From a reader named Kevin O’Toole comes a bleg that needs input from people with experience in the realms of running, races, and maybe Olympic competition. (We tussled with Olympic medal counts here; and Justin Wolfers harnessed your collective wisdom when he ran the Stockholm Marathon.) Here’s Kevin’s story: For the past few years, I’ve had some ongoing bets with . . .
A business exec told me that he thinks of consulting firms a bit like Charlie Sheen thinks about prostitutes. When I asked him to explain, he said that when Sheen was being sentenced for using a prostitute, the judge asked him why a man like him would have to pay for sex. And Sheen reportedly replied: “I don’t pay them . . .
New York magazine, riffing on Drew Barrymore‘s starring role in the film adaptation of He’s Just Not That Into You, suggests 10 other self-help books that should be Barrymore vehicles, including Freakonomics: Drew Barrymore stars as a free-spirited Northwestern economics grad student who ventures into the Cabrini Green projects on the south side of Chicago to research the lives of . . .
Over the past few months, the press has deluged Americans with weepy stories about people who are in danger of losing their houses because their sub-prime mortgages now exceed the value of their houses, which the recession and the popping of housing bubbles have caused to drop. I am sympathetic; and I, and other taxpayers, am being asked to provide . . .
We at U.C.L.A. hear from reporters a lot, and they are often looking for a few quotes to help write a familiar script. In it, Los Angeles is cast in the role of the nation’s transportation dystopia: a sprawling, smog-choked, auto-obsessed spaghetti bowl of freeways which meander from one bland suburban destination to the next. The heroes of the picture are cities like San Francisco, or especially New York, which are said to have created vastly more livable urban forms based on density and mass transit.
A reader named Joel Margolese of Andover, Mass., while on holiday vacation in Boca Raton, Fla., wrote the following:
Doing the annual pilgrimage to South Florida this holiday season, we’ve all been struck by how
everywhere seems to be more crowded than usual. Parks, beaches, even stores are jammed. We could barely find a parking space at our favorite park, which is usually empty.
Three weeks ago, I invited readers to submit quotations for which they wanted me to try to trace the origins, using The Yale Book of Quotations and more recent research by me. Dozens responded via comments or e-mails. I am responding as best I can, a couple per week. Mark C asks: I’d love to see a definitive attribution to . . .
The gloves are definitely coming off. This piece by Chicago economist John Cochrane and another by Chicago’s Eugene Fama get under the skin of Brad DeLong and lead Paul Krugman to denounce Cochrane and Fama as barbarians.
Despite NBC banning sexually explicit ad content from the Super Bowl broadcast, Comcast customers in parts of Tuscon were exposed to about 30 seconds of a pornographic film which interrupted Comcast’s Super Bowl coverage on Sunday. According to The Huffington Post, Comcast suspects the work of hackers. The company is paying each of its affected customers a $10 refund. Blog . . .
Simon Rogers moved to New York from London when he was 28 to begin his modeling career. About two years ago, he created UglyNY, a talent and modeling agency affiliated with Ugly in London, which is run by a friend. You’ll see photos of his clients throughout the rest of this post.
As Rogers once told The New York Times, UglyNY serves the market for “great-looking people, people who’ve really been hit with the ugly stick, and everything in between.” UglyNY’s recent clients include Clairol, Walmart, and Vanity Fair. Demand for “real people,” Rogers says, is growing — in part because of the influences of reality TV, MySpace, etc. Plus they are often cheaper.
In Freakonomics we poke fun at “experts” — folks who go around speaking with great authority about topics they don’t actually know that much about. I can be criticized for a lot of things since Freakonomics came out, but one thing that I have been pretty good at is not masquerading as an expert on topics I know little about. . . .
An article in The Economist reports that “the lipstick index,” the theory that women buy more lipstick in tough economic times, is probably not valid. A better index might instead be hairstyles. As The Independent reports, Japanese researchers found that women tend to have longer hairstyles when the economy is doing well, and shorter styles during harder times. Later on . . .
NPR reported last month that, for the first time in five years, the U.S. Army had more than met its recruiting goals. This happens every time unemployment rises, and it should be absolutely no surprise. People choose military service after high school partly out of a desire to serve the country; but there is strong evidence that incentives matter. Higher . . .
My colleague Luigi Zingales has some words of wisdom for the incoming Treasury secretary.
So today is a two-fer: both Tom Daschle and Nancy Killefer will not be joining the Obama administration, as planned, as Health and Human Services secretary and chief performance officer, respectively. They were both undone by failure to pay taxes.
A panel of Chicago economists convened to discuss their views on the stimulus package recently, and video of the event is now available online. All the speakers had something interesting to say (including Nobel Laureate Robert Lucas being surprisingly sympathetic to government intervention). Of particular interest, in my opinion, is Kevin Murphy‘s discussion, which comes in the middle of the . . .
I’ve made no secret of my Pittsburgh Steelers fandom — the most recent example is here — and so yes, Sunday was a happy day in our house. The problem is that my productivity suffers afterwards because there’s so much post-game stuff to monitor.
In my last post, I blogged about my (mostly) favorable reaction to California’s program to increase fuel economy. But for the record, I should mention a few petty details — like the fact that these regulations will increase congestion, damage our roads, cut tax revenues, promote (for better or worse) low-density suburban development, and reduce pollution less than advertised. Oh, . . .
In facing the “Buy one, get one free” suit deal, my quick-thinking wife said, “Let’s take the second suit anyway.” She called our older son on her cell phone from the store, as we knew he was shopping for a suit, and he said he was interested.
The store has a branch where he lives, so we are taking the suit to him this week when we visit. He will take it in and exchange it at no cost to himself for the suit he wants. While I would have derived perhaps $50 of consumer surplus from the “free” second suit, a suit’s value to him is at least $300; and with the pick of the store, he’ll buy a fancier suit.
For dairy cows, just having a name makes them more productive. (HT: Karl Matulis) (Earlier) In the world of startup competition, TechCrunch founder Michael Arrington draws the line at death threats and being spat on. Out of Queens, N.Y., here’s another pay-what-you-wish cafe. (Earlier) A traffic sign warns of “Zombies Ahead.” It’s just the work of hackers, assures the local . . .
One year ago, we ran a simple contest on this blog: come up with a new six-word motto for the U.S. There were more than 1,000 submissions, a heated runoff between the finalists, and eventually a winner: “Our worst critics prefer to stay.” The year that followed has been dramatic to say the least: the historic presidential election, a train . . .
Here’s a post with my co-author and colleague at Yale Law School, Jonathan Macey. Jon is the author of the just-published book Corporate Governance: Promises Kept, Promises Broken. Airlines and Opting Ethics By Ian Ayres and Jonathan Macey Some airlines and travel sites are trying to goose their revenues by running a new opt-out insurance scam. As Tribune Media Services . . .
My wife made me give my 12-year-old suit to charity, so I had to get a new one. Men’s Wearhouse had some nice outfits, and I was willing to pay a lot for a good suit.
Top-of-the-line models were available for $600, and they were on sale: “Buy one, get one free.” I was going to buy one even without the sale, and $600 was about what I wanted to spend. But I have almost no use for the “free” suit; I derive little consumer surplus even from a “free” second new suit.
We’ve invited a special guest to judge our Bernie Madoff limerick contest: Chris J. Strolin, founder and editor-in-chief of The OEDILF, The Omnificent English Dictionary In Limerick Form. The OEDILF is an international online dictionary-writing project, the goal of which is to write at least one limerick for every definition of every word in the English language. Not quite five . . .
For all the good that Google Earth has brought to the world, it’s been a boon for ne’er-do-wells and mischief-makers as well. In the U.K., teenage hooligans allegedly use it to scope out private pools they can crash for impromptu parties. On a darker note, insurgents in Iraq used images from Google Maps to guide their attacks. And the terrorists who killed 170 people in Mumbai last November supposedly used Google Maps images for help navigating the city.
Not many people have a lot of money to throw around these days, so how is the recession affecting ad spending on the super-expensive Super Bowl? Even after NBC lowered its ad prices, reports the Associated Press, FedEx and General Motors pulled their TV commercials, and Playboy isn’t having its annual Super Bowl party. A 30-second Super Bowl commercial can . . .
That’s how PMSBuddy.com pitches itself. To wit: PMSBuddy.com is a free service created with a single goal in mind: to keep you aware of when your wife, girlfriend, mother, sister, daughter, or any other women in your life are closing in on “that time of the month” – when things can get intense for what may seem to be no . . .
Two weeks ago, I invited readers to submit quotations for which they wanted me to try to trace the origins, using The Yale Book of Quotations and more recent research by me. Dozens responded via comments or e-mails. I am responding as best I can, a couple per week.
The details are tedious and inscrutable. There’s often no obvious link between cause and effect. It will drag on probably twice as long as you want it to.
These are just a few of the ways The Bailout Game mirrors our dreary market slowdown.
For the more academically inclined among you, Princeton economist Angus Deaton offers his appraisal of the state of development economics. Deaton writes: The wholesale abandonment in American graduate schools of price theory in favor of infinite horizon intertemporal optimization and game theory has not been a favorable development for young empiricists. Empiricists and theorists seem further apart now than at . . .