• Quickmemes for Academics

    Updated: 2012-12-23 05:31:42
    | Peter Klein | True confession: I love quickmemes. Yes, I know, they’re juvenile, most are silly, and more than a few are vulgar. But they make me laugh, sometimes uncontrollably. What about versions for academics? We could have Success Prof, Overly Attached Coauthor, Successful Grad Student, Sheltering Suburban Department Head, and so on. I’ve [...]

  • Virtual Seminar with Benito Arruñada – Reminder

    Updated: 2012-12-20 19:07:11
    | Lasse Lien | 2013 will get a flying start here at O&M. Wednesday the 3rd of January we will kick off a virtual seminar over former guest blogger Benito Arruñada’s new book, Institutional Foundations of Impersonal Exchange (Chicago UP). Here are some reasons you should log on and join the discussion: The book deals with [...]

  • You See the Apocalypse, I See a Profit Opportunity

    Updated: 2012-12-20 15:23:15
    | Peter Klein | Game theorists often discuss finitely repeated games by asking, “What if both parties know the world ends in period T?” If the principle of backwards induction holds, then I suppose no Mayans have been able to achieve cooperation in a repeated prisoners’ dilemma game for thousands of years — both parties [...]

  • Review Paper on Prospect Theory

    Updated: 2012-12-18 15:18:14
    | Peter Klein | We haven’t been entirely kind to behavioral economics, but we certainly recognize its importance, and have urged our colleagues to keep up with the latest arguments and findings. A new NBER paper by Nicholas Barberis summarizes the literature, focusing on prospect theory, and is worth a read. Thirty Years of Prospect Theory [...]

  • TILEC Workshop on “Economic Governance and Organizations”

    Updated: 2012-12-15 22:00:14
    | Peter Klein | The Tilburg Law and Economics Center (TILEC) is organizing a very interesting  workshop on ” Economic Governance and Organizations,” 6-7 June 2013 in Tilburg. The core themes revolve around governance mechanisms — legal, contractual, social, etc. — that can address social dilemmas (free riding). Keynote speakers are Luis Garicano, Henry Smith, Henry Hansmann, and Guido [...]

  • Web-Savvy Profs

    Updated: 2012-12-12 03:27:08
    | Peter Klein | I’m #57 on a new list of Top 100 Web-Savvy Professors. Teppo smokes me at #19, but I’m right up there with Clay Christensen, Noriel Roubini, Austan Goolsbee, Richard Thaler, and other luminaries. I don’t know the group behind the list or how the ranking was compiled, but it looks good to [...]

  • Complementaries in the Age of the App

    Updated: 2012-12-11 05:32:23
    | Peter Klein | Josh Gans asks if “we have yet evolved to the right set of institutions in the app economy,” comparing contracts between app developers and distributors/publishers to those between book authors and publishers. He also notes, correctly I think, that app development may have more to do with signaling programming skill than [...]

  • The Perfect Christmas Tree

    Updated: 2012-12-08 16:32:16
    | Peter Klein | Looking for the perfect holiday gift for that special someone? Lots of friends and family on your Nice List? Get them a book from your favorite O&M authors. If you really want to show your love, get the whole bunch! Links and ordering information are on the right-hand sidebar on the O&M [...]

  • Against Scientism

    Updated: 2012-12-06 18:13:55
    | Peter Klein | Hayek defined “scientism” or the “scientistic prejudice” as”slavish imitation of the method and language of Science” when applied to the social sciences, history, management, etc. Scientism represents “a mechanical and uncritical application of habits of thought to fields different from those in which they have been formed, and as such is [...]

  • Creative Destruction Chart of the Day

    Updated: 2012-12-04 21:36:50
    | Peter Klein | Via John Hagel, a chart from Mary Meeker showing the percent of personal computing devices (including, today, phones and tablets) accessing the web from various operating systems. Joseph Schumpeter, call your office! Filed under: - Klein -, Business/Economic History, Innovation

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