Teaching Economics with Media
When teams request public funding for new stadiums, they often do so with the threat of relocating to a city that is eager for a team. These credible threats must be without a team (either never having one or recently lost one) and are willing to put up the money to support a team. With a credible threat in place, host cities are often left with the option of paying large public subsidies.
Ron White describes how his state is different than California and one of those ways is through the use of the death penalty. In other states, they may be trying to cut back on the use of the death penalty for heinous crimes, but Texas appears to be trying to put in an express lane. The death penalty, while controversial, is often used by states as a credible threat and a deterrence mechanism in order to reduce future crime.
In the great British game show, Golden Balls, contestants must decide whether to cooperate with each other or be devious. The dramatic outcome of the game (replicated here) is that one will steal and the other will be honest. This variant of the game has a unique twist to ensure cooperation.