Quotes Uncovered: Who First Took Things With a Grain of Salt?
…learned from my business statistics prof, then two years later from a different prof in finance: “There are three kinds of lies — lies, damned lies, and statistics.” Both professors…
…learned from my business statistics prof, then two years later from a different prof in finance: “There are three kinds of lies — lies, damned lies, and statistics.” Both professors…
We talk to a U.S. Geological Survey physicist about the science — and folly — of predicting earthquakes. There are lots of known knowns; and, fortunately, not too many unknown…
…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…
…for answers he couldn’t remember or for insights into his personality and leadership. … But, and this is what caught me off-guard, he twice said “I don’t know” in response…
…of promised benefits from Social Security and, especially, Medicare over the taxes now in place to finance these and other programs – that seriously threatens the long-run health of the…
Stephen Dubner, live on stage, mixes it up with outbound mayor London Breed, and asks economists whether A.I. can be “human-centered” and if Tang is a gateway drug….
…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…
What’s the connection between conversations about money and financial literacy? Could the taboo against talking about your salary be fading? And why did Angie’s teenage daughter call Vanguard to learn…
…private schools before college, and 40 percent attain an advanced degree afterward.” As further indication that the school is among the more prestigious: the “fields of education, finance, health care,…
…Family and personal circumstances also influence the labor-leisure decision in ways that lead to ambiguous predictions of the effect of ERIs on achievement. Finally, principals and administrators may respond to…
…I completely agree. I hope that will not be necessary. A couple other random observations: I thought the mix of industries was interesting. I saw video games, consumer finance, real…
…finance their new-car purchases, easy loans kept U.S. sales hovering around 17 million vehicles a year until gas prices spiked. At the same time, substantial gains in quality and reliability…
…the day, they could never be sure who had voted for them. A similar anti-transparency argument can be applied to campaign finance. We might replicate the benefits of the voting…
Great athletes aren’t just great at the physical stuff. They’ve also learned how to handle pressure, overcome fear and stay focused. Here’s the good news: You don’t have to be…
…paralyzing debate. Since transportation is mostly funded by gas taxes that are levied on a per-gallon basis, are rarely raised, and are not even indexed for inflation, the transportation finance…
In the American Dream sweepstakes, Andrew Yang was a pretty big winner. But for every winner, he came to realize, there are thousands upon thousands of losers — a “war…
A special episode: Steve reports on a passion of his. Most high-school math classes are still preparing students for the Sputnik era. Steve wants to get rid of the “geometry…
…to Australia to begin his first academic appointment at ANU. Over the next few years he proceeded to write on everything from income inequality, to public finance, discrimination, education, and…
…retracement strikes me as nonsense on stilts as applied to finance. I’m not as convinced by the short-term, random-walk hypothesis as I was in the days before programmed trading. But…
| 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…
…Washington used a lottery to assist in the funding of the Continental Army and purchased the first ticket for a federal lottery— sponsored to finance improvements in Washington, D.C. —…
Claudia Goldin is the newest winner of the Nobel Prize in Economics. We spoke with her in 2016 about why women earn so much less than men — and how…
…as efforts to curb greenhouse gas emissions have faltered: Venture capital and private equity investments fell 34 percent last year, to $5.8 billion, according to Bloomberg New Energy Finance. Now…
…58 percent. Liberty officials say such statistics reflect an admissions policy geared more toward opportunity than exclusivity. And Liberty is doing well on the finance front too: “The university ended…
…coverage effectively, with no evidence of the feared “sunk cost” effect, in which people do not use items acquired for free. Two microfinance charities stand out for their innovative work…
Think you know how much parents matter? Think again. Economists crunch the numbers to learn the ROI on child-rearing.
…was a command economy devoted to an all-out war effort. William Tecumseh Sherman famously stated, “War is hell.” We should add the phrase, “even when financed by large budget deficits.”…
I expect to have a conversation with Nassim Nicholas Taleb, author of Fooled by Randomness and The Black Swan, in the next couple of days. He’s a very smart and…
It’s been a busy week for JPMorgan Chase. It’s only Wednesday, and already the bank has settled one civil fraud lawsuit and been slapped with another one. Both shed light…
Photo: laverrue A few years ago, a friend of mine who used to work on Wall Street told me that the only stock anyone needed to own was Goldman Sachs….
