If oversight is when a superior has the right to disapprove of an underling’s decision, what is “undersight”?
It’s my term for when an underling has the right to disapprove of a superior’s decision. It’s not surprising to see principal-agent contracts with oversight provisions, but in two recent statutes the lame duck Congress has arguably imposed undersight provisions on the President acting as our commander-in-chief.
My son visited the Walt Disney World complex in Florida and pointed out the methods used to spread demand temporally. Coupons for 30 percent discounts on restaurant food purchased before noon or between 3PM and 4:30PM are available. Merchandise coupons for 20 percent discounts are given for use between 9AM and noon. Both coupons are offered to shift demand rightward at non-peak times.
A few days before Christmas, a Houston woman placed her 3-month old girl in a baby swing and momentarily left the room. In her absence, one of the family’s nine dogs – a 150-lb Rottweiler – broke through the back door of the house and attacked the infant. Out of precaution, the mother had barricaded the back door with a “washing machine and slab of marble.” It was of no use. EMS reported that the girl’s chest was covered with deep lacerations. She died an hour later.
I will be attending the Annual Meeting of the American Economics Association in Denver this weekend and, if all goes according to plan, live-blogging it here (as well as fishing for ideas for future writing, radio, etc).
Our latest Freakonomics Radio segment on Marketplace concerns a topic we’ve been writing about for a long time: violent crime — and especially why it rises and falls. In this segment, Levitt and I discuss the fact that overall crime and violence are likely at a historic low these days, and not by a little bit either. The conversation builds off the fascinating new book by Steven Pinker called The Better Angels of Our Nature: Why Violence Has Declined.
Pinker has just completed a very good Q&A on our blog, and you’ll hear him in the Marketplace segment as well. Even though many people are convinced that the world today is more violent than ever (can you say “media effect”?), Pinker lays out the facts of the decline and fall of violence in a way that is hard to dispute:
A reader named Clark Case, who lives in Aurora, Ohio, and works as a product manager, writes in with a child-rearing observation.
Freakonomics reader Jerrod Savage sends in a couple images that seem to show a rather unwholesome advertising strategy. (Don Draper certainly wouldn’t ever pull something like this.) What happens when you reduce the size of a container of Nesquik chocolate syrup by 33 percent? You also reduce the sugar content by 33 percent, magically creating a healthy, low-sugar alternative!
How do you create the best master’s men’s swim team when the rules say that team members’ ages must sum to at least 200 years?
Ever wondered why so many prescription drug names are loaded with x’s and z’s? Scrabble gives a hint.
Next week, dutiful voters will head to the polls for elections. Among the jobs up for grabs are the Kentucky and Mississippi governorships, the mayorship of San Francisco, and a smattering of municipal and state positions across the country. In many of these races, incumbents are fighting to keep their seats.
In our latest Freakonomics Radio on Marketplace podcast (you can download/subscribe at iTunes, get the RSS feed, listen live via the media player above, or read the transcript), we examine the side effects that elections sometimes produce. Steve Levitt wrote about one such effect several years ago (here is the original study, and here’s an update): in mayoral and gubernatorial election years, police forces tend to grow and crime tends to fall.
As Stephen Dubner explains to Kai Ryssdal, incumbents’ incentives change when they run for re-election. They might try to perform better, hiring more police or lowering taxes. But they also might cater more to special interests, giving out election-time favors and even enabling illegal activities.
We went out in search of various election-year anomalies and found some pretty interesting stuff.