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When will cars drive themselves?

In a recent blog post, we examined the technological advancements in driverless vehicles and how they are poised to shake up the auto industry. If you haven’t heard the recent hype about self-driving cars or need a refresher, check it out. Otherwise, here’s the nickel tour: Technology now allows computers, rather than human drivers, to   Continue Reading

Watching Cable Is a Turn-Off

When the National Cable and Telecommunications Association opened its Cable Show in Washington, D.C., this week, it did so as some of its most prominent companies extended one hand to reach its most technologically savvy customers and then slapped those same customers with the other. On the kinder side of that exchange, Comcast Chairman and   Continue Reading

The Whole World is Watching

Two billion people worldwide love the sport Americans love to hate. Football (colloquially: soccer) has traditionally been deemed unpalatable by the American audience. Soccer in the United States has customarily maintained a dreadful reputation, received underwhelming support, been the target of mockery from certain mainstream television programs, suffered belittlement from “traditional” sports fans, and produced   Continue Reading

Broken Windows and Hurricane Sandy

“It is an ill wind that blows nobody good. Everybody must live, and what would become of the glaziers if panes of glass were never broken?” You hear the same consolation after every natural disaster. The financial and emotional destruction of Hurricane Sandy was terrible. Thousands of homes and vehicles were destroyed, leaving many people   Continue Reading

Lump of Labor Fallacy

I was shopping at my local grocery store the other day when I overheard a conversation between a gentleman and one of the checkout clerks. The man had got in line in the clerk’s checkout lane behind a lady with a cart full of groceries that were going to take a long time to ring   Continue Reading

Behavioral Economics 101

Numerous long-standing economic theories employ a fundamental assumption that we are Homo Economicus: the rational, self-interested human being who makes choices based on thoughtful reason, free from personal bias, in order to maximize utility. According to this assumption, the Economic Man considers all possible outcomes given current information, then makes choices that are in his   Continue Reading

Why Isn’t China AAA?

China—the world’s second largest economy. The past three years have shown almost unbelievable gains in the Chinese gross domestic product (GDP). As recently as Q2 2011, China’s economic output grew 9.5% year-over-year. This is slowed from 9.7% in the first quarter and down significantly from 11.9% growth in Q1 2010. The Chinese government is actually   Continue Reading

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