Not the sort of diamonds you wear on your finger, but baseball diamonds. Randy Newsom, a minor league baseball player, recently offered himself up as an I.P.O. Interested investors can buy up to 4% of his future major league income. The price is not that high: $20 per share, with each share entitling the owner to .0016% of his potential . . .
How do tax rebates affect household spending? (Earlier) (HT: Patrick Maguire) Does the internet make suicide more contagious? (Earlier) What’s the Tiger Woods effect? A look inside the executive brain
Coming into this very long, harried, and intensely reordered presidential primary season, there was a lot of talk about how poorly the nominating process serves the electorate. The common argument seemed to be that the acceleration and clustering of states’ primaries would create a chaos from which no electoral good would come. I’d like to suggest an opposing view: this . . .
We recently published a column describing a few instances of the law of unintended consequences — specifically, what happens when well-meaning legislation winds up hurting the parties it is designed to help. I thought it was a pretty good column. But I see now where it could have been better. Alex Tabarrok, writing on Marginal Revolution, addresses the law of . . .
Sudhir Venkatesh, our good friend and author of the new book “Gang Leader for a Day,” continues today with his weekly mission of watching “The Wire” with some real gang personnel and reporting on their reaction (and his). Your response to his previous posts has been enthusiastic. Typical comments: “More” and “Please post this every week!” Sudhir, in deference to . . .
How effective are price promotions? (Earlier) Can YouTube help fight crime? (Earlier) MPAA admits statistical error (Earlier) The debate over heart stents continues (Earlier)
This blog has regularly featured items on the pharmaceutical industry, including posts here, here, and here. It was this post in particular, highlighting an interview with the CEO of Genentech, that made me want to post a quorum on the subject. So we’ve gathered up some willing and able candidates — Dr. Stuart Apfel, Zola P. Horovitz, Dr. Harlan Krumholz, . . .
Apparently, all information on the Web does not want to be free: the Wall Street Journal will not, as has been widely speculated, tear down its paywall entirely. Here’s what new WSJ owner Rupert Murdoch told his paper at Davos: “We are going to greatly expand and improve the free part of the Wall Street Journal online, but there will . . .
Both are provided by companies offering cash prizes in exchange for new business ideas. Just as Netflix announced plans to pay a $1 million prize to anyone who comes up with an algorithm for movie recommendations that is 10 percent more accurate than its own, airport security company Clear is now offering $500,000 to whoever comes up with the best . . .
With all eyes suddenly on the economy, thanks in large part I am convinced to the extra hyperbole produced by a presidential campaign, there is much talk now of what sort of government “stimulus” package may be offered. Without debating the value of Fed vs. legislative interventions, and without debating the potential long-term ills caused by such short-term interventions, let . . .
Second Life closes banks, causes upheaval (Earlier) The micro-economy of Britney Spears If you’re willing to be in a psych experiment, does that mean you shouldn’t be in one? Fertility tied to wealth in eighteenth and nineteenth centuries
Just as blog comments are often more interesting than blog posts, I have long thought that some of the best stories in newspapers and magazines are published in the letters-to-the-editor section. The Dec. 3, 2007, edition of BusinessWeek contains one of the most fascinating letters I’ve ever seen. (Click here and then scroll down to “Big MAC and the Chicago . . .
With the Democrats in control of Congress, and with the prediction markets suggesting a Democratic presidential victory, there has been a lot of talk about ending sexual orientation discrimination in the military by repealing the “Don’t Ask, Don’t Tell” (“DADT”) policy. There are always two ways of ending de jure discrimination: you can level up, or level down. In the . . .
Aaron Zelinsky, a student at Yale Law School, recently proposed an interesting three-prong anti-steroid strategy for Major League Baseball: 1) An independent laboratory stores urine and blood samples for all players, and tests these blood samples 10 years, 20 years, and 30 years later using the most up-to-date technology available. 2) Player salaries are paid over a 30-year interval. 3) . . .
Is PTSD the only result for Iraq veterans? Just how dangerous is personal data on the Internet? (Earlier) How do people describe themselves with one word? An experiment. Is Jan. 21 truly the “most depressing day of the year”?
When a quarterback throws a costly interception or when a pitcher gives up a big home run, the play-by-play announcer inevitably says the player wishes “he could have that one back.” If there were a play-by-play announcer for newspaper writing (besides The Wire, I mean), he might say the same thing about this piece by Laura Berman in the Chicago . . .
When I tell my non-economist friends that I do research on the “economics of the family,” they often look puzzled. (The funniest response comes from those who think that this is the same as “home economics“; as Betsey Stevenson will tell you, I surely would have failed home ec.) But Tim Harford is a lifesaver, and his new book provides . . .
The abortion rate in the United States is at a thirty year low — though even with the decline, we are still talking about a large number of abortions in absolute terms, or 1.2 million per year. To put this number into perspective, there are about 4 million births per year in the U.S. John Donohue and I have argued . . .
Is “humanizing” our pets a result of loneliness? What’s the truth behind “shopping momentum”? (HT: Consumerist) Should the rich be spending more to help the economy? How do our brains decide what to store as memories?
Back when I was an undergraduate, I took a class from the future Nobel Laureate Tom Schelling. One day in class, he was talking about commitment problems: when you want to achieve a goal, but lack the self control to do it. As I recall, he offered two pieces of advice for those trying to lose weight. The first was . . .
My family has a tradition of reading the “I Have a Dream” speech on Martin Luther King Jr.‘s birthday. We pass it around, with each person reading one sentence. So in honor of today’s holiday, here’s a question about the speech: what is the second-most-used figure of speech or metaphor in the speech itself (“I Have a Dream” being the . . .
Is the “Google generation” really so Internet savvy? 2007 tied for Earth’s second-warmest year. (Earlier) See it to believe it: the eco-friendly Hummer. (Earlier) A complete guide to Marginal Revolution’s “Markets In Everything.” (More)
Read the Column » Consequences of Employment Protection? The Case of the Americans with Disabilities Act By Daron Acemoglu and Joshua D. Angrist Prosbol: A Study in Tannaitic Jurisprudence By Solomon Zeitlin Preemptive Habitat Destruction Under the Endangered Species Act By Dean Lueck and Jeffrey Michael Is the Endangered Species Act Endangering Species? By John List, Michael Margolis, Daniel Osgood . . .
We recently solicited your questions for Broadway producer Rocco Landesman, and threw in a few of our own as well. Reading his answers below, you can see why he is considered not only one of Broadway’s best producers, but also one of the most astute. Thanks to Rocco, and to all of you for the questions. Q: What will Broadway . . .
Last week, Freakonomics guest blogger Sudhir Venkatesh sat down with a group of current and former gang members to watch “The Wire.” This week, he took time out from touring for his new book (see reviews here, here, and here) to meet up with them again for Episode Two. What price, a cop? I posed this question to several self-described . . .
Lowenstein on Bernanke (Earlier) (More here) Which company insiders are buying a lot of their own stock? How does pregnancy affect memory? What’s the value of melancholia?
In earlier posts here and here, I wrote that I was going on TV to talk about an issue that’s been missing from the presidential campaign. And that issue is … Crime. A lot of you guessed correctly; a lot of you named other issues that have also been very quiet. I think the fact that the candidates aren’t spending . . .
A few days ago, Levitt blogged about an interesting study finding that violent movies reduce crime (at least in the short run). The reason, according to the study’s authors, Gordon Dahl and Stefano DellaVigna, is simply that more violent movies means fewer drunken louts on the streets. It is simply an incapacitation effect. One way of testing this hypothesis would . . .
We’ve posted earlier about book blurbs and how much they matter if at all. Rob Walker, the “Consumed” columnist for the Times Magazine as well as a blogger and author, recently wrote in to share some worthwhile blurb thoughts. I am interested to know how/if this changes your view of blurbs as a consumer. As a longtime blurb skeptic, I . . .
Is nuclear energy seeing a resurgence worldwide? (HT: Daniel Lippman) How much does it cost to raise kids in the U.S.? (Earlier) What factors lower the dropout rate the most? (Earlier) Investing firm tries their luck with celebrity memorabilia (HT: Amit Ghosh)