Popular Writing
Some of my work for a broader (non-academic) audience:
Policy Journals
A Statistical Look at Roger Clemens'
Pitching Career with Eric Bradlow, Shane Jensen and
Abraham (Adi) Wyner
- Critiques the claim that an analysis by Roger
Clemens' agents that analysis of his career statistics suggests he did not use
performance-enhancing drugs.
- Follow-up commentary: New
York Times (html)
ESPN (html)
(fan
comments); My
Freakonomics post (and
follow-up);
MLB.com (html);
EPSN (html);
NY Daily News
(html);
Star-Telegram
(html);
Philadelphia
Inquirer (html);
AP (html).
How Should We Think
About the Taxpayer Consequences of Divorce? (html)
with Betsey Stevenson
Council on Contemporary Families, April 15, 2008
- Discusses the tax consequences of changing family structure.
- Follow-up commentary in:
Washington Times.
Marriage and the Market
with
Betsey Stevenson
Cato Unbound, January 2008 (Full
symposium here)
- Describes the history of the family as a response to economic conditions
Study of Unconscious Bias Withstands
Harshest Scrutiny with Joe Price
Sports Business Journal, 10(8), June 11 2007.
- Describes our research on racial bias by NBA referees, and responds to
several criticisms.
Prediction Markets for Business
and Public Policy with Andrew Leigh
The Melbourne Review, 3(1), May 2007
- Provides an introduction to prediction markets, and proposals for a legal
framework in Australia.
Statement
on Prediction Markets
A policy proposal for making prediction markets more
accessible in the U.S. Signed by four Nobel Laureates, and
leading prediction market researchers (including yours truly)
New Uses for
New Macro Derivatives
Federal Reserve Bank of San Francisco Economic Letter,
2006-31, August 25, 2006.
- Summarizes recent data on economic derivatives, showing
that these prediction market data yield more accurate forecasts
than the consensus survey.
The Death
Penalty: No Evidence for Deterrence with
John J. Donohue
The
Economists' Voice, 3(5), April 13, 2006.
- Argues that Gary Becker and Richard Posner are wrong to
think that the death penalty deters murder. We find little
empirical support for their claim of deterrence. If anything,
when one looks over the longest period possible (1934-2000)
there is more evidence that the death penalty stimulates murder
than that it deters murder.
-
A reply from Paul Rubin
- And our
response
"Experimental Political Betting Markets and the 2004 Election"
with
Eric
Zitzewitz
The Economists' Voice, 1(2), October 12, 2004
- We recently persuaded TradeSports to run experimental
contingent betting markets, in which one bets on whether President Bush will be
re-elected, conditional on other specified events occurring. Thhese markets suggest
that issues outside the campaign - like the state of the
economy, and progress on the war on terror - were key
factors in the 2004 U.S. election.
- Subsequent coverage in the
Rocky Mountain News and
Capitol Hill Blue
"Pricing Political Risks with Prediction Markets" (html)
Stanford Institute for Economic Policy Research Policy Brief, June
2004.
- Discusses political prediction markets, with an eye to the forces likely to be
important in the 2004 U.S. Presidential Election.
"The Best
and Worst of the United States" with Andrew
Leigh
Australian Quarterly: Journal of Contemporary Analysis,
September-October 2003
- This essay attempts a
balanced assessment of the US, praising her greatest
policy achievements and weaknesses.
"Economics,
Experiments and Psychology", (html)
with Andrew Leigh
Quadrant, January - February 2003.
- Reviews the contributions of our latest Nobel Laureates,
psychologist Danny Kahneman and experimenter Vernon Smith,
arguing that recent innovations in collecting field data will
lead to further progress.
"Moving to
Opportunity", with Andrew Leigh
Australian
Quarterly: Journal of Contemporary Analysis, September 2001.
- A radical US social experiment is showing how your
neighborhood affects your life chances.
"Abortion
and Crime",
with Andrew Leigh
Australian
Quarterly: Journal of Contemporary Analysis, August
2000.
- Examines Australian data on the link between the rise in
abortion and the fall in violent crime.
Profiles of my Research
Everythingonomics
(scanned
version with photo)
Australian Financial Review, April 19, 2008, by Deidre
Macken
- An interesting assessment of the current state of economics.
ESPN Magazine: "Behind-the-scenes"
powerbrokers in sports
- And I get called the "Agitator".
Profile in American Magazine: A
Bettor World (html
version)
- A (rather colorful) profile of your truly.
Radio: Economics
Reimagined
(mp3 file) (Full
1 hour program) (PRI
Website)
Radio Open Source, with Christopher Lydon, Public Radio
International, January 11, 2007.
- Radio discussion about the future of economics.
- Full program includes Diane Coyle, Stefano DellVigna and Jesse
Rothstein
The Future of Economics Isn't So Dismal (html)
(table)
New York Times, January 10, 2007, by David Leonhardt
- Describes 13 young economists (including yours truly) as
"the future of economics".
Television and Radio Appearances Discussing My Research
Radio: Prediction
Markets (mp3
file)
Fair Game, with Faith Salie, Public Radio International, March
26 2007.
- Radio discussion about prediction markets on politics and
popular culture.
Television:
"Bloomberg on the Markets" (avi file)
Bloomberg TV, March 8, 2007.
- Discusses the fact that the Economic Derivatives market
better predict economic outcomes than the consensus survey of
economists.
Television: "Money
and Politics" (avi file)
Bloomberg TV, February 23, 2007.
- Discussion about the use of prediction markets to
forecast election results
Video: Prediction
Markets: An Introduction
New Horizons in Science Briefing, October 29, 2006.
Hosted by the Council for the Advancement of Science Writing,
and Johns Hopkins University.
Television: Super
Bowl XXXVIII: Behavioral Finance and Sports Betting (Real
Player Required)
CNNfn: "Dolan's Unscripted", January 28, 2003.
- TV interview in which we discuss the link between
behavioral finance and sports betting.
- Includes my successful Super Bowl tip (The Patriots).
- Related radio interview: KNBR-AM
680: "Not Just Sports Show" with John London
and Dennis Cruz (real media) 1/21/2003.
Television: Winning
on the World Series: When Psychology and Finance Meet Sports
Betting
KTVU: "The Ten O'Clock News", November 17,
2003.
-Reviews a pre-World Series seminar studying the intersection between Behavioral
Finance and Sports Betting
Op-Eds and
Columns
A Death Penalty Puzzle (html)
with Cass Sunstein
Washington Post, June 30, 2008
- How the Supreme Court misread our research on the effects
of capital punishment.
- Further background info
here.
Look at the Benefits of Higher Gas Prices (html)
(listen
here)
NPR Marketplace Commentary, June 20, 2008
- Argues that recent concerns about high gas prices may be
misplaced.
Decoding the Prediction Markets
(html)
with David
Stromberg
Wall Street Journal Online, June 12, 2008
- Compares the election forecasts from a leading econometric
model, in order to better understand what is driving prediction
market prices.
"A Split Decision With a Clear Winner" (html)
Wall Street Journal Online, May 7, 2008
- Even as Obama and Clinton traded primary victories, the
markets awarded the declare Obama the victor and the likely
Democratic nominee.
"Clinton's Win Doesn't Move Political Markets" (html)
with David Rothschild
Wall Street Journal Online, April 23, 2008
- Interprets the implications of the Democratic Pennsylvania
primary. Our verdict: It's a draw.
"Preparing to Parse a Split Decision" (html)
Wall Street Journal Online, March 4, 2008
- Previewing the Ohio and Texas primaries.
"Handicapping the VP Race" (html)
Wall Street Journal Online, February 12, 2008
- Assesses what prediction markets can tell us about the VP
race.
"Report
Backing Clemens Chooses Its Facts Carefully" (html)
(cool
NYT graphic)
with Eric Bradlow, Shane Jensen and Adi Wyner
New York Times, February 10, 2008
- Finds strong hints in Roger Clemens' career statistics
pointing to steroid use.
Leading to follow-up reports of our findings:
ESPN (html)
(fan
comments); My
Freakonomics post (and
follow-up);
MLB.com (html);
EPSN (html);
NY Daily News
(html);
Star-Telegram
(html);
Philadelphia
Inquirer (html);
AP (html).
"Markets Show Late Surge for Obama" (html)
Wall Street Journal Online, February 5, 2008
- A "Super Tuesday" preview, and viewer's guide.
"Edwards Dropout Offers Boost to Obama" (html)
with Eric Zitzewitz
Wall Street Journal Online, January 31, 2008
- Political markets suggest that Edwards supporters will
shift to supporting Barack Obama.
"How Rudy's Bet Went Wrong" (html)
Wall Street Journal Online, January 23, 2008
- Prediction markets suggest that Giuliani's problems in the
GOP nomination race are due to poor campaigning, rather than a
poor strategy.
"Clinton's Historic Surprise" (html)
Wall Street Journal Online, January 9, 2008
- Suggests that Clinton's victory in the New Hampshire
primary was more surprising than Truman beating Dewey in 1948.
"Prediction Markets Forsee Turning Point"
(html)
Wall Street Journal Online, January 8, 2008
- Assesses evidence of momentum effects subsequent to the
Iowa caucuses.
"Using Markets to Handicap Iowa" (html)
Wall Street Journal Online, January 2, 2008
- Provides a market-based baseline against which to assess
the Iowa caucus results.
"Best Bet
for President: Prediction Markets"
(html)
Wall Street Journal Online,
December 31, 2007
- How to use prediction markets to track the 2008
presidential race.
- And
Dan Drezner disagrees on NPR's marketplace
"Divorced from Reality" (html)
New York Times, September 29, 2007.
- Debunks the widely-held view that divorce rates are
rising. In fact, marital stability has been rising since
the 1970s.
"Blow the Whistle on Betting Scandals" (html) (cool NYT graphic)
New York Times, July 27, 2007.
- Suggests a new gambling policy that may minimize corruption and help compulsive gamblers.
"Wisdom of the Masses"
with Andrew Leigh
Australian Financial Review, June 8, 2007.
- Provides a digestible introduction to prediction markets, with an
Australian emphasis.
"In Basketball,
and Life, Race Has Influence" with Joe Price
The Ithaca Journal, May 31, 2007.
- Discusses the broader context of our study on racial bias in NBA
refereeing.
"Lies and
Statistics: Happiness in Australia"
with Andrew Leigh
Australian Financial Review, August 13, 2005.
- Presents evidence that surveys of subjective well-being have
consistently ranked Australia to be one of the happiest nations
in the world.
"Unemployed
Finally Get Chance to Work" (html)
with Andrew Leigh
Sydney Morning Herald, June 16, 2005
- Argues that recent proposals to reform unfair dismissal
laws in Australia are unlikely to have much of an effect on the
overall unemployment rate, although it might reduce the extent
of long-term unemployment. Thus there is an equity case to
be made for reforming firing regulations.
"Lies and Statistics: Iraq Election Turnout" (html)
Australian Financial Review, February 25, 2004.
- Comparing the election turnout in Iraq with expectations
embodied in Tradesports prices suggests that turnout was "as
expected". Celebratory media reports reflected either
insufficient information about actual turnout, or the success of
a campaign to dampen expectations.
"Pollsters at Odds with Simple Probabilities" (html)
with Andrew Leigh
Australian Financial Review, October 7, 2004.
- Suggests that pollsters take their margin of error seriously, and report
their polling results as the likelihood that their candidate win the election.
Applied to the 2004 Australian election, this method suggests that the pollsters
understate their true error margins.
"Divorce
is Hell, But so is a Bad Marriage" (html)
with Rohan Wolfers
Sydney Morning Herald, December 10, 2003.
- Reviews evidence on the effects of no-fault divorce laws on
domestic violence and divorce rates, concluding that Australia
should resist a "show-fault" system.
"The
Furor Over 'Terrorism Futures'", (html)
with Eric
Zitzewitz
The Washington Post, July 31, 2003.
- Defends the controversial DARPA prediction markets, arguing
that prediction markets can provide useful information and help
us better understand geopolitical risks.
Also appeared in:
The
Indian Express, Newark Star-Ledger,
The
Guardian, Akron Beacon Journal
"Fasten
Your Seatbelts - Its Going to be a Bumpy Ride", (html)
Silicon Valley Biz Ink, July 2003.
- Assesses the likelihood of economic recovery, arguing that
current U.S. monetary settings are about right, but that the
fiscal stimulus is largely illusory.
- Related commentary on KICU TV: "Silicon
Valley Business", November 18, 2003. (Real
Player req.)
"Policy
Improves by Putting Rhetoric on Trial", (html)
with Andrew
Leigh
Sydney Morning Herald, March 5, 2003.
- Argues the case for "evidence-based
policymaking", and specifically for wider use of policy
trials, and high quality data to sustain careful analysis of
social and economic programs.
- Response
from the Australian Statistician
"Inflation
is Critical in RBA Strategy", (html)
with Christopher Barrett
Australian Financial Review, January 28 2003.
- We argue that the RBA must police its
inflation target symmetrically. If the public merely
believe that the target is "below three percent", then
the threat of deflation can be significant; however a symmetric
belief that inflation will be "above two percent"
provides scope for negative real interest rates.
Also appeared in Online
Opinion.
"To
banish hatred, we must understand it", (html)
with Andrew Leigh
Australian Financial Review, November 1
2002.
- Reviews recent research by Ed Glaeser,
arguing that terrorism can sustain economic analysis that paves
the way for a mechanism that deals with it's fundamental causes.
Also appeared in Online
Opinion.
"Coverage of
Bali tragedy shows how Australia misses the bus in America",(html)
with Andrew Leigh
Sydney Morning Herald,
November 1
2002.
- If the global war on
terror is truly global, surely we care as much about Australians
killed in the Bali bombing as Americans killed on September 11.
But recent press coverage suggests a certain indifference to
non-American deaths.
Also appeared in Online
Opinion.
"Train
the Politicians First", (html)
with Andrew Leigh
The
Canberra Times, September 10, 2002.
- Reviews the evidence on parenting classes, and
argues that the recent Australian policy proposals are
misguided.
Also appeared in Online
Opinion.
"Baseball
Could Learn a Few Things From Australia", (html)
with Andrew
Leigh
New York Times, September 1, 2002.
- Threatened labor disruptions in baseball endangered
the post-season, showing the true
motivations of the players
quite starkly. Against this benchmark, the players
involved in the Australian rugby league scandals look good.
Also appeared in Online
Opinion.
"Numbers
Crunch Salary Cap's Logic", (html)
with Andrew Leigh
Sydney Morning Herald, August 26,
2002.
- Statistics show that the salary cap
has failed to level the playing field and is therefore open to a
legal challenge.
"Family
Friendly?",
with Andrew Leigh
The West Australian, June 20 2002.
- Analyzes the unintended consequences of the Howard
government's so-called Baby Bonus.
Only the abridged
version appeared in the West Australian.
"Smaller
Classes Become Big Issue", (html)
with Andrew Leigh
The Australian, June 1 2002.
- Argues that there is insufficient evidence on the
success of smaller class sizes to support across-the-board cuts
in student-teacher ratios in Australian schools.
Also appeared in Online
Opinion.
Reprinted in: Beyond the Silent Scream: Minorities
in Education, Australia
"If
that City's Where the Boys Are, Then it has to be Fabulous",
(html)
with Andrew Leigh,
Sydney Morning Herald,May 13 2002.
- Argues that the size of a city's gay population is a
reliable indicator of city quality.
This article generated some rather entertaining
controversy:
- Gays
Confronted with Poofed Up Research (html),
15 May 2002
- Sydney
is Not the Sum of its Gays (html),
17 May 2002
- Letters:
All That Glitters is Not Necessarily Golden (html),
19 May 2002
- And
an online debate: Ozscrapers forum,
19-23 May 2002
"Recent
Downturn Wasn't Your Average Recession", (html)
with Rohan Wolfers
Sydney Morning Herald, April
13 2002.
- Assesses the argument that the US recession is over, and
speculates on the new business cycle in both the US and
Australia.
Also appeared in the Melbourne
Age.
A longer version of this article appeared in Online
Opinion.
"US Recession Puts
Us to the Test", (html)
Sydney
Morning Herald, November 1 2001.
- Speculates on the implications for Australia of the US
recession.
"Human
Touch Emerges From Dry Economic Theory",
(html)
Sydney Morning Herald, October
12 2001.
- Reviews the profound contributions of our three latest
Nobel Laureates - Akerlof, Spence and Stiglitz.
"Take
the Money and Run... Or Wrestle",(html)
with Andrew Leigh
Sydney Morning Herald, May 15
2001.
- Reviews Duggan and Levitt's findings that Sumo wrestling is
fraught with corruption, and discusses the implications for
recent cricket scandals.
"A Jobs Miracle
That Has Baffled the Experts",
with Andrew Leigh
The Canberra Times, March 5 2001.
- Discusses Katz and Krueger's analysis of the US
unemployment miracle.
Also appeared in Online
Opinion.
"Howard Dumbs
Down the Policy Debate", with Andrew
Leigh
Australian Financial Review, July 6 2000.
- Argues that the market for economic policy advice in
Australia needs to be deregulated.
Also appeared in Online
Opinion.
"Unfair
Admissions Index", with Andrew Leigh
Sydney Morning Herald, December 13
1999.
- Argues that current university admissions procedures are
inequitable.
"Abortion's
Secret Legacy", with Andrew Leigh
The Melbourne Age, November 11 1999.
- Reviews Donohue and Levitt's argument that there is a
causal link between Roe v. Wade and the recent decline in crime.
Also appeared in Online
Opinion.
Blogging
Election Commentary
Election 2008 Columns for Wall Street Journal Online
Related commentary:
-
NPR: Here and Now program, March 3, 2008. (Requires real player)
Election 2006 Commentary (US Midterms):
- Business Week, 11/13/2006,
"Question of the
Week: Economic effects of the Democrats winning Congress"
- Bloomberg, 11/8/2006,
"Sick of Polls?
Gamblers Bet Democrats Will Take Over House"
- Newsweek, 11/6/2006,
"Predicting the Future
of Politics"
- Reuters, 11/6/2006,
"GOP seen keeping U.S. Senate, online markets say"
- Detroit Free Press, 11/5/2006,
"Political
Digest"
- Toronto Star, 11/5/2006,
"A Week's Worth of
Science News: Markets rule OK"
- Wall Street Journal Econoblog, 11/3/2006,
"How Much Do
Election Shakeups Affect the Nation's Economy?"
- Bloomberg Radio, 11/1/2006,
Pre-election interview
- Reuters, 10/27/2006,
"Analysis - Going
long on the Republicans so far a losing bet"
- Wall Street Journal, 10/26/2006,
"Ahead of the Tape:
November Surprises"
- The New York Sun, 10/5/2006,
"Caught Naked on Election
Night" [Hint: It's metaphorical!]
How Much Do
Election Shakeups Affect the Nation's Economy? (html)
Wall Street Journal, Econoblog, November 3, 2006.
- Analyzes likely economic and financial consequences of the
2006 midterm congressional elections.
"Lies and Statistics:
Betting on Latham" (html)
with Andrew
Leigh
Australian Financial Review, December 19, 2003.
- Early market moves suggest that the Labor Party pulled the
right reign in elevating Mark Latham to the leadership.
Election 2002: Commentary on
mid-term US elections
- KRON TV
evening news: Election-eve interview with Catherine
Heenan (real media) 11/4/2002.
- KGO
radio drive-time: Election-eve interview with Rosie
Allen (real media) 11/4/2002.
- KRON TV
morning news: Election morning interview (live) with
Phil Mattier (real media) 11/5/2002.
- KGO TV
evening news: Interview with David Louie on economic
conditions (real media) 11/5/2002.
(You will need Real Player to
view these files. Download a free copy here.)
"Oil
prices may make US voters swing", (html)
with Andrew Leigh
The
Canberra Times, November 5 2002.
- Report on the likelihood of state
governorships changing hands in Election 2002.
"Winner
Takes All", (html)
with Andrew Leigh
Sydney
Morning Herald, September 29 2001.
- Analyzes the forecasts of three possible tools for predicting
the 2001 Australian Federal Election: opinion polls, economic
indicators and gambling odds.
A longer version of this article appeared in Online
Opinion.