John Tierney hits a home run with this fantastic column about a recent paper by Keith Chen (whose work on capuchin monkeys has previously caught our attention). The Monty Hall problem is as follows: You are chosen to compete on Let’s Make a Deal. There are three curtains. Behind one of the curtains is something wonderful like a new car. . . .
On April 12, 2005, Freakonomics was published. We had high hopes and low expectations. From what I recall, nothing magical happened on that day. But at 12:01 a.m. on the morning of April 13, this Wall Street Journal review appeared. It was the kind of review that, in the theater, is known as a “money review”: it doesn’t just say . . .
Dubner and Levitt are writing a new monthly column in the New York Times Magazine. The column, like their book, is called “Freakonomics.” The first installment, “Monkey Business,” concerns a young Yale economist who is teaching capuchin monkeys to use money. Read this post for bonus matter.