nobel laureate Daniel Kahneman and his longtime research partner, Amos Tversky. And you talk about an example

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