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Episode 12

Is America Ready for a “No-Lose Lottery”? (Update)

…in a savings account. But we do love to play the lottery. So what if you combine the two, creating a new kind of savings account with a lottery payout?…

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Episode 13

The “No-Lose Lottery,” Part 2

It’s the banking tool that got millions of people around the world to stop wasting money on the lottery. So why won’t state and federal officials in the U.S. give…

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Episode 12

Is America Ready for a “No-Lose Lottery”?

…in a savings account. We do, however, love to play the lottery. So what if you combined the two, creating a new kind of savings account with a lottery payout?…

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Episode 72

Lottery Loopholes and Deadly Doctors

…of financial illiterates? This is a “mashupdate” of “Is America Ready for a “No-Lose Lottery”?,” “The “No-Lose Lottery,” Part 2,” and “What Do Hand-Washing and Financial Illiteracy Have in Common?”…

Another No-Lose Lottery

…year’s lucky winner of $100,000. The “no-lose lottery,” a savings program with a lottery element, was brought to the U.S. by Harvard Business School professor Peter Tufano, who will soon…




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Episode 139

Would a Big Bucket of Cash Really Change Your Life?

A 19th-century Georgia land lottery may have something to teach us about today’s income inequality.

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Episode 361

Freakonomics Radio Live: “Jesus Could Have Been a Pigeon.”

Our co-host is Grit author Angela Duckworth, and we learn fascinating, Freakonomical facts from a parade of guests. For instance: what we all get wrong about Darwin; what an iPod…

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Episode 55

This Vaccine Lottery Seemed Like a Great Idea. Why Didn’t it Work?

Behavioral economists say “regret lotteries” are powerful motivational tools. When Philadelphia tried one in 2021, the results were disappointing. Bapu looks at how incentives can backfire — and what we…

Cracking the Lottery Code

…more to be said — a lot more that has been said, on this blog — about lotteries; and there’s also the no-lose lottery to consider. (HT: Johnny Tullner) [%comments]…





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Episode 181

What’s So Great About Meritocracy?

Do you really deserve the credit for your accomplishments? Should college admissions be determined by lottery? And how did Mike’s contribution to a charity auction change his life?…

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Episode 70

You Make Me Feel Like a Natural Experiment

Nobel Prize winner Joshua Angrist explains how the draft lottery, the Talmud, and West Point let economists ask — and answer — tough questions….

Lottery Breakage

…raise it, knowing that few people who play the lottery know or care? Will they make it lower in order to attract players from other states? All lottery comments welcome….



Using Lottery Payouts to Fight Tax Evasion?

(Photo: Kenneth Lu) Yesterday we gave an update on how attaching a lottery payout to bank accounts can help people save more money. A reader named Drew writes in about…



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Episode 66

Does Health Insurance Make You Healthier?

It’s a surprisingly hard question to answer. Bapu talks with a health economist about a natural experiment that led to some unexpected findings….

Cheating Isn’t Always the Explanation

…to do with humans: television shows, pattern plays, lottery columns.” Earlier that month, an ABC television show, “Lost,” included a sequence of winning lottery numbers. The combination didn’t match the…




Very Long Odds in the Israeli Lottery

A funny thing happened in Israel last week. The winning state lottery numbers were the same as the numbers drawn three weeks earlier. Lottery officials denied allegations of rigging: “We…



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Episode 185

Do You Need Closure?

What’s the best way to carry out random acts of kindness? What’s wrong with making an “Irish exit”? And why is Mike secretly buying lottery tickets?…


Losing Is Not a Winning Strategy in the NBA

…near future than a loser. And that means if your team is actually trying to build a loser (i.e. avoid the mediocrity treadmill), they are reducing their chances to contend….




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Episode 569

Do You Need Closure?

In a special episode of No Stupid Questions, Angela Duckworth and Mike Maughan talk about unfinished tasks, recurring arguments, and Irish goodbyes….

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Episode 30

Dambisa Moyo Says Foreign Aid Can’t Solve Problems, but Maybe Corporations Can

The African-born economist has written four bestselling books, including Dead Aid, which Bill Gates described as “promoting evil.” In her new book about corporate boards, Dambisa uses her experience with…


Another Lottery Idea Worth Considering?

…interest to award regular big cash prizes to random account holders. The idea is to offer the thrill of the lottery with the principal-retaining properties of a savings or bond…



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Episode 201

Are You Dreaming Too Big?

Are fantasies helpful or harmful? How is daydreaming like a drug? And what did Angela fantasize about during ninth-grade English class?…

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Episode 141

How to Raise Money Without Killing a Kitten (Replay)

The science of what works — and doesn’t work — in fundraising