Patrick Smith, the author of Cockpit Confidential, answers every question we can throw at him about what really happens up in the air. Just don’t get him started on pilotless planes — or whether the autopilot is actually doing the flying.
When the uncelebrated Leicester City Football Club won the English Premier League, it wasn’t just the biggest underdog story in recent history. It was a sign of changing economics — and that other impossible, wonderful events might be lurking just around the corner.
On this week’s Freakonomics Radio, we meet a young Michigan couple who win a diamond at a charity event and then can’t decide what to do with it. Sell? Set it in a ring? Or stash it in the laundry room and just keep fighting about it? We also hear from Edward Jay Epstein, who wrote a book about trying to resell a diamond, and we learn the strange, shady history of how diamonds have come to be as “valuable” as they are.
This week on Freakonomics Radio, we were inspired by a fascinating research paper called “Suspense and Surprise” by the economists Jeffrey Ely, Alexander Frankel, and Emir Kamenica. We speak with all three of them about what makes a particular sport suspenseful (or boring), what makes a movie thrilling (or, as in the case of M. Night Shyamalan, increasingly not), and why these things are worth discussing within the realm of economics. We’ll also hear from practitioners of the art of suspense, including novelist Harlan Coben.
Our Self-Improvement Month concludes with a man whose entire life and career are one big pile of self-improvement. Nutrition? Check. Bizarre physical activities? Check. Working less and earning more? Check. Tim Ferriss, creator of the Four-Hour universe, may at first glance look like a charlatan, but it seems more likely that he’s a wizard — and the kind of self-improvement ally we all want on our side.
Season 5, Episode 30 This week, Freakonomics Radio expands on an idea from political theorist Benjamin Barber, who wrote If Mayors Ruled the World: Dysfunctional Nations, Rising Cities. Barber argues that cities are paragons of good governance — compared, at least, to nation-states — and that is largely due to their mayors. Mayors, Barber argues, are can-do people who inevitably cut through the . . .
Games are as old as civilization itself, and some people think they have huge social value regardless of whether you win or lose. Tom Whipple is not one of those people. That’s why he consulted an army of preposterously overqualified experts to find the secret to winning any game.
Season 5, Episode 29
This week on Freakonomics Radio we ask: what are the three hardest words to say? Conventional wisdom suggests “I love you.” But c’mon, people say that all the time. What about “I don’t know?” We’ll argue that our inability to say these words more often can have huge consequences.
Then, Stephen Dubner talks with Kevin Kelly, a self-described old hippie and onetime editor of hippiedom’s do-it-yourself bible, The Whole Earth Catalog, who went on to co-found Wired magazine, a beacon of the digital age.
The psychologist Angela Duckworth argues that a person’s level of stick-to-itiveness is directly related to their level of success. No big surprise there. But grit, she says, isn’t something you’re born with — it can be learned. Here’s how.
“Books are a pain in the ass,” says Gladwell, who has written some of the most popular, influential, and beloved non-fiction books in recent history. In this wide-ranging and candid conversation, he describes other pains in the ass — as well as his passions, his limits, and why he’ll never take up golf.
In our recent Freakonomics Radio episode “How to Become Great at Just About Anything,” we spoke with K. Anders Ericsson, a research psychologist who has spent more than 30 years studying expert performers in many fields — music, sports, chess, surgery, teaching, writing, and more. Ericsson’s recent book is called Peak: Secrets from the New Science of Expertise. It has inspired us to try launching a Freakonomics spinoff podcast, called (for now) Peak.
What if the thing we call “talent” is grotesquely overrated? And what if deliberate practice is the secret to excellence? Those are the claims of the research psychologist Anders Ericsson, who has been studying the science of expertise for decades. He tells us everything he’s learned.
Season 5, Episode 27
On this week’s Freakonomics Radio: a lot of full-time jobs in the modern economy simply don’t pay a living wage. And even those jobs may be obliterated by new technologies. What’s to be done so that financially vulnerable people aren’t just crushed? It may finally be time for an idea that economists have promoted for decades: a guaranteed basic income.
Also, what is the long-term impact of suddenly acquiring a valuable asset? An 1832 land lottery in Georgia randomly rewarded roughly 20 percent of its participants with a large tract of land. Two researchers used U.S. Census data to track how this new wealth changed the lives of these families.
It’s Self-Improvement Month at Freakonomics Radio. We begin with a topic that seems to be on everyone’s mind: how to get more done in less time. First, however, a warning: there’s a big difference between being busy and being productive.
Season 5, Episode 26
This week on Freakonomics Radio: critics — including President Obama — say short-term, high-interest loans are predatory, trapping borrowers in a cycle of debt. But some economists see them as a useful, if expensive, financial instrument for people who might otherwise not have access to cash. As the Consumer Financial Protection Bureau promotes new regulation, we ask: who’s right?
To learn more, check out the podcast from which this hour was drawn: “Are Payday Loans Really as Evil as People Say?“
A lot of full-time jobs in the modern economy simply don’t pay a living wage. And even those jobs may be obliterated by new technologies. What’s to be done so that financially vulnerable people aren’t just crushed? It may finally be time for an idea that economists have promoted for decades: a guaranteed basic income.
Season 5, Episode 25
This week on Freakonomics Radio, what’s “the perfect crime?” It turns out that if you are driving your car and run over a pedestrian, there’s a good chance — especially if you live in New York — that you’ll barely be punished. Why?
Also, where have all the hitchhikers gone? Thumbing a ride used to be commonplace. Now you’re more likely to see it happen in the opening scene of a slasher movie. Maybe that explains it.
Critics — including President Obama — say short-term, high-interest loans are predatory, trapping borrowers in a cycle of debt. But some economists see them as a useful financial instrument for people who need them. As the Consumer Financial Protection Bureau promotes new regulation, we ask: who’s right?
Season 5, Episode 24
This hour of Freakonomics Radio is all about tipping. As we all know, the practice of tipping can be awkward, random, and confusing. What you might not know is that it is discriminatory, and according to at least one academic’s research, correlates with corruption. We talk with a professor who has written over 50 papers on the subject.
Then, we explore the warped restaurant business model: kitchen wages are too low to hire cooks, while diners are put in charge of paying the waitstaff. So what happens if you eliminate tipping, raise menu prices, and redistribute the wealth? New York restaurant maverick Danny Meyer is about to find out.
People who sleep better earn more money. Now all we have to do is teach everyone to sleep better.
Season 5, Episode 23
This week on Freakonomics Radio: Junior U.S. Senator from New Jersey Cory Booker thinks bipartisanship is right around the corner. Is he just an idealistic newbie or does he see a way forward that everyone else has missed?
Then, as sexy as the digital revolution may be, it can’t compare to the Second Industrial Revolution (electricity! the gas engine! antibiotics!), which created the biggest standard-of-living boost in U.S. history. The only problem, argues the economist Robert Gordon, is that the Second Industrial Revolution was a one-time event.
Could a lack of sleep help explain why some people get much sicker than others?
Season 5, Episode 22 As we learned in last week’s episode, Cognitive Behavioral Therapy (CBT) has been effective in reducing criminal behavior among teenagers in Chicago and former child soldiers in Liberia. This week we go to England, where behavioral-therapy workshops for low-level domestic violence offenders have achieved a 40 percent reduction in repeat incidents of abuse. We also talk . . .
As sexy as the digital revolution may be, it can’t compare to the Second Industrial Revolution (electricity! the gas engine! antibiotics!), which created the biggest standard-of-living boost in U.S. history. The only problem, argues the economist Robert Gordon, is that the Second Industrial Revolution was a one-time event. So what happens next?
Season 5, Episode 21
On this week’s episode of Freakonomics Radio: conventional crime-prevention programs tend to be expensive, onerous, and ineffective. Could something as simple (and cheap) as cognitive behavioral therapy (CBT) do the trick? First we go to Chicago, where at-risk teenagers who learn to be less impulsive have lower dropout and arrest rates.
Then, we take a look at Liberia, where a former child soldier and a team of researchers pair CBT with a cash incentive to help other former soldiers become productive citizens in peacetime.
The restaurant business model is warped: kitchen wages are too low to hire cooks, while diners are put in charge of paying the waitstaff. So what happens if you eliminate tipping, raise menu prices, and redistribute the wealth? New York restaurant maverick Danny Meyer is about to find out.
Season 5, Episode 20
On this week’s episode of Freakonomics Radio: Doctors, chefs, and other experts are much more likely than the rest of us to buy store-brand products. What do they know that we don’t? And if we all did like they do, how much fatter might our wallets be?
Then, imagine a fantasy world that’s exactly as the world is today except that two things are missing: alcohol and marijuana. And then imagine that tomorrow, both of them are discovered. What happens now? How are each of them used – and, perhaps more importantly, regulated? How would we weigh the relative benefits and costs of alcohol versus marijuana?
The junior U.S. Senator from New Jersey thinks bipartisanship is right around the corner. Is he just an idealistic newbie or does he see a way forward that everyone else has missed?
Season 5, Episode 19
On this week’s episode of Freakonomics Radio: We spend billions of dollars on end-of-life healthcare that often doesn’t do much good. So what if a patient could forego the standard treatment and get a cash rebate instead?
Also, the war on cigarettes has been fairly successful in some places. In the U.S., the smoking rate has fallen by more than half. But a billion humans still smoke, so what comes next?
Now and again, Freakonomics Radio puts hat in hand and asks listeners to donate to the public-radio station that produces the show. Why on earth should anyone pay good money for something that can be had for free?
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, a self-described old hippie and onetime editor of hippiedom’s do-it-yourself bible, 
