Apparently, it is dangerous even to be the wife of a semi-famous economist-author. In this blog post about the difference between corked wine and screw-top wine, Levitt’s wife, Jeannette, is revealed to be not only a drinker but a cork snob: We recently had a friend over (her husband, Steve Levitt, co-wrote Freakonomics) and I noticed the strange look she . . .
A few weeks back we linked to a blog post describing the optimal strategy in the game Monopoly. This fascinating article by Brian McMahon describes how the game of Monopoly was used during World War II to aid in the escape of Allied POWs. (Is it just me, or does it seem from reading the story that this was an . . .
Bruce Schneier could probably find out just about everything about you without breaking a sweat. He has built a career out of discovering weaknesses in computer systems and has analyzed security flaws in everything from biometrics to post-9/11 airline security. The designer of the popular Blowfish and Twofish encryption algorithms (the latter was a finalist for the Federal Advanced Encryption . . .
Yesterday morning, I posed a challenging question for horse bettors: Is there ever a situation in a parimutuel betting system in which you would want to bet on a horse to win, even though you knew for sure that the horse would lose the race? Some clever folks came up with an answer involving “breakage.” That was not what I . . .
Wildlife refuges bring in impressive revenues. Researchers analyze goalkeeper jumps in stopping penalty kicks. (Earlier) Have your genomic profile read for just $1,000. New ranking scale helps experts predict winter storms. (Earlier)
An article in today’s Wall Street Journal about online lending reports that Zopa, a British person-to-person lending market, is starting operations in the U.S. It will join, among others, Prosper.com, which the WSJ reports will issue $100 million in person-to-person loans this year, with future loan originations projected to be $1 billion in 2010 and $9 billion in 2017. Can . . .
It’s a widely held perception that the professional athletes who constitute Major League Baseball and the National Football League have different levels of power — i.e., players have more juice in M.L.B., while it’s a team’s ownership that has more power in the N.F.L., often at the expense of individual players. Is this true? We put this question to a . . .
Here is a tough little Freakonomics quiz for people who like to bet the ponies: Is there ever a situation in a parimutuel betting system in which you would want to bet on a horse to win, even though you knew for sure that the horse would lose the race? This is a hard one. Had it simply been posed . . .
A proposed history of the efficient markets hypothesis. (Hat tip: MidasOracle) U.N. climate change conference to discuss global warming post-2012. (Earlier) Senator proposes national registry for convicted arsonists. (Earlier) The misery of economy air travel continues. (Earlier)
Video Today’s installment of FREAK-TV traces the history of male abs in culture and media, from the unveiling of Michelangelo’s “David” to James Dean‘s shirtless pose in Rebel Without a Cause to the Calvin Klein abs bonanza of the 1990s that made “six-packs” the norm (and turned an often-unattainable level of fitness into an anti-fat craze that continues today). Now . . .
Just in time for the holidays, the economists Roy Wada and Erdal Tekin have a new NBER working paper they’ve tactfully named “Body Composition and Wages.” It contains bad news for those planning to overindulge. The abstract reads, in part: Our results indicate that increased body fat is unambiguously associated with decreased wages for both males and females. This result . . .
I recently blogged about how well the Coase Theorem does online. It predicts that, regardless of who is assigned property rights, the interested parties will strike a bargain to put the asset in the hands of the party that values it the most. Thus, despite the fact that more or less anyone can purchase a URL for a small amount . . .
Tech experts cast their judgments on the Kindle. (Earlier) The science of collective attention tested on Digg.com. Could the Internet run out of space by 2010? The long road ahead for the mobile Web.
Last week, the data-aggregating site Swivel (which we’ve discussed before) posted a chart showing the recent and dramatic drop in North Carolina’s water demand. The reduction occurred after Governor Mike Easley, in the face of a state-wide drought, issued a plea to North Carolina residents in mid-October, asking them to cut their water consumption in half by Halloween. He then . . .
We recently wrote about the use of commitment devices in weight loss, particularly the recent spike in bariatric surgery. While advocates can make a strong argument in favor of the surgery, especially for the morbidly obese, it is obviously a pretty drastic resort. An article in the current Journal of the American Medical Association highlights a far less invasive commitment . . .
I had the pleasure of visiting Dubai for the first time last week. The city is a wonderful example of unintended consequences; because it had the misfortune of almost running out of oil, it was forced to create other ways of generating income. It has since made huge investments in both tourism and the financial sector. Although I didn’t get . . .
Care to create a better algorithm? The results from Netflix’s $1 million challenge. The next wave in fantasy sports sites. “The Best New Gadget You’ll Never Hear Of.” (Earlier) New prediction market ranks predictors against each other. (Earlier)
We are taking a couple days off, and hope you are too. FWIW, the tryptophan in your turkey may not be what’s making you groggy; it may, however, make you more trusting. Perhaps Paul Feldman should consider selling turkey bagels.
Here’s another good post from our new guest blogger Ian Ayres; here are some previous Ayres items. My friend and Peabody Award-winning journalist Jack Hitt is irked by EULAs (End User Licensing Agreements). They are the ubiquitous terms and conditions on the Web that no one ever reads. Jack can’t understand why, if he has to accept a seller’s EULA . . .
There’s been a good bit of back-and-forthing on this blog about nuclear power, most notably regarding a Times Magazine column we wrote recently about the past and future of the nuclear industry. In a nutshell, we posited that the U.S. anti-nuke revolt in the 1960s and 1970s may look misguided in retrospect since it helped thwart the proliferation of nuclear . . .
The next generation of sports viewing: fiber-optic fields. BusinessWeek profiles James Altucher. (Earlier) A case for the rationality of voting. (Related) The latest in e-mail trends: “Don’t Print Me” messages. (Earlier)
Video My first job in journalism was as an editorial assistant at New York magazine, writing up the back-of-the-book culture listings. This meant that I received a lot of promotional mailings from movie studios, PR firms, etc. I was consistently surprised by the 8-by-10 promo pictures sent out for young female classical musicians: they were invariably all sexed-up, as if . . .
Amazon has just introduced a new e-reader called the “Kindle,” and it looks like a fantastic piece of technology. The company must have high hopes for the Kindle — today, when you type “www.amazon.com,” into your browser, you get a letter from Jeff Bezos touting the new product. I have to say that it looks quite enticing. Amazon also provides . . .
Last week, we asked for your questions for singer/songwriter/Internet celeb Jonathan Coulton. Thanks to all of you (including John Hodgman, or at least “John Hodgman“) for the questions, and thanks especially to Jonathan for his answers. Q: You’ve been getting a lot of mainstream media play over the last year. How has that been different from the attention you’ve gotten . . .
A while back, I solicited your suggestions for great children’s books, and you responded mightily, with more than 270 comments. Your answers made me realize how many children’s books we already own, which is probably a good thing, at least according to these guys. But you also suggested a lot of books we’ve never read, and you made them sound . . .
The Hydrogen Education Foundation’s 2007/08 contest challenge: fix airports. (Earlier) Does Dunbar’s “magic” 150 apply to social networking sites? South Korea creates camps to cure Internet addiction. (Earlier) The realities of vote buying. (Earlier)
Controversy over corporate media consolidation has been brewing for decades. In 1975, the Federal Communications Commission enacted a rule prohibiting a single media company from owning both a newspaper and radio or TV station in the same city. Twenty-eight years later, the issue drew national attention when former FCC Chairman Michael Powell introduced a plan to overturn the ban. His . . .
This time of year in New York City, it’s easy to find elderly Chinese women in Central Park stooped beneath trees, gathering up what look like small plums. The trees are ginkgo trees, which drop their fruit when ripe; the fruit has long been prized in China and Japan as both a food and a medicine. A helpful friend tells . . .
A few years back, the economist David Romer wrote an academic paper suggesting that teams in the N.F.L. should punt less frequently. While the league’s coaches mostly dismissed his findings, I suspect that teams are a bit more likely to go for it on fourth down in marginal situations today than they were before he wrote the article. N.F.L. coaches . . .
That is the subject of our most recent Times Magazine column, with some background research and other related material posted here. As in many of our columns, we pair a particular subject (in this case, weight-loss — a.k.a. bariatric — surgery) with an economics concept (in this case, a commitment device). Sometimes these pairings can be a bit of a . . .