SMRs and AMRs

Friday, January 15, 2010

What Price Vikings Fandom? Funny You Should Ask

Economists Say It's $530.65, Silly Horns Not Included
By CONOR DOUGHERTY
WSJ

MINNEAPOLIS—Christopher Slinde, a lifetime Minnesota Vikings fan who has endured decades of heartbreak and lots of overpriced beer in supporting his team, believes Vikings fandom is priceless. According to economists, it's worth $530.65.

"This is deep," said Mr. Slinde, a 33-year-old X-ray technician, outside the Park Tavern near Minneapolis on Sunday. He had been handed a recent economics paper that is tattooed with equations and attempts to value, in dollars, the joy and pain Minnesotans get from the Vikings.

"Don't economists spend their time on more serious stuff?" he asked, after thumbing through the paper in the cold.

As fans pack stadiums and couches to watch the National Football League's divisional playoffs this weekend, they care about victory. Economists are tackling a more abstract challenge: putting a price on the emotional benefits of having a pro sports team in town.

(Continued here.)

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