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Episode 26: Travel Sports Meets Behavioral Finance (And It's Not Pretty) - Part 1
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The Overwhelming World of Youth Sports: A Behavioral Finance Perspective
In this episode of the Bryan Foltice Behavioral Finance Podcast, the discussion centers around the behavioral finance aspects of youth sports in the United States, highlighting the vast changes and increasing pressures families face.
Bryan shares personal experiences to underscore how youth sports commitment has escalated, consuming significant time and resources, contrasting it with more balanced approaches seen in other countries like Germany. Delving into the history of youth sports, he points out the shift from community-based, low-cost sports to a prevalent pay-to-play model post-2008 recession, leading to a 19 billion dollar industry built on parental overconfidence and hope. The podcast sheds light on the disproportionate beliefs vs. reality of athletic scholarships and the financial strains on families, aiming to pivot towards improving this unbalanced situation.
00:00 Introduction to the Podcast
00:31 The Hot Topic: Behavioral Finance Meets Youth Sports
05:29 A Week in the Life: The Overwhelming Schedule of Youth Sports
14:25 How Did We Get Here? The Evolution of Youth Sports
19:15 The Behavioral Finance Perspective: Overconfidence and Financial Strain
24:35 Concluding Thoughts and Next Steps
Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
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