You are invited to enter a competition among models that capture classical choice anomalies (including Allais, St. Petersburg, and Ellsberg paradoxes, and loss aversion) .
A Journal of Marketing Research article finds that annoying ads may cost more money than they are worth
Do cab drivers miss opportunities to make more money when it rains?
REDDITORS’ BEFORE AND AFTER MEASUREMENTS ANALYZED Click to enlarge How many pounds do you need to lose in order to reduce your waistline by one inch? How many kilos do you need to lose to reduce your waistline by one centimeter? We wanted to find out. We were having trouble finding published data (though we […]
This summer, researchers at Microsoft Research NYC launched the Data Science Summer School outreach program (DS3 for short), an 8 week hands-on course to impart skills and increase diversity in computer science.
With technology, old ways of doing things give way to simply better alternatives. We no longer need to pick up a phone to buy a plane ticket or hail a cab. We no longer need to carry cash around to pay for most things. Soon, students may not need to listen to traditional lectures to learn science and math because technology can make most STEM lessons participatory. But will the new model of instruction be as effective as traditional lecturing? In what its authors call “the largest and most comprehensive meta-analysis of undergraduate STEM education published to date”, the answer seems to be yes.
It has come to our attention that a number of papers, all making similar points have been produced at about the same time. Here they are.
A new paper by Juemin Xu and Nigel Harvey called “Carry on winning: The gamblers’ fallacy creates hot hand effects in online gambling” is fascinating.
Preston McAfee, decade-long editor of the American Economic Review, Caltech professor, and all around economist extraordinaire starts today as Chief Economist of Microsoft.
When hiring or making admissions decisions, impressions of a person from an interview are close to worthless. Hire on the most objective data you have.