When is the best time to see the judge?
After the judge has had something to eat.
"…Kahneman discusses how external factors can affect our tendency to fall back on easy “default” decisions instead of taking a few minutes to think the decision through. To drive his point home, he provides one disturbing example from a research article published in PNAS a few years ago.”
(H/T to Randal Olsen for the cool post)
From Internet Trends 2014, a widely read report on the status of the internet, from venture capital firm, Kleiner Perkins Caufield & Byers (KPCB).
Job postings are growing way faster than hires in restaurants and hotels. With time, this might lead to pay raises for an industry known for its low wages.
Check it out: http://n.pr/1neDvjS
Two economists at Michigan had this question: in what cities do home prices exceed the costs of the land and its construction costs?
For some cities, like New York surprisingly, the land costs and construction cost move in line. But for cities like San Francisco and Los Angeles, accounting for land and construction did not explain why these homes were so expensive.
What do they think is the third cost to building a home? Regulation.
Today we’re reposting an old favorite of ours: "What’s Your Major". Our reporter Lisa Chow runs the numbers with an economist about how the choice of a college major can lead to huge differences in income.
Scientists at Harvard have developed robots that can swarm. These tiny guys can group themselves together without any external guidance.
But the robot takeover isn’t likely to happen soon. The swarm apparently take hours to assemble. (H/T Wall Street Journal)
This summer, two economists published a paper assessing the impact of an anti-grade-inflation policy that Wellesley adopted in 2004. Professors were not allowed to let the class average exceed a B+ for intro and intermediate courses.
These were the grade differences by department before they kicked off the policy.
Which department was the toughest grader? Astronomy