Why are the vast majority of Karate instructors below average? George Akerlof’s research on information asymmetry explains this apparent mathematical impossibility. Continue reading Is Your Sensei a Lemon? Uncertainty and the Karate Market
So you visited the local Karate dojo. You enjoyed the free introductory class, and you’re ready to enroll. One minor detail stands between you and black belt prowess: The Contract.
Let me tell you a dirty little secret about black belts. They have no particular meaning at all. Continue reading Do You Have Black Belt Envy?