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Archive of posts filed under the Economics category.

A whole fleet of gremlins: Looking more carefully at Richard Tol’s twice-corrected paper, “The Economic Effects of Climate Change”

We had a discussion the other day of a paper, “The Economic Effects of Climate Change,” by economist Richard Tol. The paper came to my attention after I saw a notice from Adam Marcus that it was recently revised because of data errors. But after looking at the paper more carefully, I see a bunch […]

My short career as a Freud expert

I received the following email the other day (well, actually it was the other month, as we’re still on blog-delay): Dear Prof. Andrew Gelman, The ** Broadcasting Authority, together with ** – a well-established production company, are producing a documentary about Freud. The documentary presents different points of view regarding Freud’s personality and theories. At […]

Nicholas Wade and the paradox of racism

The paradox of racism is that at any given moment, the racism of the day seems reasonable and very possibly true, but the racism of the past always seems so ridiculous.

“The graph clearly shows that mammography adds virtually nothing to survival and if anything, decreases survival (and increases cost and provides unnecessary treatment)”

Paul Alper writes: You recently posted on graphs and how to convey information.  I don’t believe you have ever posted anything on this dynamite randomized clinical trial of 90,000 (!!) 40-59 year-old women over a 25-year period (also !!). The graphs below are figures 2, 3 and 4 respectively, of The control was physical […]

Fooled by randomness

From 2006: Naseem Taleb‘s publisher sent me a copy of “Fooled by randomness: the hidden role of chance in life and the markets” to review. It’s an important topic, and the book is written in a charming style—I’ll try to respond in kind, with some miscellaneous comments. On the cover of the book is a […]

“More research from the lunatic fringe”

A linguist send me an email with the above title and a link to a paper, “The Effect of Language on Economic Behavior: Evidence from Savings Rates, Health Behaviors, and Retirement Assets,” by M. Keith Chen, which begins: Languages differ widely in the ways they encode time. I test the hypothesis that languages that grammatically […]

An old discussion of food deserts

I happened to be reading an old comment thread from 2012 (follow the link from here) and came across this amusing exchange: Perhaps this is the paper Jonathan was talking about? Here’s more from the thread: Anyway, I don’t have anything to add right now, I just thought it was an interesting discussion.

Bizarre academic spam

I’ve been getting these sorts of emails every couple days lately: Respected Professor Gelman I am a senior undergraduate at Indian Institute of Technology Kanpur (IIT Kanpur). I am currently in the 8th Semester of my Master of Science (Integrated) in Mathematics and Scientific Computing program. I went through some of your previous work and […]

Greg Mankiw’s utility function

From 2010: Greg Mankiw writes (link from Tyler Cowen): Without any taxes, accepting that editor’s assignment would have yielded my children an extra $10,000. With taxes, it yields only $1,000. In effect, once the entire tax system is taken into account, my family’s marginal tax rate is about 90 percent. Is it any wonder that […]

Picking pennies in front of a steamroller: A parable comes to life

From 2011: Chapter 1 On Sunday we were over on 125 St so I stopped by the Jamaican beef patties place but they were closed. Jesus Taco was next door so I went there instead. What a mistake! I don’t know what Masanao and Yu-Sung could’ve been thinking. Anyway, then I had Jamaican beef patties […]