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…to make a rational calculation, but with poor results. Even mathematically-skilled individuals like finance professionals or computer engineers had little clue. Two thirds of the households never even dreamed of…



Engineers Among the Terrorists

A study by sociologists Diego Gambetta and Steffen Hertog reveals that engineers are “three times more likely to become violent terrorists than their peers in finance, medicine, or the sciences,”…



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Episode 239

The No-Tipping Point (Replay)

The restaurant business model is warped: kitchen wages are too low to hire cooks, while diners are put in charge of paying the waitstaff. So what happens if you eliminate…

How High Gas Prices Triggered the Housing Crisis

…one-in-four households underwater and unable to withdraw home equity to finance consumption, a slow suburban housing recovery bodes poorly for short-run growth in aggregate demand and a broader economic recovery….






Patience and Crime

…both property and violent crimes. We proxy time preferences employing: 1) the amount of short-term debt to finance consumption (the consumer credit share); 2) the prevalence of obese people according…




Could Women Have Prevented a Financial Crisis?

The economist Anne Sibert hypothesizes that gender inequality in the finance industry is partly to blame for the financial crisis. She points to evidence that men are less risk-averse in…



It's Good to Have Friends in Texas

…Interestingly, the start-up is run by a man who was on Gov. Rick Perry’s re-election finance committee and by another whose father was a previous chancellor of the System (with…



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Episode 549

The First Great American Industry

Whaling was, in the words of one scholar, “early capitalism unleashed on the high seas.” How did the U.S. come to dominate the whale market? Why did whale hunting die…

Formula for Success?

…* No state can receive less than one half of one percent of the spending. No doubt this descent into the minutiae of transportation finance allocation has sent many of…




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Freakonomics Radio Live: “Where Does Fear Live in the Brain?”

Our co-host is comedian Christian Finnegan, and we learn: the difference between danger and fear; the role of clouds in climate change; and why (and when) politicians are bad at…

Starting Over

…politics, energy consumption, finance, cancer research, etc. One natural way to approach such systems is to take note of what inputs and outputs already exist and then, isolating them, try…



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Episode 39

The Economist’s Guide to Parenting

Think you know how much parents matter? Think again. Economists crunch the numbers to learn the ROI on child-rearing.

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Episode 600

“If We’re All in It for Ourselves, Who Are We?”

Tania Tetlow, a former federal prosecutor and now the president of Fordham University, thinks the modern campus could use a dose of old-fashioned values….

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Episode 30

Card Counting (Replay)

Casinos think they can stop skilled gamblers from eking out a tiny edge at blackjack. Is that a losing bet? Zachary Crockett doubles down.

Make-It-Yourself Prediction Widgets

Wolfram Alpha has just launched a free?Widget Builder that lets you easily create widgets to calculate all kinds of things – seamlessly integrating data from the Alpha server.? (I’ve blogged…



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Episode 40

The Suicide Paradox

There are more than twice as many suicides as murders in the U.S., but suicide attracts far less scrutiny. Freakonomics Radio digs through the numbers and finds all kinds of…


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Episode 457

Is Dialysis a Test Case of Medicare for All?

Kidney failure is such a catastrophic (and expensive) disease that Medicare covers treatment for anyone, regardless of age. Since Medicare reimbursement rates are fairly low, the dialysis industry had to…




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Episode 486

“The Art Market Is in Massive Disruption.”

Is art really meant to be an “asset class”? Will the digital revolution finally democratize a market that just keeps getting more elitist? And what will happen to the last…


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Episode 127

Rajiv Shah Never Wastes a Crisis

After Haiti’s devastating earthquake, Rajiv Shah headed the largest humanitarian effort in U.S. history. As chief economist of the Gates Foundation he tried to immunize almost a billion children. He…

James Surowiecki on Financial Illiteracy

James Surowiecki writes about one of this blog’s frequent topics of interest: financial illiteracy. Surowiecki includes insights from Annamaria Lusardi‘s research and Gary Rivlin‘s new book, Broke, USA. He proposes…