Michael Munger of Duke University talks with EconTalk host Russ Roberts about the role of formal rules and informal rules in sports. Many sports restrain violence and retaliation through formal rules while in others, protective equipment is used to reduce injury. In all sports, codes of conduct emerge to deal with violence and unobserved violations of formal rules. Munger explores the interaction of these forces across different sports and how they relate to insights of Coase and Hayek. ATSRTWT!
UPDATE: A.R. comments over at the podcast about the "greatest scandal in the history of cricket." Just being able to type that phrase made my whole day. "Cricket scandal" is an excellent start to any paragraph. And then the scandal does in fact turn out to be extremely interesting. Reading the first paragraph of this, I realized that I am painfully ignorant of cricket. But this is a bit easier to understand. This is more serious. And very interesting. Thanks, Aswin!
UPDATE II: Ghostbusters! "More like a guideline than a rule..." at 0:14. WARNING: NSFW! Her request is rather indelicate. (Nod to WH)