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…
…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?…
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…
…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?…
…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?”…
…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…
…trip to the NBA’s lottery. After all of these lottery picks, the Bobcats finally made the playoffs in 2010. That Bobcat team – the best in franchise history – only…
A 19th-century Georgia land lottery may have something to teach us about today’s income inequality.
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…
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…
…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]…
…Virginia, New York, Georgia, Maryland, New Jersey, Connecticut, and Michigan.) There’s also a “no-lose lottery” gaining a bit of ground, which we discussed in a two–part podcast not long ago….
…that one. We explained the irresistible appeal of skewness (and the lottery) in our Freakonomics Radio podcast “The No-Lose Lottery.” In that episode, we also introduced a new financial product…
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?…
Nobel Prize winner Joshua Angrist explains how the draft lottery, the Talmud, and West Point let economists ask — and answer — tough questions….
…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….
(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…
It’s a surprisingly hard question to answer. Bapu talks with a health economist about a natural experiment that led to some unexpected findings….
…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…
(iStockphoto) In the Boston Globe, Andrea Estes and Scott Allen write about how people have been taking advantage of a statistical quirk in the rules of an obscure Massachusetts 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…
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?…
…Washington used a lottery to assist in the funding of the Continental Army and purchased the first ticket for a federal lottery— sponsored to finance improvements in Washington, D.C. —…
…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….
If voting were as much fun as playing the lottery, a lot more people would probably vote. Some folks in Arizona are trying to do something to make voting more…
In a special episode of No Stupid Questions, Angela Duckworth and Mike Maughan talk about unfinished tasks, recurring arguments, and Irish goodbyes….
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…
…Here’s the abstract: In 2008, a group of uninsured low-income adults in Oregon was selected by lottery to be given the chance to apply for Medicaid. This lottery provides a…
…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…
Are fantasies helpful or harmful? How is daydreaming like a drug? And what did Angela fantasize about during ninth-grade English class?…
The science of what works — and doesn’t work — in fundraising