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Re:How and Why Athletes Go Broke (2009) by tw1010 on Friday February 09, 2018 @01:15PM (#16342499)
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?
Re:How and Why Athletes Go Broke (2009) by andrepd on Friday February 09, 2018 @01:22PM (#16342567)
What's your basis for saying athletes have impulsive personalities?
Re:How and Why Athletes Go Broke (2009) by ch4s3 on Friday February 09, 2018 @01:30PM (#16342635)
Perhaps 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.

Re:How and Why Athletes Go Broke (2009) by 1jojojo on Friday February 09, 2018 @02:38PM (#16343207)
Being a star athlete is highly correlated with having a risk insensitive personality.

According to whom?

Re:How and Why Athletes Go Broke (2009) by ch4s3 on Friday February 09, 2018 @04:12PM (#16343869)
Ahh, 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.

Re:How and Why Athletes Go Broke (2009) by specialist on Friday February 09, 2018 @04:37PM (#16344044)
Please stop explaining yourself. They're trolling you.
Re:How and Why Athletes Go Broke (2009) by 1jojojo on Friday February 16, 2018 @05:01PM (#16396870)
I'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.
Re:How and Why Athletes Go Broke (2009) by ch4s3 on Friday February 09, 2018 @07:42PM (#16345103)
I don't really mind, and it was only one comment. I'm happy to explain myself when I can add clarity.
Re:How and Why Athletes Go Broke (2009) by emodendroket on Saturday February 10, 2018 @12:55AM (#16346110)
The 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."

Re:How and Why Athletes Go Broke (2009) by robotresearcher on Friday February 09, 2018 @01:35PM (#16342682)
Maybe 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.

Re:How and Why Athletes Go Broke (2009) by xapata on Friday February 09, 2018 @01:30PM (#16342638)
Athletes almost by necessity must have a sort of magical thinking -- they must pursue their careers with determination, despite very low chance of success.
Re:How and Why Athletes Go Broke (2009) by elchief on Friday February 09, 2018 @01:47PM (#16342811)
There's a strong correlation between testosterone and risk-taking. And there's a strong correlation between being a superstar athlete and testosterone
Re:How and Why Athletes Go Broke (2009) by efa on Friday February 09, 2018 @03:06PM (#16343422)
The news.
Re:How and Why Athletes Go Broke (2009) by manigandham on Friday February 09, 2018 @01:28PM (#16342619)
...because many go broke?