The Rise of the Prize
…Orteig prize and the resultant Atlantic crossing kick-started the aviation industry, argues Peter Diamandis, founder of the X Prize Foundation (an innovative charity aiming to revive incentive prizes) and led…
The process is famously secretive (and conducted in Swedish!) but we pry the lid off at least a little bit.
The gist: the Nobel selection process is famously secretive (and conducted in Swedish!) but we pry the lid off, at least a little bit.
You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics…
You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics…
Is it enough to toss a soda can in the recycling? Why is Maria obsessed with Nobel Prize lectures? And wait — is that a news alert or a tiger?…
Most people don’t enjoy the simple, boring act of putting money in a savings account. But we do love to play the lottery. So what if you combine the two,…
…Orteig prize and the resultant Atlantic crossing kick-started the aviation industry, argues Peter Diamandis, founder of the X Prize Foundation (an innovative charity aiming to revive incentive prizes) and led…
…you win or lose. Tom Whipple is not one of those people. That’s why he consulted an army of preposterously overqualified experts to find the secret to winning any game….
…you win or lose. Tom Whipple is not one of those people. That’s why he consulted an army of preposterously overqualified experts to find the secret to winning any game….
…an economists’ prize (after all, economists are self-interested). This award demonstrates, in a way that no previous prize has, that the prize is moving toward a Nobel in Social Science,…
…Number of Teams Win 55 or more games 60 Win 50 or more games 88 Win 40 to 49 games (or “pretty good”) 39 Win 30 to 39 games 15…
Sure, markets work well in general. But for some transactions — like school admissions and organ transplants — money alone can’t solve the problem. That’s when you need a market-design…
Sure, markets generally work well. But for some transactions — like school admissions and organ transplants — money alone can’t solve the problem. That’s when you need a market-design wizard…
…economics program there is roughly a one percent chance you will eventually win a Nobel prize. There are four gold medals in luge handed out every four years (1 each…
What do you do when smart people keep making stupid mistakes? And: are we a nation of financial illiterates? This is a “mashupdate” of “Is America Ready for a “No-Lose…
For the most part, Americans don’t like the simple,boring act of putting money in a savings account. We do, however, love to play the lottery. So what if you combined…
Sure, markets generally work well. But for some transactions — like school admissions and organ transplants — money alone can’t solve the problem. That’s when you need a market-design wizard…
What happens when an existentially depressed and recently widowed young physicist from Queens gets a fresh start in California? We follow Richard Feynman out west, to explore his long and…
…than a Nobel prize? My rough guess is that there are about 100,000 teachers in the Chicago area. So one in 10,000 teachers wins the prize. By comparison, the pool…
John Mackey, the C.E.O. of Whole Foods, has learned the perils of speaking his mind. But he still says what he thinks about everything from “conscious leadership” to the behavioral…
Are highly effective people quicker to share credit? What does poverty do to your brain? And how did Stephen’s mother teach him about opportunity costs? Plus: an announcement about the…
The psychologist Daniel Kahneman — a Nobel laureate and the author of Thinking, Fast and Slow — recently died at age 90. Along with his collaborator Amos Tversky, he changed…
Starting in the late 1960s, the Israeli psychologists Amos Tversky and Danny Kahneman began to redefine how the human mind actually works. Michael Lewis’s new book The Undoing Project explains…
…the presidency to win the Nobel Peace Prize. Al Gore, who shared the Prize two years ago with the Intergovernmental Panel on Climate Change, had spent years banging the drum…
When the uncelebrated Leicester City Football Club won the English Premier League, it wasn’t just the biggest underdog story in recent history. It was a sign of changing economics —…
…Prize in Economic Sciences in Memory of Alfred Nobel. There are continuing arguments as to whether the economics award should in fact be called a “Nobel Prize.” While we sympathize…
…weeks, just in case they win. Many of these economists have no chance whatsoever of winning. 4) Both Ladbrokes and InTrade allow betting on who will win the Economics Nobel…
Nobel Prize winner Joshua Angrist explains how the draft lottery, the Talmud, and West Point let economists ask — and answer — tough questions….
…Nobel Committee for its Peace Prize? (HT: Ravin R. Pierre) *Technically not a Nobel Prize like those in chemistry, physics, and literature, but the Sveriges Riksbank Prize in Economic Sciences…
…Leo Hurwicz, who shared the prize.) The prize was “for having laid the foundations of mechanism design theory.” Mechanism design formalizes ways of thinking about how a social planner, manager,…
