Last year NPR’s Uri Berliner took money from a savings account that was losing value to inflation and bought a range of assets that included a painting and a haul from Costco. So how’d his money do? Today on the show: The penny. And the strange spot it occupies in our economy. It’s worth almost nothing, but not quite. How much of what we think of as the beautiful sound of a Stradivarius is the instrument itself — and how much is the brand?
How a Math Genius Hacked OkCupid to Find True Love
Your purchase helps support NPR programming. Paul Oyer, a professor at the Stanford Graduate School of Business, has been teaching economics for almost two decades. His experience with online dating started much more recently. But when he started looking for love online, Oyer discovered that the principles he teaches in the classroom were surprisingly applicable to this new marketplace. It [illustrates them] in a nice context because I think a lot of people think about economics and they think about money.
And I really like teaching economics through online dating because it’s a context where no money changes hands, and yet so many of the ideas we as economists study are playing out.
The nationwide NPR is to be held from April 1 to September 30 to The questionnaire for NPR is likely to continue with the controversial column on “date and Breaking News Events and Latest News Updates on The Economic Income tax return · How to calculate income tax online · Latest News.
OYER: Well, a thick market is one with a lot of participants. Now in the online dating world — and the job market is exactly the same — we want a thick market because we want better matches. OYER: …for my own personal reasons. And so these niche sites can be very useful, if the niche is big enough. The niche sites that have done very well are the ones where the niche is big enough to create a thick market. So Christian Mingles has been very successful, for example. SIEGEL: Now, in your chapter on thick and thin markets, you manage to go from online dating services to work on how hospitals hire gastroenterologists.
I want you to explain the connection there. OYER: Well, so the gastroenterologist market every year is exactly like the dating market. At the end of a fellowship, a gastroenterologist will go looking for a job. And there are hospitals out there that are looking for gastroenterologists. There are just a few hundred — I forget the exact number — gastroenterologists who become available every year.
In some years, when supply of gastroenterologists is particularly low, the market breaks down. And somebody has to come in and fix the market from outside, rather than let supply and demand naturally do it by itself.
Everything I Ever Needed To Know About Economics, I Learned From Online Dating
Robert Smith. Economists have a yearly job market that works a little bit like speed dating. About 1, economics graduate students converged on the chilly Chicago streets in early January. Some of them ran through those streets, trying to get to the next hotel on time. At some point in time, the economics profession decided it was going to create a job market unlike any other.
They were going to create a system that is the most efficient job market imaginable.
Not online dating – she’d met people online before – but just generally, she’d been feeling like she needed a whole new approach. LISA CHOW.
Three people were taken to the hospital where one died after shots were fired in Fayette Mall around Sunday afternoon. The two other victims, “a year-old man and a year-old girl, suffered non-life-threatening injuries” according to Lexington Police Chief Lawrence Weathers. Weathers said it appears the shooting was an isolated incident that stemmed from a verbal altercation between Bottoms and one suspect.
The other victims are believed to be uninvolved bystanders. Donate your car to WUKY. It’s simple, hassle-free, and a great way to help fund your favorite public radio station. The Kentucky Transportation Cabinet has partnered with the National Highway Traffic Safety Administration and law enforcement on a campaign aimed at stopping impaired drivers.
The University of Louisville is requiring students who are taking in-person classes to be tested for the new coronavirus. The university says the mandatory test must be taken between Monday and Sept.
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Robert Smith. Find all episodes of Planet Money Summer School here. It’s a way to see the world, a lens of great power and beauty. It can help us understand everything from the stock market to marriage and divorce to elections to the decisions you make in everyday life. In today’s episode, we learn to make decisions like an economist.
We learn a few of the fundamental concepts of economics, then watch them in action. Our reporter applies the concept of opportunity cost to her dating life, and shrugs off the sunk cost fallacy. We put a deal for chicken nuggets to the test of marginal cost and marginal benefits, and we take Uber for a ride to cost-benefit test.
What makes us click? Ask an online dating expert
Free, open access text for introductory undergraduate courses Read the free ebook Buy the book. Un libro gratuito, ad accesso aperto, per corsi introduttivi di lauree triennali Libro de texto gratuito y de libre acceso para cursos introductorios en pregrado Using policy problems to motivate learning the concepts and methods of economics Work through policy problems using real data
Scott Horsley is NPR’s Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and.
The Indicator NPR hide caption. Stacey Vanek Smith. Cardiff Garcia. Economics is known as the dismal science and definitely seems miles away from something to consider on this most romantic of days. But one of our favorite economist couples, Betsey Stevenson and Justin Wolfers, write a Valentine to economics. They say economics has helped them navigate many aspects of their relationship and has helped them make some of their biggest decisions as a couple.
Today on the show, how economics can help your love life! Marriage, kids, big fights, roses
SUMMER SCHOOL 1: Choices & Dating
Remember Me. Once upon a time, behavioral economics and technology both swiped right. They hooked up. And now we have dating apps. These mobile matching markets have revolutionized the way singles meet.
First lesson: Economics is not about money. It’s a lens of great CHOW: When I was doing online dating, I never wrote people emails. I mean.
Paul Oyer studies the economics of organizations and human resource practices. His work has looked at the use of broad-based stock option plans, how firms use non-cash benefits, how firms respond to limits on their ability to displace workers, and how labor market conditions affect their entire careers when MBAs and PhD economists leave school.
He has two grown children, two step-children, and two ill-behaved but sweet Retrievers. This class features GSB instructors discussing their research and its applications to the business world. Each session will present one speaker. To earn the 1 unit credit, students must commit to attend at least 6 out of the 8 talks. This is done To earn the 1 unit credit, students must commit to attend at least 7 out of the 9 talks.
This is done on the honor system It covers microeconomic concepts relevant to management, including the economics of relationships, pricing decisions, perfect competition and the “invisible hand,” risk aversion and risk This class will analyze the growth in inequality in the US over the last several decades and how that trend is likely to continue or change in the future. We will ask if and how public policy can affect inequality.
We will also focus on business’