Hat tip: Charlie Brown
Whew.
9 years ago
Wednesday, February 8, 2017
Tuesday, February 7, 2017
Monday, February 6, 2017
Michael Lewis: The Undoing Project
Lewis, Michael. 2017. The Undoing Project: A Friendship That Changed Our Minds. W.W. Norton.
The title is a pun, the prose is breezy and fun to read, and the subject is behavioral economics or, more accurately, the collaboration between psychologists Amos Tversky and Daniel Kahneman that played a foundational role in the development of behavioral economics. There are bits about other scholars too, like Richard Thaler, but mostly it is the Amos and Danny show. What more could one want? If you are thinking about reading the book to learn more about the academic work that Kahneman and Tversky undertook, you will be disappointed, at least if you want more than the shallowist of substantive introductions. On the other hand, if you already know the academic work and you would like to learn more about their personal stories, including some really interesting bits about work they did for the Israeli military early in their careers (and early in Israel's career), and about their process of team production, you will find much to enjoy.
Buy the book on Amazon.
Buy the book on Barnes and Noble.
Buy the book from the Seminary Coop.
The title is a pun, the prose is breezy and fun to read, and the subject is behavioral economics or, more accurately, the collaboration between psychologists Amos Tversky and Daniel Kahneman that played a foundational role in the development of behavioral economics. There are bits about other scholars too, like Richard Thaler, but mostly it is the Amos and Danny show. What more could one want? If you are thinking about reading the book to learn more about the academic work that Kahneman and Tversky undertook, you will be disappointed, at least if you want more than the shallowist of substantive introductions. On the other hand, if you already know the academic work and you would like to learn more about their personal stories, including some really interesting bits about work they did for the Israeli military early in their careers (and early in Israel's career), and about their process of team production, you will find much to enjoy.
Buy the book on Amazon.
Buy the book on Barnes and Noble.
Buy the book from the Seminary Coop.
Sunday, February 5, 2017
Gentleman's C ....
.... one of my favorite blogs on the blogroll (and yes, I know it desperately needs updating) has reappeared. This post about students and this one about campus electronics provides a worthy example of its timeless wonders.
Saturday, February 4, 2017
America First, the Netherlands Second
A most excellent mocking of the Donald (but perhaps a bit edgy for some).
Hat tip: a fine colleague indeed.
Friday, February 3, 2017
New paper on state tuition walls
I have seen this paper presented twice and really like it. It suggests that the welfare losses due to tuition differentials between in-state and out-of-state students are non-trivial. Seems like it is trade barriers like this that the commerce clause was supposed to prevent.
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The Out-of-State Tuition Distortion
Brian G. Knight, Nathan M. Schiff
NBER Working Paper No. 22996
Issued in December 2016
Public universities in the United States typically charge much higher tuition to non-residents. Perhaps due, at least in part, to these differences in tuition, roughly 75 percent of students nationwide attend in-state institutions. While distinguishing between residents and non-residents is consistent with welfare maximization by state governments, it may lead to economic inefficiencies from a national perspective, with potential welfare gains associated with reducing the gap between in-state and out-of-state tuition. We first formalize this idea in a simple model. While a social planner maximizing national welfare does not distinguish between residents and non-residents, state governments set higher tuition for non-residents. The welfare gains from reducing this tuition gap can be characterized by a sufficient statistic relating out-of-state enrollment to the tuition gap. We then estimate this sufficient statistic via a border discontinuity design using data on the geographic distribution of student residences by institution.
Link to paper at NBER.
-------------------------------------------------------------------------------------------------------------------
The Out-of-State Tuition Distortion
Brian G. Knight, Nathan M. Schiff
NBER Working Paper No. 22996
Issued in December 2016
Public universities in the United States typically charge much higher tuition to non-residents. Perhaps due, at least in part, to these differences in tuition, roughly 75 percent of students nationwide attend in-state institutions. While distinguishing between residents and non-residents is consistent with welfare maximization by state governments, it may lead to economic inefficiencies from a national perspective, with potential welfare gains associated with reducing the gap between in-state and out-of-state tuition. We first formalize this idea in a simple model. While a social planner maximizing national welfare does not distinguish between residents and non-residents, state governments set higher tuition for non-residents. The welfare gains from reducing this tuition gap can be characterized by a sufficient statistic relating out-of-state enrollment to the tuition gap. We then estimate this sufficient statistic via a border discontinuity design using data on the geographic distribution of student residences by institution.
Link to paper at NBER.
Thursday, February 2, 2017
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