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Put Your Money Where Your B-Tush Is

…the “below average” category got frowns, but the utility stopped using them after a few customers got upset. The exciting news is that “customers who received the personalized report reduced…



A Voucher System for Investigative Reporting

…how campaign-finance subsidies would be distributed. But here the voucher scheme is implemented by a less obtrusive choice architecture. The ordinary act of reading or listening to a piece of…



Bring Your Questions for Lawrence Lessig

…a political donor strike against congressional candidates who don’t support campaign finance reform. Lessig is founder of Stanford Law School’s Center for Internet and Society. Before joining the Stanford faculty,…




When Barry Ritholtz Talks, People Listen

At about 8:30 a.m. yesterday, Yahoo!’s Tech Ticker posted an interview with Barry Ritholtz, noted finance guy and blogger. In recent times, he has also been very bearish on the…



You Are Not Your 401(k)

| During the boom economy, we took on historically unprecedented debt to finance our pursuit of the American Dream, all the while losing faith that we could achieve it. Now…



The "Bottom Billion" Economist Answers Your Questions

Paul Collier Last week, we solicited your questions for award-winning Oxford University economist Paul Collier, author of The Bottom Billion and the just-published Wars, Guns, and Votes: Democracy in Dangerous…



The Transportation Stimulus: On the Right Road?

…on the context” and “this is a complex issue” … This is too bad, because the stakes are certainly high. In my opinion, our efforts to intelligently discuss public finance



Can't We All Just Not Get Along?

…the boat. So meaningful issues get swept under the rug. These include the erosion of the transportation finance base; the underpricing of auto-related externalities like emissions, crashes, and congestion; and…



Swine Flu and the Economy

…international finance offers little resistance to the economic shocks that accompany pandemics.” The authors estimate that a mild flu epidemic would reduce global G.D.P. by 1 percent and a severe…



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…



The Financial Meltdown Now and Then

…too little and too late in 1932 after three years of bank failures. In February 1932, the Hoover administration established the Reconstruction Finance Corporation (RFC), which made a series of…



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…



Vegetarianism as a Sometimes Thing

…last idea is utilized in some micro-finance loan contracts in developing countries: several individuals who receive loans are grouped together, and each one is held accountable if another group member…



Random Lives in Northern Uganda

…Paromita Sanyal in Bangladesh as the inspiration for this element of the program. Sanyal found that women’s micro-finance groups began to take on greater roles in their communities, even intervening…




Survivor Bias on the Gridiron

The concept of survivor bias, if you don’t know it, is well worth being aware of. It’s most often used in finance, where it refers to a “tendency for failed…



Don't Read This Post

…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…




Radical Reform of Executive Pay

…past two years, but setting caps on salaries and bonuses misses the fundamental problem of compensation on Wall Street. Despite the public resentment surrounding finance-industry payouts, the fact is that…



Introducing "Applied Freakonomics"

finance Kyle’s minuscule paperwork fees, all four of those workers re-entered the on-call rotation. At first they just reclaimed a shift here or there, but “once they realized how streamlined…




What Is China Saying in Copenhagen?

…to the figure, but said China could be more ambitious if rich nations provide technology and finance. “This is a good thing. This is the first time that a ministerial-level…



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,”…



What Are Economists Talking About?

…crisis (25) cycle (14) data (11) debt (8) default (7) development (9) differences (7) dynamic (20) economics (47) economy (11) education (16) effects (37) empirical (11) equilibrium (9) estimating (9) evidence (87) experiment (23) field (9) finance (10) financial (49) firm (17) flows (8) game (7) gender (11) global (26) growth (17) health (27) heterogeneity (14) household (10) housing (13)…




Evaluating Microfinance: A Guest Post

…using an alternative evaluation method, one that he hopes will allow him to evaluate a microfinance program without breaking the bank. Evaluating Microfinance When Randomization Isn’t an Option By Michael…



Can Computers Replace Journalists?

…far, the software has been applied primarily to sports statistics, but Frankel sees applications in medicine, crime and finance as well. (Note to self: consider a new career, soon.) [%comments]…



Quotes Uncovered: Crackers and Gum-Chewing

…more recent research. Here is the latest round. frank asked: One quote that comes up frequently in finance (I have also heard it applied to law) is along the lines…



Austan Goolsbee on Austan Goolsbee

…you consider yourself a follower of the Friedman/Stigler/Coase/Miller school of economics and finance, or a follower of Keynes and Tobin? – Jeff Carter A. I am more of a data-dog,…