Some of our most important decisions are shaped by something as random as the order in which we make them. The gambler’s fallacy, as it’s known, affects loan officers, federal judges — and probably you too. How to avoid it? The first step is to admit just how fallible we all are.
Did you know the army once tried to replace its mules with camels? Join author Simon Winchester, social-media scholar danah boyd and comedian Chris Gethard for more tales from the natural world, including marine animals that will either live forever or kill you (or both), as well as the wonders of poop soup.
Season 6, Episode 10 When you take a sip of Cabernet, what are you tasting? The grape? The tannins? The oak barrel? Or the price? Believe it or not, the most dominant flavor may be the dollars. Thanks to the work of some intrepid and wine-obsessed economists (yes, there is an American Association of Wine Economists), we are starting to . . .
Societies where people trust one another are healthier and wealthier. In the U.S. (and the U.K. and elsewhere), social trust has been falling for decades — in part because our populations are more diverse. What can we do to fix it?
Did you know there is one particularly dangerous time of day to vote? If not, you’re not alone. Neither did the celebrity panelists on the first episode of Tell Me Something I Don’t Know: Debora Spar, president of Barnard College; Anthony Marx, president of the New York Public Library; and Andy Zaltzman, comedian.
Season 6, Episode 9 You have perhaps come across the phrase homo economicus, which describes a model for human behavior as seen through the lens of economics. In this hour, you’ll hear Freakonomics Radio producer Greg Rosalsky embark on a long and tortuous process to live his life like homo economicus. Is this even possible? If so, is it desirable? . . .
A tiny behavioral-sciences startup is trying to improve the way federal agencies do their work. Considering the size (and habits) of most federal agencies, this isn’t so simple. But after a series of early victories — and a helpful executive order from President Obama — they are well on their way.
Season 6, Episode 8 Sure, we all pay lip service to the Madisonian system of checks and balances. But as one legal scholar argues, presidents have been running roughshod over the system for decades. The result? An accumulation of power that’s turned the presidency into a position the founders wouldn’t have recognized. At the same time, how powerful is the . . .
What do Renaissance painting, civil-rights movements, and Olympic cycling have in common? In each case, huge breakthroughs came from taking tiny steps. In a world where everyone is looking for the next moonshot, we shouldn’t ignore the power of incrementalism.
Season 6, Episode 7 On this week’s episode of Freakonomics Radio: Why would anyone want to think like a child? Aren’t kids just sloppy, inchoate versions of us? Hardly. As Stephen Dubner and Steve Levitt describe in their book Think Like a Freak, it can be very fruitful to think like a child. And then, how can we get kids to eat healthier . . .
Has our culture’s obsession with innovation led us to neglect the fact that things also need to be taken care of?
Season 6, Episode 6 First up: what are the factors that make a given person more or less likely to have children? And is the global population really going to double by the next century? Probably not. And then: “That’s a great question!” You hear this phrase in all kinds of media interviews, during the Q&A portion of tech and . . .
Neuroscientists still have a great deal to learn about the human brain. One recent MRI study sheds some light, finding that that a certain kind of storytelling stimulates enormous activity across broad swaths of the brain. The takeaway is obvious: you should be listening to even more podcasts.
The gist: the Nobel selection process is famously secretive (and conducted in Swedish!) but we pry the lid off, at least a little bit.
Season 6, Episode 4 This week on Freakonomics Radio: an in-depth interview with Drew Gilpin Faust, who was installed as the president of Harvard University in 2007. Stephen Dubner explores how a (self-described) “pain-in-the-neck” little girl from rural Virginia came to run the most powerful university in the world. Plus, what is the true value these days of a college education? We hear . . .
It facilitates crime, bribery, and tax evasion – and yet some governments (including ours) are printing more cash than ever. Other countries, meanwhile, are ditching cash entirely. And if Star Trek is right, we won’t have money of any sort in the 24th century.
Season 6, Episode 3 Gary Johnson, the Libertarian Party’s presidential candidate, likes to say that most Americans are libertarians but don’t know it yet. So why can’t Libertarians (and other third parties) gain more political traction? To find out more, check out the podcast from which this hour was drawn: “Ten Signs You Might Be a Libertarian.” You can . . .
Sure, we all pay lip service to the Madisonian system of checks and balances. But as one legal scholar argues, presidents have been running roughshod over the system for decades. The result? An accumulation of power that’s turned the presidency into a position the founders wouldn’t have recognized.
Season 6, Episode 2 This week on Freakonomics Radio: When one athlete turned pro, his mom asked him for $1 million. Our modern sensibilities tell us she doesn’t have a case. But does she? Plus, Steve Levitt talks about what he learned from his dad, good and bad. Next, Stephen Dubner shares one of the best lessons he ever learned, over a diner meal with . . .
Gary Johnson, the Libertarian Party’s presidential candidate, likes to say that most Americans are libertarians but don’t know it yet. So why can’t Libertarians (and other third parties) gain more political traction?
Season 6, Episode 1 We Americans may love our democracy — at least in theory — but at the moment our feelings toward the Federal government lie somewhere between disdain and hatred. Which electoral and political ideas should be killed off to make way for a saner system? This episode features ideas from Olympia Snowe, Howard Dean, Joaquin Castro, Eric Posner, Bruce Ackerman, Kathleen . . .
To you, it’s just a ride-sharing app that gets you where you’re going. But to an economist, Uber is a massive repository of moment-by-moment data that is helping answer some of the field’s most elusive questions.
Season 5, Episode 46 On this week’s episode of Freakonomics Radio, a live game show with host Stephen Dubner, and judges Malcolm Gladwell, Ana Gasteyer, and David Paterson. Audience members are invited onstage to tell us something we didn’t know. We learn a bit, laugh a lot, and as a bonus, each of the judges tell us something about themselves we didn’t . . .
Internet pioneer Kevin Kelly tries to predict the future by identifying what’s truly inevitable. How worried should we be? Yes, robots will probably take your job — but the future will still be pretty great.
Season 5, Episode 45 On this week’s episode of Freakonomics Radio: The argument for open borders is compelling — and deeply problematic. We hear from economists for and against the argument, as well as immigrants, including former U.S. Secretary of State Madeleine Albright. To learn more, check out the podcast from which this hour was drawn: “Is Migration a Basic . . .
The gist: we spend billions on end-of-life healthcare that doesn’t do much good. So what if a patient could forego the standard treatment and get a cash rebate instead?
Season 5, Episode 44 This week on Freakonomics Radio, how to win a Nobel Prize. Host Stephen Dubner talks with Per Stromberg, one of the people who choose the winner of the Nobel Prize in Economics. And we learn as many of his secrets as we can pry out of him. Then, what happens after you win the coveted Nobel Prize? First, . . .
The comedian, actor — and now, author — answers our FREAK-quently Asked Questions.
Standing in line represents a particularly sloppy — and frustrating — way for supply and demand to meet. Why haven’t we found a better way to get what we want? Is it possible that we secretly enjoy waiting in line? And might it even be (gulp) good for us?
Season 5, Episode 42 This week on Freakonomics Radio, in our collective zeal to reform schools and close the achievement gap, we may have lost sight of where most learning really happens — at home. Dana Suskind of the Thirty Million Words Initiative works with parents in their homes to teach them the best ways of helping their babies learn language. . . .
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