Daniel Altman is the owner of North Yard Analytics LLC, a sports data consulting firm, and an adjunct associate professor of economics at New York University’s Stern School of Business.
NEW YORK, NY - AUGUST 21: Traders work on the floor of the New York Stock Exchange (NYSE) on August 21, 2015 in New York City. The Dow fell over 500 points in trading today as global markets continue to react to economic events in China. (Photo by Spencer Platt/Getty Images)
FLORENCE, ITALY - JANUARY 04: Mayor of Florence and leader of the Democratic Party (PD) Matteo Renzi attends the First PD Secretariat Meeting on January 4, 2014 in Florence, Italy. Matteo Renzi who won the PD primary elections with 68% of votes last December wants to give a new direction to Italian politics. (Photo by Laura Lezza/Getty Images)
NEW YORK, NY - JULY 13: Democratic presidential candidate Hillary Clinton speaks at The New School on July 13, 2015 in New York City. Clinton used her first major policy speech to outline her economic vision for the U.S., including a fight for higher wages. (Photo by Andrew Burton/Getty Images)
CANNES, FRANCE - NOVEMBER 02: German Chancellor Angela Merkel reacts as she attends a press conference after a meeting with Greek Prime Minister George Papandreou, the French President Nicolas Sarkozy and EU and IMF representatives over Eurozone bailout plan ahead of the G20 summit on November 2, 2011 in Cannes, France. World's top economic leaders will attend to the G20 summit in Cannes on November 3rd and 4th. The leaders are expected to debate current issues surrounding the global financial system in the hope of fending off a global recession and finding an answer to the Eurozone crisis. (Photo by David Ramos/Getty Images)
NEW YORK, NY - JULY 13: Democratic presidential candidate Hillary Clinton speaks at The New School on July 13, 2015 in New York City. Clinton used her first major policy speech to outline her economic vision for the U.S., including a fight for higher wages. (Photo by Andrew Burton/Getty Images)
An investor looks at a board displaying share prices at a security firm in Shanghai on July 1, 2015. Shanghai shares closed down more than five percent on July 1, resuming their downward trajectory a day after recording their biggest gains in more than six years. AFP PHOTO CHINA OUT (Photo credit should read STR/AFP/Getty Images)
NEW YORK - NOVEMBER 14: Traders work on the floor of the New York Stock Exchange (NYSE) seconds before the closing bell November 14, 2008 in New York City. The Dow dropped over 300 points in the last minutes of trading, bringing an end to another volatile week on Wall Street. (Photo by Spencer Platt/Getty Images)
NEW YORK - FEBRUARY 16: A trader works on the floor of New York Stock Exchange February 16, 2005 in New York City. The dollar fell against the euro even after Federal Reserve Chairman Alan Greenspan announced further hikes in U.S. interest rates. (Photo by Mario Tama/Getty Images)
KENDALL, FL - MARCH 07: Ileana Garcia looks in her wallet for credit cards she wants to melt over a hot plate as she tries to dig herself out of credit card debt during a sermon by Kevin Cross about faith-based financial management at the Miami Vineyard Community Church on March 7, 2009 in Kendall, Florida. Cross preaches to people about the biblical principles of money management with his idea of steps that should be taken for handling finances to glorify and honor God. With the economic hard times that have fallen upon many people, churches around the country are trying new programs such as Cross's Margin and Meaning events, to guide people out of their debt and get back on their feet financially. (Photo by Joe Raedle/Getty Images)
