Posts Tagged ‘Freakonomics’

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Are You a Follower?

    Jul 2, 12 • 199 Views • Behavioral Economics, Businesses, Environment, Government, Households, Macroeconomic Measurement, Regulation, UncategorizedNo Comments

    This sign in Arizona’s Petrified Forest was having little impact: “Your heritage is being vandalized every day by theft losses of petrified wood of 14 tons a year, mostly a small piece at a time.” However, after some sign experimentation,...

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    Does Luck Matter?

    Oct 31, 11 • 97 Views • Behavioral Economics, Businesses, Economic Debates, Innovation, Labor, Regulation, Thinking EconomicallyNo Comments

    In Las Vegas, the 2010 World Series of Poker was composed of 32,000 players and 57 separate tournaments. For the final event, $9 million was at stake. Freakonomics economist Steve Levitt and U. of Chicago law professor Thomas Miles studied the poker world...

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    Pay-As-You-Throw

    Jan 19, 11 • 112 Views • Economic Debates, Environment, Government, Households, Regulation, Thinking EconomicallyNo Comments

    Hearing Beethoven’s Fur Elise, a Taiwan resident knows the garbage truck is near. As described by a Washington Post writer, entire neighborhoods assemble with their garbage as the truck approaches. Called pay-as-you-throw (PAYT), through unit-pricing,...