Greg Mankiw:
Justin Wolfers says that, by the logic of game theory, the losing Superbowl coach does not deserve all the opprobrium he has been getting. I have been thinking the same thing.
The Seahawks should have given the ball to Marshawn Lynch. What could go horribly wrong in that situation (he fumbles less than 3 times per year)?
And how can we take seriously an economist (Wolfers) who starts off like this?
It’s the biggest moment in your N.F.L. coaching career: 26 seconds remain in the Super Bowl, your team is 4 points behind, you have the ball just one yard short of the end zone, it’s second down, and your team has arguably the N.F.L.’s best running back. What’s your call? Run or pass?
Ahem. My guess is that Pete Carroll's biggest moment in his NFL coaching career was during the 2014 Super Bowl. By the law of diminishing marginal returns the value of this moment is lower.
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