The Outsider the WNBA Cannot Forgive: The Caitlin Clark Problem

There is an old principle, which economists call revealed preference, holding that we discover what people truly value not from what they announce but from what they do. A man may say he prefers the symphony, but if every free evening finds him at the ballpark, we have learned something his words concealed. Institutions reveal themselves the same way. A league may praise its brightest star, sell her jersey, and run her highlights, and yet, if we watch what it does when she is knocked to the floor and when its honors are handed out.... Let us begin with the...