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Best Fan Mail Ever?

(Photo: Image Editor) Given the risk of dislocating an elbow while patting oneself on the back, we don’t usually print fan mail. But this one, from James J. Krefft (also…



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Episode 50

What Happens When a Hospital Closes?

When a hospital closes in a rural area, it’s a big deal. But are all patients affected equally? We look at new research on the unexpected outcomes of traveling farther…

Got a Plan? Best to Keep it Quiet…

…it’s already done. And then, because you’ve felt that satisfaction, you’re less motivated to do the actual hard work necessary.” Readers, what’s your experience with blabbing about your goals? [%comments]…



Stay-at-Home Mom Knows Best?

…no effect on family income. The authors found that more time with Mom led to lower high school dropout rates later on. Specifically, “increased time with the child led to…




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Episode 531

Should You Trust Private Equity to Take Care of Your Dog?

Big investors are buying up local veterinary practices (and pretty much everything else). What does this mean for scruffy little Max* — and for the U.S. economy? (Part 1 of…


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Episode 340

People Aren’t Dumb. The World Is Hard.

You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics…

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Episode 3

Property

To the law, everything is either a “person,” with rights, or a “thing,” without. Where does that leave dogs? Alexandra Horowitz considers animate things, living property, and what happens when…


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EXTRA

People Aren’t Dumb. The World Is Hard. (Update)

You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. In an interview from 2018,…



Best Use of the Web Ever?

It’s one thing to see a flame war break out on a Web site. But it can’t compare to actually hearing the flamer at work. That was the realization of…



How to Best Incentivize Organ Donations?

…receive acknowledgments, including incentives for saving lives, why not show that same kindness to potential organ donors? It’s a much better and safer solution than black markets.   [poll id=”7″]…



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Episode 480

How Much Does Discrimination Hurt the Economy? (Replay)

Evidence from Nazi Germany and 1940’s America (and pretty much everywhere else) shows that discrimination is incredibly costly — to the victims, of course, but also the perpetrators. One modern…

FREAK-Quently Asked Questions: Mario Batali

…is the best investment you made in getting to where you are today? A: Opening 15 restaurants with my business partner Joe Bastianich. Q: What’s the best financial investment you’ve…



Why Finding the Best Isn't Worth It

In the delightfully sophomoric movie Clerks 2, Randal tells Dante, “Odds are there’s someone out there who’s a better match for you than the girl you are about to marry.”…





The best economics humor ever

the Chair of the Federal Reserve, but the job was instead given to Ben Bernanke. [Correction, added May 5: Apparently this video was done by MBA students for their skit…



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Episode 572

Why Is There So Much Fraud in Academia?

Some of the biggest names in behavioral science stand accused of faking their results. Last year, an astonishing 10,000 research papers were retracted. We talk to whistleblowers, reformers, and a…

A Naked Self-Promotion Roundup

…and Popular Mechanics likes it as a best holiday gift idea. As of this writing, SuperFreakonomics is the No. 5 best-seller on Amazon.com, and remains the nation’s best-selling business book,…



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Episode 502

“I Don’t Think the Country Is Turning Away From College.”

Enrollment is down for the first time in memory, and critics complain college is too expensive, too elitist, and too politicized. The economist Chris Paxson — who happens to be…

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Episode 55

This Vaccine Lottery Seemed Like a Great Idea. Why Didn’t it Work?

Behavioral economists say “regret lotteries” are powerful motivational tools. When Philadelphia tried one in 2021, the results were disappointing. Bapu looks at how incentives can backfire — and what we…

Ten Reasons to Like the Pittsburgh Steelers

…Greene was the star of one of the best TV commercials ever — which is being remade this year, with the extraordinarily appealing Troy Polamalu in the lead. 6. The



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Episode 251

Are We in a Mattress-Store Bubble?

You’ve seen them — everywhere! — and often clustered together, as if central planners across America decided that what every city really needs is a Mattress District. There are now…


FREAK-Quently Asked Questions: Nate Silver

Beth Rooney/The New York Times Nate Silver Nate Silver is the proprietor of FiveThirtyEight.com, where his statistical wizardry (and common sense) during the recent elections made him the biggest new…



Fair Trade and the Food Movement

…adage than “the Food Movement”- the amorphous but impassioned effort to bring responsibly produced food from farm to fork. The Movement, which has surely done more than any other reform…