Tiger Woods and the Economics of Feeling Good
April 6, 2010 § 4 Comments
Champion golfer Tiger Woods is set to make his return to golf at this week’s Masters golf tournament. By now, I’m sure most of you have been informed of Woods’ numerous personal failings. Some say that these things are between Tiger and his wife; we should stay away from them and just let him play golf. Others feel that once Tiger Woods rediscovers success on the course, people will just overlook his personal side and cheer for him once again.
It is the second point that leaves me pondered. People tend to overlook things when they are feeling good about something. People gave Bill Clinton a pass on his scandal because the economy was very good under his stewardship. CEOs of big companies get paid more during good economic times, even though their performances are way below par in relative terms. Finally, superstar athletes can make people forget about their transgressions by simply winning tournaments or accolades. I know no one is perfect and we shouldn’t cast stones on others. But I don’t think winning equates redemption.