Category Archives: Uncategorized

Need we say more?

That is the title of this theoretical paper by Robert Bosch, Robert Fathauer, and Henry Segerman. Here is the 32-word abstract: “We discuss what it might mean for a die to be numerically balanced, explore connections with magic squares, and … Continue reading →

The Coase theorem applies to situations involving economic externalities, i.e. activities that produce harmful effects. It states that bargaining will lead to an economically efficient outcome, regardless of the initial allocation of property rights, when three conditions are met: (1) … Continue reading →

Zachary Abel’s work (pictured below) is a hollow sphere of 720 interwoven paperclips in the shape of a snub soccer ball. (Hat tip: Cliff Pickover.)

What’s going on here? Why won’t these people sell their lottery tickets? Endowment effect? Anticipated regret? Market failure? (Hat tip: Alex Tabarrok, via Marginal Revolution. More details here, via kottke.org.)

1. Daniel Lemire 2. James Roper 3. Wikipedia

What’s up with the proliferation of fake stop signs, especially on privately-owned roads and shopping center parking lots? Our student Gabriel Feliciano brought to our attention this fascinating thread on fake stop signs. Our recommendation: in place of fake stop signs, why … Continue reading →