Why Supply and Demand Are Hard to Measure
So does a graph of broadband prices and quantities in different countries tell us about the supply curve or the demand curve? Read More »
The Gang Test
Social psychologist Malcolm Klein devised a test for Los Angeles that he says predicts how likely a child is to join a gang, reports the Wall Street Journal. The test, which can be found here in its entirely, asks kids questions like whether they have just broken up with a boyfriend or girlfriend and how many of their friends have used marijuana. The problem: the city won’t know for several years if the predictions are accurate. Read More »
A Freakonomics Quiz: Inside the Mind of Gary Becker
The annual skit party in the University of Chicago economics department gives the graduate students their one chance each year to exact revenge on the faculty for all the tough love/mistreatment we give them the other 364 days of the year.
At this year’s skit party, there was a faculty version of the old Bob Eubanks TV show The Newlywed Game. My partner was the legendary economist Gary Becker. Alas, we did not fare well. Read More »
How Marriage Helps You Get Your Drinks Faster
The efficiency gains from marriage are well known. It’s also true that for most couples they grow over time. Read More »
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