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A New Formula for the Rent-Splitting Problem

We’ve addressed the rent-splitting problem before. Now, Harvard astrophysics grad student Jonathan Bittner is seeking to solve the problem with a rent calculator to help roommates approximate fair prices in this “market.” Read More »



Are You Smarter Than an Eighth Grader (From 1895)?

The Salina Journal, a daily newspaper in Salina, Kansas, has published a final exam that was given to local eighth-graders in 1895 (via this friendly website). (“It was taken from the original document on file at the Smoky Valley Genealogical Society and Library in Salina, KS.”) Read More »



Middle East Despot Watch

I’ve been watching developments in the Middle East and Northern Africa closely. It can be hard to keep track of it all. Fortunately, the prediction markets at InTrade provide a useful barometer. Read More »



Memo to Syria

Readers of this blog may be surprised to learn that in 2005 I coauthored an article with Jonathan Macey which made explicit predictions about the future of democratization in Egypt. In 2005, Jonathan and I wrote: “We also posit that economic reform will bring increased pressure for democratization in countries such as Egypt and Syria. For this reason, economic reform of the kind we discuss in this Article (simplifying and reducing the costs of business formation) will be a good “leading indicator” of political leaders’ real interest in implementing meaningful democratic reforms that go beyond mere public relations gimmicks.” Read More »