Harold McGee, also known as the New York Times’ “Curious Cook,” has an article about a new paper from a Clemson University research group led by Paul Dawson on the validity of the “five-second rule” — the old adage that if you drop food on the floor but pick it up within five seconds, it’s okay to eat it. According . . .
Here’s heartening news for all those who believe that economists not only can’t predict the economic future, but can’t even describe the economic past. Daniel Altman, for his Economic View column for the New York Times, e-mailed the 177 members of the National Bureau of Economic Research who concentrate on economic fluctuations and growth. He asked them a seemingly simple . . .
Here’s an agreeable way to usher in Mother’s Day: A study released by The University of Melbourne’s School of Behavioural Science shows that a significant number of college students consider their mothers to be the single most significant person in their lives. Out of a survey of university freshmen, 40% listed their moms as the most important and influential person . . .
Today, ABC News director of polling and Freakonomics.com guest blogger Gary Langer offers an interesting breakdown of recent poll numbers on a particularly timely topic: Whether a pro-abortion stance by a Republican candidate (in this instance, Rudy Giuliani, whose position on the issue has been cited as a major hurdle in his pursuit of the presidential nomination) will in fact . . .
The New York Times had a great piece yesterday on Steven Udvar-Hazy, founder and chief executive of the International Lease Finance Corporation and one of the most powerful figures in commercial aviation. His business model consists of buying and leasing a massive fleet of planes to the majority of the world’s major airlines — “massive” meaning, in this case, “larger . . .
We got an e-mail the other day from John Yinger, a professor of economics and public administration at Syracuse University. It went, in part, like this: By coincidence, I read a chapter of “Tom Sawyer” to my 10-year-old son the day your column on leisure time came out. It’s the famous chapter on whitewashing the fence. Here’s how it ends: . . .
Several months ago, we blogged about a controversy over a high-caffeine drink called Cocaine. Now it has been pulled from shelves nationwide. Its producer, Redux Beverages of Las Vegas, was disappointed — and, based on this quote Redux partner Clegg Ivey gave to the Associated Press, a bit confused: “[W]e intended for Cocaine energy drink to be a legal alternative . . .
The New York Times had an interesting article the other day, by Amy Harmon, on how more advanced and widespread testing for Down Syndrome is leading to a shrinking population of babies born with this condition. As evidence, the article cites research finding that 90% of parents choose to abort when they are given a diagnosis of Down Syndrome. I . . .
I am in Vancouver for about 36 hours. Vancouver anytime is pretty great; in springtime, it is even greater. Snowcaps glimpsed between modern skyscrapers; people from everywhere; lots of green. And, of course, that spectacular meeting of mountain and water. A few random observations: 1. There seem to be more coffee shops per square block, including Starbucks, Blenz, and others, . . .
A reader named Andrew Gendreau recently wrote in on the topic of distributed computing, which refers to a method of computer processing in which different parts of a program run simultaneously on two or more computers while they communicate with each other over a network. According to Wikipedia (whose reliability is imperfect but often commendable), distributed computing differs from networking . . .
There was a very nice piece in the New York Times the other day about Mike Nolan, the manager of Metro-North Railroad’s lost-and-found department. Via the article: Since joining Metro-North in 1994, Mr. Nolan has applied the analytical skills he honed as a Wall Street analyst to a tracking system that once depended on pen and paper and that in . . .
The media has been abuzz lately over a new research paper by Dr. Paul Winchester of the Indiana University School of Medicine. It purports to find that babies conceived between June and August in Indiana perform worse on standardized tests. I can believe that this conclusion might be true. Fifteen years ago, economists Josh Angrist and Alan Krueger found that . . .
Here’s a new twist to our ongoing discussion of child-naming: The Wall Street Journal reports that new parents may be choosing more “unique” names for their children in the interest of making them more prominent in Google searches. While a name like “Jason Smith” is easily swallowed up in the search-engine depths, a first name like “Kohler” or “Stella” is . . .
In addition to its Freakonomics Poker Portfolio, James Altucher at Stockpickr.com has also posted a Freakonomics Horse Racing Portfolio, thus creating indices in honor of two of Steve Levitt‘s greatest passions. FWIW, Levitt’s picks the other day on the Kentucky Derby weren’t terrible. One of the two long shots he liked, Hard Spun, placed and paid $9.80. On the other . . .
From an Associated Press report out of Rome: Giro d’Italia champion Ivan Basso admitted involvement in the Spanish doping scandal and is cooperating with sports authorities. It is hard to overestimate the value of a cooperating witness. Think of the damage, e.g., that Sammy Gravano did to John Gotti and the rest of the Gambino crime family. If someone of . . .
Via Carl Bialik, The Wall Street Journal‘s Numbers Guy: Indiana University assistant professor of journalism Mike Conway has released a report calculating the number of times Bill O’Reilly used name-calling and other so-called “propaganda techniques” on his show. The data were gathered by volunteers who catalogued 105 episodes of O’Reilly’s two-minute “Talking Points Memo,” tallying the use of seven rhetorical . . .
A few days ago, I blogged about how pre-election polls have historically overstated a minority candidate’s standing, but how that gap seems to be shrinking. In other words, according to the Pew Research Center article I cited, people used to lie to pollsters about their willingness to vote for a minority candidate, but now they do so less often. This . . .
As reported by Wired’s Regina Lynn: Controversy is brewing in virtual reality world Second Life over the occurrence and potential illegality of online rape. The 3-D virtual world, built and owned by its more than 6 million users, currently allows members to engage in a wide range of sexual activities. You can buy S&M gear and solicit strippers, escorts, and . . .
We’ve blogged before about a pay-what-you-wish coffee shop and pay-what-you-wish downloadable music. Now Luciana Silvestri, a reader from Argentina, writes with news of something different: An all-you-can-eat restaurant with a prix fixe twist. As she explains: A friend has just returned to Argentina from a six-month internship in Chicago and told me about a Japanese restaurant with quite an original . . .
Breaking news on CNN: Six terrorists were caught plotting an attack on Fort Dix. From the report: “Their alleged intention was to conduct an armed assault on the army base and to kill as many soldiers as possible,” the office said. If your goal is to kill people other than yourselves, I cannot think of a worse plan than having . . .
Several months ago, I got an e-mail from a money manager in Spain. He’d read a blog post here called “Will the High Price of Oil Make Americans Skinnier,” and decided to start trading (mostly agricultural stocks) based on the ideas mentioned therein. Good luck, I told him. Now my friend James Altucher at Stockpickr.com has had a similar idea, . . .
A few nights ago in San Antonio, Al Gore gave his global-warming lecture at the American Institute of Architects’ national convention. “It’s in part a spiritual crisis,” he said. “It’s a crisis of our own self-definition – who we are. Are we creatures destined to destroy our own species? Clearly not.” According to the San Antonio Express-News, Gore was “especially . . .
We’ve blogged quite a bit about prediction markets. Now, some very prominent economists (including four Nobel prize winners) have come together to release a joint statement asking the U.S. government to make it easier for researchers to create them. While the statement argues the merits of prediction markets extremely cogently, and while I’m completely in favor of prediction markets and . . .
Last week’s New Yorker “Annals of Law” column dealt with the increased public interest in forensic crime investigations in the wake of TV shows like CSI. Written by the excellent Jeffrey Toobin, the article looks at how the show’s popularity has mainstreamed and glamorized forensic analysis to the point of altering criminal trials. (Here’s a summary, though the full piece . . .
Rarely does a reader express his sentiment so cogently as in this case, from one “Fred Peck”: Your article that tries to shed light on Realtors is probably the dumbest and most pointless thing I have ever read. Rogue economists, huh? You idiots sound more like cynical morons that think they know everything. I guess I’m the fool, though. You . . .
I’ve been reading an advance copy of Tyler Cowen‘s book Discover Your Inner Economist. Many of you may know Cowen as co-proprietor of the excellent MarginalRevolution blog, which we’ve cited here often. The book is fast, furious, and fun, with great examples of how to apply economic thinking to nontraditional subjects. (My favorite: Cowen’s advice for keeping a meeting short . . .
A while back, Levitt wondered why the Wall Street Journal charges for its online version while other papers generally offer their content ice for free. Sure enough, we have an answer. Walter E. Hussman Jr., publisher of the Arkansas Democrat-Gazette, has an editorial in today’s Journal (available for free!) titled “How to Sink a Newspaper.” It offers a detailed explanation . . .
Here’s a really interesting article (albeit a few months old) from the Pew Research Center that concerns a point we’ve touched on before: Minority political candidates tend to do better in pre-election polls than in the actual elections, suggesting that voters want to sound color-blind to pollsters but in fact carry a strong racial preference into the booth. The article . . .
The final installment in the Harry Potter series is near (much to the dismay of its profiting publisher), and the release date for lucky No. 7 is fast approaching. Meanwhile, Amazon.com is marking the occasion by running a contest called “The Harry-est Town in America.” Whichever town pre-orders the most copies of Harry Potter and the Deathly Hallows will receive . . .
I was searching the internet, researching a blog post I had in mind about the Duke Business School cheating scandal, when I stumbled onto the online version of the Russian newspaper Pravda (in English). For those who may not remember, it used to be the mouthpiece of the Communist Party. Here’s a link to the front page. I have to . . .