This Is What I Call Being Risk-Averse

Two economists walk into a Las Vegas casino. They ask to place a $2,500 bet on the Chicago White Sox to win more than half their games this year. The reply from the casino? That's too risky.

A New Method to the Freakonomics Madness

Contributor Ian Ayres sees two subtle shifts in methodology between Freakonomics and SuperFreakonomics.

Experiments in Business

Here’s an article in today’s Financial Times about a class on business experimentation that John List and I taught at the Booth School of Business. It does a nice job of laying out our philosophy regarding data and experiments. Thankfully, the reporter did not mention that most of the students hated the class.

Vote Now on the Prisoner’s Dilemma Contest

We recently posted a contest, asking readers to choose the one question they’d ask if picking a partner to play the Prisoner’s Dilemma. I did not expect this contest to generate more than 350 replies. Picking the single best out of 350 seemed impossible, so I thought we should winnow it down to the Top […]

‘Put Your Money Where Your Butt Is’

That’s the clever title of the latest paper from Dean Karlan (one of the founders of StickK.com, who was featured in this New York Times Magazine article yesterday along with my colleague John List) and co-authors Xavier Giné and Jonathan Zinman. The researchers had surveyors approach people on the streets of the Philippines and offer […]