I like this question: If you keep a folder of important/embarrassing material on your computer’s desktop (or I guess a real desktop, even) and want to make sure that no one ever opens it, what’s the best name to give the folder? “Actuarial Test Prep” maybe? Suggestions, please. Also, does anyone know the name for this dilemma? ADDENDUM: Thanks . . .
As I type these words, the biggest insider-trading trial in years, that of Raj Rajaratnam, has just gone to the jury. I haven’t followed the trial too closely, but the gist is evident: the line between “insider trading” and the legitimate, if sharp-elbowed, acquisition of useful trading information is extremely blurry. This is hardly the only insider case at the moment. Preet Bharara, U.S. Attorney for the Southern District of New York, famously said last fall that “illegal insider trading is rampant and may even be on the rise.” So it seemed a good time to put together a Freakonomics Quorum and ask a couple of straightforward questions.
Not long ago, Levitt solicited your questions for the economist Gary Becker. Dubner interviewed Becker for a new project called Expert Insight (see BusinessWeek writeup here), whereby various “experts” — in economics, poker, golf, etc. — can be booked for web-chats. Becker is, as always, fascinating and far-ranging, covering everything from immigration policy and organ transplantation to (at the suggestion . . .
Selecting a player in the NFL draft is essentially trying to predict the future, and human beings are simply not very good at it. Things get even harder when trying to pick the most important position in all of sports: the quarterback.
According to a new working paper that looks at Canadian compulsory schooling laws, an additional year of education leads to a 4 percent decline in the likelihood that someone identifies with a religious tradition.
Sales of eco-friendly household cleaning products have tanked thanks to the recession. Turns out our green conspicuous consumption habits only reach so far.
On his trip to Seattle, Stephen Dubner encounters the best coffee he’s ever tasted. The recipe comes straight from two former World Barista Champions.
Bryan Caplan, a professor of economics at George Mason University and a blogger for EconLog, has written a new book called “Selfish Reasons to Have More Kids: Why Being a Great Parent Is Less Work and More Fun Than You Think.” And he’s been guest-blogging for us about parenting. I had a chance to interview Caplan yesterday for an upcoming Freakonomics Radio show called “An Economist’s Guide to Parenting.” He had a great deal to say on the topic, all of it interesting and much of it provocative. I think you will enjoy it as much as I did.
A reader wants to know: How much energy is wasted each year by making ice cubes for all the cold soft drinks that Americans consume?
A new paper from the National Bureau of Economic Research suggests a sensible, non-ideological take on why health care costs rise faster than their efficacy. This echoes a recurring theme here, that it’s often the cheap and simple solutions that work the best.
In June, the first of our Freakonomics Radio programs will hit the public-radio airwaves. In conjunction with the launch, we’ll be doing a few live Freakonomics Radio events — in St. Paul, Minn, Los Angeles, and New York.
Water is a topic that’s come up repeatedly on this blog. We’ve written about attempts to do away with bottled water; why it’s a bad idea to ban bottled water; whether festivals should hand out free water; and the need for safe supplies of water around the world.
In our second round of FREAK-quently Asked Questions, Steve Levitt answers some queries from listeners and readers.
The experts generally fall into two camps when it comes to alleviating global poverty: those who believe we simply need to spend more money in more places; and those who think that too many billions have already been spent too inefficiently and ineffectively, requiring a new and smarter approach to aid.
A new working paper attempts to assign a dollar amount to the cost of combat-induced PTSD as a result of the War on Terror. The answer? As much as $2.7 billion.
Our most recent podcast is about a pair of economists giving out free eye glasses to kids in China. Between 10 and 15 percent of kids needed glasses; but of those, only two percent had them. Turns out, this is a problem in New York City too.
According to the official Google blog, it’s a recent $168 million investment in a solar-power plant:
We’ve invested $168 million in an exciting new solar energy power plant being developed by BrightSource Energy in the Mojave Desert in California. Brightsource’s Ivanpah Solar Electric Generating System (ISEGS) will generate 392 gross MW of clean, solar energy. That’s the equivalent of taking more than 90,000 cars off the road over the lifetime of the plant, projected to be more than 25 years. The investment makes business sense and will help ensure that one of the world’s largest solar energy projects is completed.
Adoption and twin researchers have spent the last forty years measuring the effect of parenting on every major outcome that parents care about. Their findings surprise almost everyone. Health, intelligence, happiness, success, character, values, appreciation – they all run in families. But with a few exceptions, research shows that nature overpowers nurture, especially in the long-run.
You have to see this.
From a reader named Laura Brown:
I recently joined a gym in a low-income part of Baltimore. For $10 a month, a person has unlimited access to the equipment — including treadmills that have individual televisions with about 20 different channels. For $19.99 a month, they have unlimited access as well as unlimited guest privileges. I’ve only been to the gym twice since I signed up, but both times (in the evening), the gym has been almost to capacity. However, despite the fact that it is almost impossible to find an open treadmill, many patrons don’t seem to be there to workout — most of them are obese, and the majority of the treadmills seem to run on the minimum speed settings — .5 mph — not fast enough for anyone to even break a sweat. I was pondering this yesterday during my jog, and it occurred to me that it is entirely possible that many of these people are using a gym membership (and the subsequent treadmill-television access) as a substitute for cable.
It won’t work for everyone, but there’s a cheap, quick, and simple way to lift some students’ grades.
The contest question was pretty simple:
I was in California the other day and saw someone doing something that I haven’t seen done in a good while. I used to do it myself quite a bit, when I was in college, largely out of necessity. What was it?
A new working paper gives tangible evidence that the measures taken by Beijing to reduce air pollution during the 2008 Olympics worked, but that more than half the effect faded away by October 2009.
I was in California the other day and saw someone doing something that I haven’t seen done in a good while. I used to do it myself quite a bit, when I was in college, largely out of necessity. What was it?
A reader named Shira Bannerman writes:
I just spent the week at SXSW, an indie music festival in Austin, TX, that attracted around 230,00 attendees. (Well, first it’s an interactive media and movie fest, but I only went for the music fest portion. I’d also specifically like to mention that my experience is only reflective of the free concerts, as I didn’t pay for a wristband and don’t know if that experience is much different.)
Some people really are addicted to foods in a similar way others might be dependent on certain substances, like addictive illegal or prescriptions drugs, or alcohol, researchers from Yale University revealed in Archives of General Psychiatry. Those with an addictive-like behavior seem to have more neural activity in specific parts of the brain in the same way substance-dependent people appear to have, the authors explained.
More here.
So… it turns out that many of our Freakonomics podcast guests (not to mention the host) begin their sentences with the word So. Is this an odd coincidence, a tic common only among our radio guests? Or is there something about being recorded that brings it out?
What’s the best incentive for playing the lottery? Traditionally, state lotteries have tried appealing to our sense of greed. But Washington state is trying the novel idea of appealing to our altruistic side.
According to the National Highway Traffic Safety Administration’s (NHTSA) early projections, the number of traffic fatalities fell three percent between 2009 and 2010, from 33,808 to 32,788. Continuing what is now a 25 percent drop since 2005, when there were 43,510 traffic deaths.
In the Wall Street Journal, energy guru Daniel Yergin writes of the massive promise of shale gas. It’s the subject of the current cover story of TIME: “This Rock Could Power the World.” And this is what President Obama said in his energy-policy speech at Georgetown last week: Now, in terms of new sources of energy, we have a few . . .
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