Podcasts about Freakonomics

Stephen J. Dubner is an award-winning journalist, bestselling author, and co-creator of Freakonomics—the cultural phenomenon that, over the past 20 years, has grown into a global franchise, changing how millions think, revealing the hidden side of everything, and challenging us to question what we know.For the full text transcript, visit ted.com/podcasts/fixable-transcripts Hosted on Acast. See acast.com/privacy for more information.

Three of our favorite segments from the week, in case you missed them.20 Years of Freakonomics (First) | Why Bombing 'Drug Boats' Will Do Nothing to Solve America's Fentanyl Crisis (Starts at 32) | Ten Years of Hamilton on Broadway (Starts at 59)If you don't subscribe to the Brian Lehrer Show on iTunes, you can do that here.

Stephen Dubner, host of Freakonomics Radio and the co-author of Freakonomics (Harper Collins, 2025), now in a new 20th anniversary edition, reflects on 20 years of "Freakonomics," its impact and use of data, and talks about what's next.

Hello, Puzzlers! Puzzling with us today: Freakonomics author and podcaster Stephen J. Dubner!Join host A.J. Jacobs and his guests as they puzzle–and laugh–their way through new spins on old favorites, like anagrams and palindromes, as well as quirky originals.Subscribe to Hello, Puzzlers! wherever you get your podcasts! And come join our growing puzzle community over on Patreon, where you can find bonus episodes and other exclusive content!Our executive producers are Neely Lohmann and Adam Neuhaus of Neuhaus Ideas.The show is produced by Claire Bidigare-Curtis.Our Chief Puzzle Officer is Greg Pliska. Our associate producer is Andrea Schoenberg.Our community manager is Gary Buchler.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

To celebrate the 20th anniversary of Freakonomics, the book that made millions look at the world in a radically different way, co-author Dubner shares from a new edition and reflects on the unexpected impact Freakonomics has had on the world. In conversation with Geoff Bennett, co-anchor and co-managing editor of PBS News Hour, and an NBC News and MSNBC political contributor. This program was held on November 2, 2025. 

This week's Wealth Formula Podcast is about the economics of sports—if you are a sports fan like me, you will love it. But before we get to that, I want to give you my two cents on one of the most important elements to financial success in anything: conviction. As I write this, Bitcoin sold off from a high of $126K to under $90K. Other cryptos have lost 50-90 percent of their value in the same time. It's been called a blood bath. Some are even saying it’s over for Bitcoin. I might even believe them if I hadn't seen the same story at least 5 times before over the past decade. True bitcoiners have tremendous belief in what bitcoin means to the world. Someone who bought $1,000 of Bitcoin in 2010 and simply refused to sell would now be sitting on hundreds of millions of dollars. That is the reward for true conviction. The irony of this bitcoin cycle is that many of those individuals with high conviction are finally cashing in on the fruit of their patience. Almost every day, another wallet that hasn't been active since 2011 is selling off a billion dollars into the market into the hands of Wall Street and governments. That's why prices are tumbling. But don't be fooled into thinking that these buyers are the dumb money holding the bag. The story does not end here. Nor is the Bitcoin story a one-off either. History repeats itself as the story of investments unfolds over time. In December 1999, Amazon stock traded at $106. After the dot-com crash, it fell to $5.97. Every talking head had a eulogy written for the company. But if you were crazy enough to hold through the storm, your conviction paid off spectacularly: $10,000 invested in Amazon in 2001 is worth over $20 million today. Now, moving on to the topics of sports. One of my favorite examples of conviction is from 1920, when George Halas bought the Chicago Bears franchise for $100. The Halas family could've “taken profits” countless times. They lived through multiple depressions, a world war, a dozen recessions, five or six league restructurings, labor disputes, player strikes, and decades of bad seasons. Anybody else would've bailed. But they didn't, and today, the Chicago Bears are valued at over $6.3 billion. These stories have different time periods and different industries, but they all teach the same lesson: Conviction is one of the most profitable assets you can own. That's the message I want to leave you before we move into a perhaps more entertaining topic: the economics of professional sports. Most people think of sports in terms of touchdowns, rivalries, and Super Bowl rings. But the truth is… professional sports is one of the greatest wealth-creation machines in American history. Few people understand those engines better than our guest this week. He's one of the clearest, most respected voices in sports economics today, and he's going to break it all down for us: salary caps, streaming deals, and team valuations. If you are a sports fan, you are going to love this week's episode of Wealth Formula Podcast! Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  Donald Trump pretty much bankrupted the USFL by saying we’re gonna go head to head, uh, with the NFL instead of trying to build a a Spring Sports League. Welcome everybody. This is Buck Joffrey with the Wealth Formula podcast. Happy, uh, Thanksgiving week, uh, and uh, this week because it is a holiday week in, you know, football and all that kind of stuff that goes along with it. We’re gonna talk. About the economics of sports. And if you’re a sports fan like me, you’re gonna really like this. I really had fun with this interview actually. It was just like me asking a bunch of questions I always had. But anyway, before we get to that, I want to give you my 2 cents. One of the most important elements that I think there is give financial success in anything, and that is conviction. And I bring this up to you in part because Bitcoin sold off. Um, and well at least all the time, I’m recording this from a high of 126,000 and then it, it plunged actually below 90,000. And then of course, there were other cryptos that lost 50 to 90% of their value in the same time. Uh, yeah, it was a bit of a bloodbath. It’s been called a bloodbath and it is a blood bath. And of course, there are some who are declaring Bitcoin dead Again. Um, and you know what? I might even believe them if I hadn’t seen, uh, the same story, at least I’d say, I don’t know, maybe four or five times over the past I, eight years, nine years, whatever. True Bitcoiners though, have a tremendous belief in what Bitcoin means to the world and where this is headed. And some of them, well before I ever got in, right? I mean. That serious conviction because, you know, the people who were buying, you know, back in 2012, 13, I mean, this was completely outta nowhere, had no one’s, uh, no one’s support, nothing. In fact, in 2010, uh, you know, if, if you bought Bitcoin back then simply refuse to sell up until now, um, say you bought a thousand dollars of Bitcoin. You’d be sitting on hundreds of millions of dollars of Bitcoin, right? That’s the reward for true conviction. And those people, frankly deserve it. Because can you imagine if you just bought a thousand bucks or something and it was already up to a million, it was already up to 10 million and all the way up to 20 million, you still didn’t sell. I mean, I don’t even know if I could, I don’t know if I could do that. I don’t think I could. I mean, at some point I would be like, take the money and run. Right. Um. You know, it’s a funny thing though. The irony of this Bitcoin cycle that we have right now is that many of those individuals with, you know, super high conviction, um, the ones that were in way before any of us and before me, well, they’re actually, a lot of them are actually cashing out sort of the fruit of their patients. Right. Almost every day right now, you’re seeing a another wallet that’s been dormant since like 2011. And all of a sudden it sells. It’s something that has done nothing, but just sit there in storage, selling off a billion dollars into the market, probably, you know, started out as like 10 grand. Right? And where’s that money going? It’s going to the hands of Wall Street’s, going in the hands of, uh, governments. That’s actually the ironic part here. That’s why prices are tumbling. Because I think people are saying, well, gosh, we’re at a hundred grand. I’m sitting on hundreds of millions of dollars. I’m sitting on a billion dollars. Uh, I think it’s time to get out, right? But don’t be fooled, in my opinion, to think that these buyers are, uh, you know, they’re the dumb people holding the bag. I mean the, the people holding the bag, it’s Wall Street, right? They’re governments and reserves. And, uh, you know, big treasury companies, the story doesn’t end here. And the other thing is that Bitcoin story is not a one-off in history at all, right? In fact, you know, it, Bitcoin gets a lot of attention. But you even look at something like Amazon, right? December, 1999, Amazon stock trading at $106. Then the.com crash comes, and guess what? It fell down to $5 and 97 cents. That’s a Bitcoin like crash, right? And every talking had a eulogy written for the company. And if you were crazy enough to hold through that storm, your conviction paid off spectacularly. If you had $10,000 invested in Amazon in 2001, it’s worth over $20 million today. So anyway, that’s the point I have though. You know, it’s, the point is about conviction. Uh, and, and I’m not saying that you should just be dumb, buy something and be dumb about it, but especially on these asymmetric things where you think something could be really big, give yourself a time, a period, right? I mean. The only thing other than Bitcoin that I think I, I’m really interested in, in the crypto space is something called Solana. Solana is down like 50% from its ties, and I still think that, you know, when the dust settles, I think this is going to be something that’s gonna pay, pay off. Now if I were to watch it day by day, uh. It’s demoralizing, right? But, but I think the point is, if you have some conviction in something, give it some time. You know, say, I’m gonna watch this for at least five years if I can, if I don’t absolutely get into a situation where I need that money, which hopefully you don’t, because this is not where that kind of money belongs. Right? But give it some time and don’t look, there’s lots of noise, and, and, and then just give it some time and see what happens. Right? Now speaking of giving it some time, you know, a similar story in the sports arena in 1920, George Halas, I think it was Papa Bear, right? George Papa Bear. Halas bought the Chicago Bears franchise for a hundred bucks. Yep, a hundred bucks. Now the Halas family could have taken profits countless times, and they lived through lots of, uh, bad times. Depressions, uh, you know, world War, uh, a dozen recessions, five or six, uh, league restructurings, labor disputes, player strikes, decades of bad seasons. And maybe anybody else would’ve billed at some point if they’d made, you know, millions of dollars from the a hundred bucks. But they didn’t. And the Chicago Bears, as much as I don’t like the Chicago Bears, are valued over $6.3 billion. Now these stories, ultimately, they’re, you know, different time periods, different industries, but same lesson conviction, it’s one of the most profitable assets you can own or attributes at least. Maybe it’s not an asset, I don’t know. That’s a message I wanna leave you before we get into the topic of today, which is the economics of professional sports. Now, most people think of sports in terms of touchdowns, rivalries, super Bowl rings, all that kind of thing. But the truth is professional sports is one of the greatest wealth creation machines in American history, and few people understand those engines better than our guest this week. He’s one of the clearest, most respected voices of sports economics today. And he is gonna break it all down for us. We talk salary caps, streaming deals, team valuations. We talk about the Green Bay Packers and why they’re owned by the city of Green Bay instead of owners. All that kind of stuff that you might have wondered about but you never really knew. So if you’re a sports fan, enjoy it and happy Thanksgiving. We’ll have that interview for you right after these messages. Wealth formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own. Bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying you compound interest on that money even though you’ve borrowed it. At result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit Wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show everyone. Today. My guest on Wealth Formula podcast is, uh, Dr. Victor Matheson, professor of Economics and Accounting at College of Holy Cross. He’s a leading authority on sports economics, studying everything from the financial impact of mega events like the Olympics and World Cup, to the inner workings of professional sports leagues, lotteries, and public finance. Uh, welcome to the show. How are you? Well, thanks for having me. Great. Always happy to talk some sports economics. Oh gosh, this is interesting. I’m a huge, uh, I’m a huge sports fan, especially NFL and, uh, so, you know, instead of talking personal finance, you know, without, uh, without any, uh, uh, sports in it, this is definitely a, uh, welcome for me. So, um, well, vigor, let’s start, start with this, you know, um. Most of us who are big sports fans, you know, we’re really driven by the idea of the, the, you know, the, the emotion, the entertainment. Taking a step back from your perspective, how should we look at this whole ecosystem of sports as an economic system? Well, uh, first of all, it’s. It’s both bigger and smaller than, uh, than you would imagine. So if we think of the NFL, the NFL ha generat more revenue than any, uh, sports league in the world. Uh, this year it’ll come in somewhere around 22 ish billion dollars. Uh, that certainly seems like a lot of money. On the other hand, a Sherwin Williams paint store comes in at about that same sort of, uh, revenue, you know. On many podcasts talking about talking about paint, right? Um, if we talk worldwide, all the sports leagues all put together, uh, we’re talking about maybe a hundred billion or so, maybe 120 billion, roughly the same size as Johnson and Johnson. So, uh, you know, it’s a big industry. It’s a, you know, billions in with a B, but it’s also a tiny percentage of, of the total amount of economic. Being generated every year, and, and so we can easily get, uh, um, we can easily get ahead of ourselves and say, well, you know, uh, it’s the biggest company in the world, the NFL, it’s, it’s not even 500. Interesting. Um, so let’s talk a little bit about this, um, uh, how value is created in these leagues. So, so, you know, you said professional leagues are built on the economics of controlled scarcity. So talk a little bit about that, if you would, how this scarcity model drives value and, and, and protects, uh, uh, profitability. Right. So let’s compare, you know, let’s compare a Walmart. To the NFL, right? Uh, so Walmart takes a look at all these potential places that you could put a Walmart and they say, oh, this would be a good one. And a Walmart goes in. And now that Walmart’s generating economic impact and generating revenues for the, for the. For the company and all these sort of things. Now let’s look at the NFL, right? Uh, the NFL does the same thing. They said, Hey, uh, let’s look at Las Vegas. Would that be a good place for a, for a team? Uh, is is London gonna be a good place for a team? Uh, and they look at those. Uh, but here’s the deal. If Walmart looks at 50 places and says, Hey, these 35 would be good places. They’re not gonna just pick the best one for a franchise. They’re gonna put. Walmart’s in all of those, right? Uh, the NFL on the other hand, very specifically saying, you know, we actually don’t wanna put an NFL franchise in every place that we could, uh, make a profit in because we want to be in the, in a world where there are fewer NFL franchises than there are cities that want them, and that generates demand for this. Um, Walmart can’t do that because if Walmart doesn’t put in a franchise somewhere, uh, you know, Target’s gonna come in instead. Uh, that’s not gonna happen in the NFL, uh, because there’s no other competitor to that. So they can actually restrict the number of franchises they have, which means that every franchise is selling at a, a super premium price. These are, you know, at the lowest end, we’re talking five, six, $7 billion franchises. Now, uh, they could sell multiple new expansion franchises, but they choose not to. To maximize the value of those existing franchises. It’s been a while actually since the NFL expanded, um, the league. And I’m curious, what are, you know, what is it that drives them ultimately to do that? I mean, again, you just mentioned there’s this whole scarcity issue. I mean, what do you think are sort of the limitations or sort of the. You know, the, the, the points at which they say, well, gosh, maybe we do move to London, or maybe we do that. Like, do you have a sense of that? Yeah. So a couple things they wanna do. So first of all, one of the big things that all of the leagues in the United States have done is they want to be a big enough league to make sure that they cover all of the good spots or most of the good spots for a team. You don’t wanna leave enough good team locations that a rival league could come and start to challenge you. Right? So thinking back to the 1950s, uh, one of the most important sports leagues ever to come about in the United States. Actually never even existed. And this league is what was called the Continental League. And the Continental League in the 1950s arose as a challenger to major league baseball. Major League baseball in the 1950s was exactly the same size as it was in 1901. It was 16 teams. But the United States had grown immensely and the league had started to move, you know, the Dodgers to LA and the Giants to San Francisco, but you still had huge amounts of the country uncovered by baseball. And so this Continental League came about as an idea saying, you know what? We can take on Major League Baseball by putting franchises in places that it doesn’t exist. They said, oh, here’s our new eight league team. And the way Major League Baseball responded to that is before continental baseball could even start, uh, start existing, it said, oh yeah, well we’re gonna put a team in Minneapolis. We’re gonna put a team in Houston. We’re gonna put teams in these Lee in these cities that the Continental Baseball Association was gonna go into. And therefore, uh, continental baseball never got into existence because Major League Baseball expanded into those locations and everyone has taken that, that hit. You need to be big enough to make sure that every place with a, a good chance at having a team, or at least most of them, uh, are covered so that there’s 8, 10, 12 cities out there, uh, a big enough footprint that you could have your own new league. Uh, do that. So, I mean, if you look at the NHL, if you look at NBA major league baseball, NFL, all about 30 teams. There’s about 30 or a few more big cities. But what’s very important is there’s not 10 or 12 big cities out there, uh, without NFL teams, without football teams that. A rival league could move into that space. You know, I’m curious when you, you brought up that Continental league in baseball. It reminds me when I was a kid of, uh, the United States football, like the USFL and all, they got all these, uh, players, like I remember Herschel Walker started there and, and there was a number of actually guys who ended up in the NFL and being big stars there. So they, they definitely, uh, started out pretty strong. What went wrong for the USFL? It’s so funny you say that. Uh, the answer is actually one big, uh, name. It’s actually Donald Trump. Yeah. So, so what USFL did is, is they noticed that their niche was, um, was the spring, right? We play college football, we pay play high school football, and we play the NFL in the fall, which means that, uh, people out there in the spring, there’s no football out there to be had. The USFL said, you know, we could move into this market. So first of all, we’re gonna move into the spring where there’s not a rival. Second of all, we’re gonna take at least some cities where there’s not active, um, football teams either places like Birmingham, right? Uh, so any case, uh, what happened there is the USFL. Kind of got a little, its ego kind of got ahead of itself and it said, Hey, now that we’ve established ourselves in the spring, we do have some big stars like, uh, uh, Herschel Walker, like Doug Flutie, uh, some of these others. We’re gonna try to take the, uh, take the NFL on, uh, head to head and we’re gonna move from the spring to the fall. And the other thing they did that was very important is they filed a lawsuit against, uh, the NFL, saying that the NFL was engaging in antitrust activity that was keeping this rival league down. It was, uh, keeping them off TV by using their market power with some of the broadcasters. It was using its market power with stadiums to keep these teams out. And so they took him to court, and I think the, the hope was that there would have to be a settlement and that settlement would result in the USFL merging with the NFL. And the owners of the big teams in the USFL would kind of get a backdoor into the NFL this way. As it turns out, the court, in fact did find in favor of the USFL. Uh, they said yes, the NFL is engaging in illegal antitrust activity, but they also said. You guys are insane. Uh, going against the NFL in the fall, there was no way you’re gonna make it. So even though the NFL was found guilty, the jury only awarded $1 of damages. Uh, technically in antitrust cases, that’s tripled. So they actually were awarded $3 in damages and the league basically folded the next day. They won their lawsuit, but they folded the next day. But of course, the owner that had most. Most importantly pushed the league to go head to head against the NFL was the owner of the new, uh, New Jersey team, the Generals New Jersey Generals. Right? And it was Donald J. Trump. Donald Trump. Uh, so Donald Trump pretty much bankrupted the USFL. By, uh, by saying we’re gonna go head to head, uh, with the NFL instead of trying to build a, a Spring Sports League. Now, to be fair to Donald Trump, which I don’t necessarily want to be, but to be fair to him, um, there’s no guarantee that the USFL would’ve made it as a spring league either, but I think anyone, again, a jury looking at this said there was just no chance of that league, uh, surviving against, uh, the NFL. If you try to go head to head in the poll. Just, just outta curiosity, uh, you know, there, when you talk about Trump, I know like he’s had an interest in, you know, professional football teams for a long time where he did, at least, there’s a certain politics that goes into buying an NFL team as well, right? Right. So the NFL is a partnership. Yeah. Which means that they can choose who they decide to partner with. And, uh, the presumption was, uh, in the 1980s when Donald Trump was trying to become an NFL owner that Donald Trump, uh, neither had the money, nor had the friendships among other NFL player, uh, NFL owners, uh, to get into that very exclusive club. And so again, he was able to get into the USFL because it was a much lower buy-in, in terms of, of cost. The USFL owners couldn’t be as picky about who they wanted as fellow partners, and again, I think Donald Trump saw the USFL as a way to potentially get into the NFL through the back door through this lawsuit, and, and by moving directly in the, in the fall because the jury just didn’t find that, that there was any plan. By which the USFL teams could have ever become profitable, uh, going head to head in the fall against the NFL. Let’s talk a little bit about sort of valuations, because what’s interesting is, you know, you’ve talked about scarcity and, you know, the way that the leagues have manipulated, uh, that to make sure that there, you know, the values continue to grow, but at some point in the last 30, 40 years, the numbers just really skyrocketed, right? Where these football teams, you know. It wasn’t a straight line in terms of how much they were worth. What, what went into that massive inflection of, uh, of, of valuation? So, first of all, I think you’re exactly right. There has been this massive inflection. Uh, so I’ve been teaching sports economics since the 1990s and, and the 1990s were kind of at the end of an era where this was really one of the sames back in the seventies, eighties, and even as late as the early nineties, that if you wanna become a millionaire. Start out a multimillionaire and then buy a sports team because it was a, it was just a, uh, a dumpster fire that you could just burn up cash without any hope of any sort of real return. And that changed in probably the late eighties, early nineties. That really changed, uh, a couple things. Change that, uh, first of all. By the nineties and certainly by the two thousands, um, most of the big professional sports in the United States had solved lots of their labor relation problems with the, with the athletes. So there was always this question about, uh, you know, do athletes have the ability to bargain with other teams? Are they able to get free agent, uh, agency, are teams going to be constantly fighting and, and spending every dollar that they can down to the point of bankruptcy to buy that superstar team? And what happened again in the nineties, starting in the eighties through the nineties and the two thousands is pretty much leagues have, uh, agreed to a world where. We’re gonna limit the amount of spending, uh, that we’re gonna do on players so that we’re not all bankrupting each other, bidding for players. In order to get the players to go along with that, we come to an agreement that we’re gonna share basically half the money with the players. And that’s exactly how the NHL works, the NBA works and the NFL works. Major League Baseball is not like that yet. And we may see not this season, but the next one, um, them trying to finally join ranks with the other, uh, with the other leagues. Uh, the question is whether we’re gonna see that happen without a gigantic, uh, work stoppage that. You know, some people who are pessimistic think we’re, we may not have baseball at all in 2027. 2026 is fine, but 20, 27 may, may fall. So as soon as like your costs are all covered up, that you know that everyone is kind of playing on a level playing field. Once we know that we don’t have to worry about bankrupting ourselves. We are only paying players, what we’re bringing in as revenue. All of a sudden, this is a fairly safe investment in a way that it never was prior to, you know, this all dying down. Couple other things going on here as well is, of course, the country’s gotten bigger. We have gotten bigger, but without adding additional, many additional franchises, which means, uh, those, those tickets are becoming increasingly expensive. We’ve gotten richer in a, in a skewed fashion, so that, uh, that of course the rich have gotten richer, a lot faster than the poor have. But of course, going to a baseball game, especially with those luxury boxes and things like this, is, uh, an activity that is reserved for the wealthy. And as the wealthy have gotten more, uh, uh, have gotten, you know, increasingly rich, uh, that means that. You know, businesses like Major League Baseball in the NFL that cater to the upper class, uh, do disproportionately well. And the last thing, and I’m sure you’ve talked about, uh, this before, is on your show, obviously you can have, um, you can have investments that are irrational as long as you think there’s someone later that’s irrational, that you can, you can hand it off to, right? This is, this is all the Greater fool theory. Uh, although I don’t think necessarily in this case, the, the owners are fools, but. Sports teams are a toy of billionaires that you say, well, look, I, I am, I’m a Mark Cuban. I’ve made billions of dollars. Now I want to spend some of my, my money on a, a fun asset. You know, you and I might collect a baseball cards. Mark Cuban might collect baseball teams, right? Uh, so, uh, in a world you might be willing to overpay because you wanna be a sports soldier and you wanna rub elbows with. You know, KA Leonard, you wanna rub elbows with, uh, with, with Shhe Tani. Um, and you may be willing to overpay for that asset, but guess what? 20 years down the way, there’s still gonna be another billionaire who wants to rub elbows with that next generation of superstars. And so you’re fairly sure that the next time when it comes to sell your franchise, there will be another person who’s willing to pay a premium for that asset as well. So again, as we’ve gotten more billionaires, more billionaire wealth, um, this is something that, uh, you know, has attracted folks like Steve Ballmer to, to part with, with big money. And, uh, again, as billionaire assets have grown, uh, the ability and the desire to buy these teams has grown as well. I would think a major driver of the value. Is also coming from, um, the, the media sources, uh, that are changing, right? Where, I mean, I remember, you know, again, being a kid and there was this, you know, there was Monday night football and it was on NBC and. And that, that’s how it worked. But now there’s like bidding for these things and you’ve got Amazon, uh, doing Thursday night football, which is a little weird. Um, and you know, you sometimes you have, uh, uh, you have games on Peacock. What’s going on with that? How does it affect the economics? Uh, and ultimately, like where is this headed? So, uh, in a, in a league like the NFL, uh, over 60% of all revenues that they generate is media revenue, right? Because most of us aren’t going to games every day, uh, too expensive for us, or too time consuming or all sorts of other things. But, uh, lots of us tune in on tv. So we’re talking about, uh, well over $10 billion of annual media contracts with the NFL. Um, and those numbers have been going up, uh, at least in part because you have media companies, uh, in a pretty competitive environment bidding against one another for these things. Now, one of the things about, again, things like the NFL or the NBA is it allows broadcasters or other types of TV networks to bring in customers in a way that their regular programming doesn’t. So a, a company may actually be willing to overpay for the NFL, kind of as a way to get people to buy all of your other products. A famous example from early days, uh, is, is Fox, right? So in the old days there were three big networks. So old days, I’m talking, you know, 1970s, there were the three big networks, right? There was A, B, CNB, C, and CBS, and they all competed against one another. And then in the 1980s, this rival network came up and this is Fox. And they wanted to get into all these markets nationwide. Well, how do you make sure that a. A local station decides to pick up the Fox programming. So for example, I grew up in Denver and Denver had a, had a, an independent channel that, you know, played reruns and all sorts of other things, and, and so they have a broadcast license already. Fox goes up to them and says, Hey, would you like to carry our regular programming? And, and that, that channel said, well, I don’t really think so. We’re doing fine showing Gilligan’s Island and Love Boat and things like this, and we don’t need, uh, an entire set of your programming. We’re doing just fine, as as it is. Uh, so Fox couldn’t get a foothold in that Denver market. So what Fox does is they buy rights to the NFL. All of a sudden now they go back and say, Hey, we’ve got all this Fox programming, we’ve got the Simpsons, and we’ve got, I don’t know, uh, you know, uh, you know, these early, these early Fox programming. But, um, they say, but we also have the NFL. You can’t, you can’t turn down the NFL. And then all of a sudden that existing affiliate says, okay, all right, we’ll add the whole line of Fox programming because you’re right, we can’t turn down having the NFL. So what, what basically happens here is the NFL serves as this kind of must stock item. And uh, you know, Fox was willing to overpay for the NFL because now they’re gonna get everyone to be able to buy the Simpsons and everything else they were offering at the same time. Uh, and so media rights have gone much, have gone up much faster. And we see this all over the place, right? How do you get people to buy. Amazon Prime. Well, let’s say that’s the only way you get to watch, uh, football on Thursday nights. How do you get people to buy, you know, apple tv? You offer major league soccer games as part of their package, right? Uh, and so this is how you kinda legitimize yourself as an actual, real, uh, you know, quote real media company is by offering some, uh, live. Live sports. And that gets people who would not otherwise buy Netflix or Amazon Prime or Apple, uh, to actually purchase those because again, they’re offering this secondary item. Then presumably that in turn drives up the value of of the NFL and you know, they’re bringing in a lot more money because they’ve got not just the three major networks bidding on them, but they’ve got all sorts of big companies with deep pockets. Willing to, you know, increase their, their, their revenue is and, and that sort of snowballs. Is that, is that fair? No, and that’s exactly right. And, and for as much as I talk about, you know, that billionaire who wants the an NFL team or an NDA team as a. Prestige asset. Uh, they’re also concerned about having it as an actual functioning asset as well. So I’m willing to pay, you know, a lot more, even if I’m willing to pay a premium. That premium is based on a fundamental value in the first place. And how do you drive that fundamental value? You drive that fundamental value by maximizing the revenue you generate through things like media contracts, and by maximizing. And by minimizing your costs, by making sure that your labor costs aren’t gonna run away with you, uh, because again, hopefully you, uh, most of the leagues have solved kind of their long-term labor, uh, their labor strife between them and the players within each league. There is also some different rules, and specifically, again, being a big NFL fan, I love the fact that the NFL has a salary cap and profit sharing for each team. ’cause it makes for a much more competitive league, basically, you know, for people who don’t know what that means, essentially each team can pay, has a salary cap of how much they can pay players for a given year. But not all of the leagues have that. Uh, I don’t really follow the other ones. I, I’m not sure who has it, who doesn’t, but I know that, like in baseball, I don’t think they have that. And it creates a situation where you’ve got the Dodgers or the Yankees in, in, in the World Series. More often than not, and you know, you’re not getting the smaller teams usually. No. So you’re exactly right. So the NFL has what’s called a, uh, a salary cap, and it’s actually got what’s called a hard cap. So they’re actually quite serious about this, and there are very few exceptions that can be made to go over this cap. Uh, this cap is based on the total amount of revenue that’s being generated by the league. Uh, and again, the cap basically is the way that they make sure that they share. A fair proportion of the money with the players. Uh, what’s also important is they also have a floor. So the, the cap this year is about 225 million, if I remember right, but the floor is about 200 million. So every team in the league basically is spending the same amount on labor this season, which makes for a very even playing field. And we know that some teams are gonna lose and some teams are gonna win. And it seems like the Browns and the, and the jets never win. And it seems like other teams always do. But what’s important about that is it’s not just because they’re in a big city, that they have these gigantic revenue advantages and that they can buy a championship. It really is, you know, who is smartest with their money, who’s smartest with your coaching, who’s lucky with the draft and things like this. And, uh, that makes for a very nice thing here. What’s also super important is the NFL has a gigantic amount of revenue sharing, and the reason for this is every single game you watch on TV is part of a contract that’s being sold by the league, not the team. And because of that, the league is generating all these, all this revenue, and then is equally distributing that money to each of the individual teams. So a, a team playing in little tiny Green Bay is generating exactly the same amount of media revenue as the New York Giants. Or the LA Rams. So that’s really nice. Uh, again, gigantic amounts of, uh, again, even revenue sharing to all the participants. As a matter of fact, of all of the businesses in the United States, the NFL is probably the single most socialist company. In the United States. So this Great American pastime is wildly socialist when it comes to how they distribute their, their income. So what incentivizes a team to be better and to win Then from the ownership standpoint, if there’s revenue sharing, is it just at the, the other sources of income that come, like advertising, things like that. I’m, I’m just curious, like if there’s so much revenue sharing, what is it that drives a team to, you know, try to be better from the ownership standpoint? So first of all is that being bad doesn’t help you, right? This isn’t major league baseball, so we’re gonna go the o. The other extreme, at least for a US sport, is major League baseball. No, uh, salary cap there at all. So you can pay, uh, players as much as you want, although there is what’s called a luxury tax. So as you, as your, uh, salary, your total payroll gets too big, you start getting, uh, uh, paying penalties to the league, which is then redistributed to the poor teams in the league. That being said, you can spend as much as you want. So yeah, the Dodgers, they spent somewhere, uh, by some accounts somewhere around $400 million this year on talent, including, you know, gigantic contracts to folks like Shhe, Tani, right? Um, but there’s also no minimum either. So if you’re a team that decides, hey, we’re not even gonna bother to try to compete this year, uh, you are the. I don’t know to, if I should call them the Oakland A or the Las Vegas a a or the Sacramento A or the Traveling through the desert, sort of a for a while. Um, but, you know, this is a team that made a decision not to compete and had a, had a tiny payroll. Uh, other teams have decided to do this, and the, and the NFL you could decide that you didn’t wanna win. But it wouldn’t save you any money because again, not only is there a salary cap, there’s a salary floor. So if I have to pay $225 million each year anyway, I might as well try to win with that 225 million. Uh, ’cause I don’t have a choice to just collect my paycheck and hire, you know, the Minnesota Gophers for $20 million, uh, for my, for my team this year. ’cause that’s not an option. Right. Um, one of the things I wanted to just kind of, uh, drill down a little bit on is the model of the Green Bay Packers. As you um mentioned, it’s a tiny little town, northern Wisconsin. Uh, not much going on there. I’ve, I’ve been there myself for a game. It is unique in that it is owned, not by billionaires, but it’s owned essentially as by the fans. How, how does that work? And, and I guess the question is like, why, why aren’t other teams modeled that way? So other teams are not modeled that way because the NFL does not want other teams to be modeled that way, nor do any of the other, uh, major leagues out there. Uh, it’s not good for the NFL for a couple reasons. Uh, first of all. They have to open their books. If it’s a public company and they don’t like to open their books, um, you also don’t have a face for that, uh, league in a way that, that a person couldn’t, couldn’t be in there, uh, pouring extra money in as a kind of a, an, an angel investor. Uh, on top of that, uh, you can’t threaten to relocate to another city unless you get taxpayer subsidized. Um, you know, uh, stadiums and things because it’s a publicly owned team and we know that, that those public owners will not ever decide to move that team out. How did they get that status in the first place? That’s an interesting story, and it’s a story that’s not unique to. The Packers, but it is fairly unique to the United States. So, uh, in the rest of the world, this type of ownership model actually is fairly common. Um, teams that your, you know, listeners would’ve heard of, like Barcelona, like Al Madrid, these are club owned teams. Um, there is not an owner there. They are owned by the fans themselves, and they’re in the business of. Trying to stay in business every year while winning as many games as possible. Uh, there is, they’re not trying to win trophies for a, a Steinbrenner or a Mark Cuban. They’re trying to win, uh, trophies for that fan base. That literally, again, the, the season ticket holders are those owners. Um, the NFL itself, you know, was, was a very hard Scrabble league for a long time. It started in 1920, uh, and between 1920 and 1935. Roughly 55 teams played at least one season in the NFL. And of those 55 teams, basically all but about six of them, had gone outta business or relocated at some point in here. Uh, this is why actually we got such a socialist, uh, uh, business model here is because the owners of the big teams, the owners of the bears. Uh, the owners of the Giants, uh, they said, look, you know, this league isn’t gonna work if we can’t actually find someone to play. And yeah, we’re making money here, but we’re not gonna continue making money if we can’t find other teams that are gonna work in this league. So they said, Hey, we are gonna be very generous. We’re gonna make sure that, that we share our revenues with the people, uh, the other people in our league. We would rather have a small piece of a big pie, uh, than a big piece of a pie that is tiny or disappears completely. Uh, so that’s why we ended up with this, uh, revenue sharing. And of course they were very open to any sort of model that kept stable teams around, including a model where rather than some rich owner in, in Green Bay owns that team. Instead, it’s a municipally owned team. As long as that team had stability and conform long-term rivalries and can afford to put forward a product that’s gonna, that’s gonna work on a, you know, on an NFL field to make a competitive product, they were happy to kind of do whatever they needed to do because again, this was a, this was a really tough league to be in. For the first roughly 20 years with, you know, a lot more successes. There’s been a lot of talk, uh, I know about private equity entering the, uh, the NFL. Tell us, give us a little bit of an understanding of that. I mean, obviously, I, I kind of think of these owners in these buying groups as private equity already, so what’s the big deal? Is the point. So in most sports leagues have already allow private equity and already allow ownership groups with multiple owners, uh, to, to own teams. So again, uh, you know, the, the Red Sox, they have multiple owners of, of that team. Uh, again, Celtics, same sort of thing. Um, but in the NFL we have required basically one owner, right? So this is a, a person. That owns the team and is the face of the team and is this controlling majority owner, uh, they’re going to explicitly allow external people unrelated to the ownership group, to own pieces of NFL teams here. Uh, and I think the, the real issue here, uh, has to do with, uh, there are some franchises in the NFL where the owners are asset rich, but cash poor. I’m thinking actually, for example, the Bears. So the bears are still owned by the same group. Who bought the Bears back in 1920 ish. Right? So this, you know, the, the same family, the Halas, uh, have owned this team for a hundred years. Uh, by this point, you know, little pieces of the team have been handed down to all the cousins and the grandkids and the great grandkids and this sort of folks. Uh, so, uh, you know, I think in total there’s something like 86 different owners of the, of the Bears now, but they’re all part of that original ownership group that everyone. You know, has inherited a little, a little share here. Now mind you, you know, one 86th of the, uh, of the bears is like a hundred million dollars. You know, the bears are probably an $8 billion franchise. And so that’s a hundred million dollars of assets that each one of these grandkids has just because, you know, their grandfather made a smart, uh, smart investment a hundred years ago. Um, but it doesn’t mean that they can live the lifestyle of a person with a hundred million dollars. Because they’re not allowed to sell their share to anyone because private equity was never allowed. And the amount of money that that team is actually generating in terms of annual operating profits isn’t super high. So you’ve got a world where you’re wildly rich, but you can’t really do a lot with those riches. So you know, this is a team that would be prime for the idea of, well, let’s sell off 20% of this. 20% of the team is gonna be maybe a couple billion dollars. And, and then we will just share that basically it’s a big Christmas present to each one of these, uh, these kids here. And again, the, the thing here is that’s $2 billion in cash that each of these small minority owners gets rather than, you know, an asset that they can’t actually use. To buy a yacht in Monaco. Right? And so that’s giving these kids, or the, you know, these minority owners an option to basically, uh, you know, get liquidity for their ownership. And, and that’s the big difference, right? And of course the other thing is, is there are lots of wildly rich people who would like to be an owner of a team in a way that you could do that 20 or 30 years ago by being just a, you know, just a multimillionaire or a multi, multi multimillionaire. That was enough. Uh. You know, you can be a billionaire nowadays and not have nearly what it needs to become an owner in one of these big groups. So, uh, you know, if we think about, uh, Arod, right? Arod bought, uh, the Timberwolves, uh, in the NDA, um. But he couldn’t do it alone despite the fact that he was, uh, you know, for 10 years the highest paid athlete in the world, you know, signed the single biggest contract, uh, in the history of professional sports, uh, when he did so. Uh, and even a guy with that sort of money doesn’t have enough money to buy a sports franchise. So, uh, I think the NFL is, you know, looking down the, the road to a, a world where. Someone wants to sell, but there’s not that many folks with $10 billion out there. And so the idea that we were gonna keep a, a world where there’s gonna be one single owner forever, uh, you know that that’s a pretty small pool of people in a world where you’re thinking about selling franchises at $10 billion. But if we allow these to be sold private equity wise. Then people can live their dream of being a sports owner, you know, for a mere couple billion dollars. And of course, that increases the pool of, of potential people by a lot. You know, you, you mentioned, um, during, just a minute ago in, in passing that these teams don’t actually necessarily throw off a lot of cash. They’re not, you know, they’re not super profitable. It’s not like a bunch of money’s being distributed to owners. Uh, can you talk a little bit about that? I, I didn’t know that actually. Sure. So a bunch of these teams in, in fact, in terms of operating revenue, don’t actually generate gigantic amounts of, of money every year. Uh, again, taking an an NFL team, so an NFL team is gonna generate, you know, somewhere around $500 million, maybe six or $700 million a year, but you’re already competing about 250 million of that to, uh, to the players. So half of that revenue coming in automatically is going to the players. If you built yourself a new stadium anytime recently, obviously you could have big payments on that. Uh, there’s other operating expenses associated with that. Um, in, in a world where you’re not the NFL, but you’re a world like, uh, major League baseball, where. You have much more variability in your, in your player costs year to year and more variability in your revenue. Uh, you could easily end up with years where you’ve got negative cash flow or at least negative profits, and, uh, and that means that you need, you need to be able to weather that. And so of course that’s one of the reasons, for example, why the NFL, you know, wouldn’t just take anyone as an owner, you need to be for sure rich enough to, uh, to weather both the ups and the downs. Again, if you borrowed any money to, uh, to purchase the team, uh, that’s obviously a big, uh, big interest payment there as well. So you could easily have teams again, depending how the owner purchased that, that are not kicking out gigantic amounts of cash on a year to year basis. One of the things that I’ve been hearing about, I don’t really know how this would work, is the, is of private equity moving into potentially like college sports. So we’ve seen some changes in, uh, for example, in college football where now these players can legally get paid. So it’s, it’s starting to look more and more like a professional. Uh, professional league. So how would that work if you’ve got private money essentially buying, uh, the sports teams of an individual university? Or maybe I’m not, maybe that’s not exactly what’s happening, but that’s kind of the impression I got. So first of all, that is exactly what could be happening and, and what people are talking about. Uh, I am deeply skeptical that this is a good idea for the institutions involved. Um. So basically it works exactly like any other sort of, uh, sports franchise, right? Uh, basically you would have an owner, uh, you know, let’s call him Mark Cuban, although he’s not, you know, he’s, he’s not talking about doing this. But imagine Mark Cuban decided he wants to buy, uh, Ohio State, right? Uh, so he comes up with a a billion dollars hands over a billion dollars to Ohio State. And now Mark Cuban is the recipient of any revenues being generated by the Ohio State, uh, program here. Um, and so this works like, just like anything else, right? So this is, this is basically, um, a person like bringing money in, in exchange for a piece of the action. Uh, the reason I’m highly skeptical about this because. Uh, remember the name of your university is very, very strongly tied with the name of your athletic program, right? So, you know, the Ohio State University is the name of both the educational program as well as the, uh, you know, the sports teams, right? And so, uh, one of the reasons that that schools have sports teams in the first place. Is as a method of advertising for their other things, right? So they, they use spectator sports to bring in the students to, uh, bring in, uh, actually, you know, public taxpayer money, all sorts of things. Um, and of course if the school controls the money from the, uh, you know, controls the athletic program as well as the academic program, then we can presume that the interests of the athletic program and the academic program are aligned. As soon as you’ve sold off your, your athletic program to an external, uh, you know, an external buyer, then you have every reason to believe that the incentives of that athletic program, the incentives of the. Academic program are no longer aligned in, in a way that is useful. Um, for example, you could have that, that equity person say, you know what? I’m gonna make money no matter what, and I’m just gonna tank all of our programs because I’m gonna generate more revenue by spending less. And that’s what maximizes my profit. But that may very well harm the academic side. And so if you allow, you know, private equity to come in and they have any control. Over that, uh, athletic program, you basically outsourced an extremely important part of your business while still meaning that your business in the athletics is, is importantly tied to the other parts of your business that you haven’t outsourced. And, uh, that makes me deeply concerned for anyone who would consider going down this route. Is, is that likely to happen, do you think? I don’t think anyone who makes predictions about college sport to this point, uh, can, can do that with any certainty at all. It’s fascinating stuff. Um, and one last question I guess for you, which is, you know, we talk about like people who own teams, uh, being, you know, multi-billionaires. Um. Is there any way that fans can still get a stake if they’re just simple millionaires? Is that just not something that’s po un unless you’re live in Green Bay, I guess, is that pretty much non-existent? So it depends what you’re interested in doing, right? So if you’re a mere multimillionaire, uh, you’re not gonna become an NFL owner. You’re not gonna become an NDO owner. Right. Mm-hmm. Um, if you’re very famous and a multimillionaire, you might be able to come into an ownership group because they want you as the face of the organization. Right. Um, one example of this was George W. Bush who came in with a very tiny ownership stake, uh, when, uh, he bought the Texas Rangers and he owned about. 2% of that, that team. But he was the face of that because he was the son of the president. Right. Uh, and, and then when the Rangers did well, uh, you know, he, he made a fortune doing that as well. So, um, the answer is generally no. But as long as your heart isn’t wedded to the NFL or NBA, there are certainly options that you can come into. Right. Um, we have seen. One tier down, uh, buying into things like the WNBA or the, uh, NWSL in women’s soccer or, uh, or women’s basketball. Uh, even that’s become pricey nowadays. These are a hundred million dollar franchises now these days. Or you can take chances with lower level, essentially minor league, uh, soccer in the United States or, uh, elsewhere, uh, in, in the world. And I think you know where we’re going here. So if you’re a merely. Multimillionaire, uh, and you’re a, a famous, uh, movie star or two, you could put your money in and buy a football or soccer team in Wales, uh, called Reim. Right? And of course, that’s exactly what Ryan Reynolds did. And Malaney and, uh, you know, they did not have anywhere close to NFL money despite being famous guys, you know, big movie stars, you know, you know, tens of millions of dollars in, uh, in money. They’re nowhere close to being NFL owner money. Guess what they were wreck some owner money and, uh, they get all the fun and excitement of being an owner without needing to be a billionaire. Interesting. Well, listen, uh, I, I appreciate all your time and, uh, it’s, it’s fun for me personally as a sports fan to see how this stuff works. Um, do you have a site where you write, do you have people curious about this stuff or, or how can they learn more? So how people can learn more is, uh, is there is some fun sports economic stuff out there. Uh, the classic, uh, book in sports economics is of course Moneyball by Michael Lewis, who of course is a great writer about all things finance and, and people who are interested in, in general interest books about, you know, all sorts of things related from to the tech boom to, uh, obviously the financial crisis of the two thousands to. His early days in, in junk bonds in the 1980s. Uh, Michael Lewis is one of the, one of the great writers out there. Um, uh, other fun books by colleagues of mine, uh, omics by Stephan Semanski is, is a fun one. Uh, and, uh, you know, you can catch up, uh, with some, uh, some. Other podcasts that, uh, that follow these sort of things, including Freakonomics has often things on sports that are, that are fun as well. Uh, unfortunately if you wanna, you know, hear from me, it’s all textbook stuff and then I’ll have to give you a grade. And so probably that. Uh, but again, it, it’s a great time to be a fan of sports and of economics ’cause there’s just so much good stuff out there. Thanks so much for being on the program today. Again, my pleasure. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens. Steve, the concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed it. And, uh, once again, uh, I wanna just wish you a happy Thanksgiving and, uh, thank you for, you know, being a listener of this show. And one more thing, just a reminder, uh, we are heading into sort of the last month or so. Of, uh, investment possibilities in the investor club. Wealth formula.com is where you go to join that group. And if you’re looking for a last minute tax mitigation type investment, make sure you sign up as soon as possible. Uh, that’s it for this week on Wealth Formula Podcast. Happy Thanksgiving. This is Buck Jre signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

The world has changed a good bit since Freakonomics was first published. In this live anniversary episode, Stephen Dubner tells Geoff Bennett of PBS NewsHour everything he has learned since then. Happy birthday, Freakonomics. SOURCES:Geoff Bennett, co-anchor and co-managing editor of PBS News Hour. RESOURCES:Freakonomics Twentieth Anniversary Edition: A Rogue Economist Explores the Hidden Side of Everything, by Stephen Dubner and Steve Levitt (2025). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to Michael's original 5-part-series interview with co-author Steven Levitt from 2005 here! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stephen Dubner (Freakonomics, When to Rob a Bank, Freakonomics Radio) is an award-winning journalist, author, and radio host. Stephen returns once again to the Armchair Expert to discuss the power and necessity of disgust, the ethics of yelling at AI, and reflecting on the 20th publishing anniversary of Freakonomics. Stephen and Dax talk about being prodded by society into binary thinking, the compulsions in being perpetually online that don't jibe with human nature, and what he does when presented with a ‘for us or against us' argument. Stephen explains the concept of the illusion of explanatory depth, why during these times he's in give-a-stranger-a-hug mode, and being exhausted in a good way about this human world.Follow Armchair Expert on the Wondery App or wherever you get your podcasts. Watch new content on YouTube or listen to Armchair Expert early and ad-free by joining Wondery+ in the Wondery App, Apple Podcasts, or Spotify. Start your free trial by visiting wondery.com/links/armchair-expert-with-dax-shepard/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

When it first came out in 2005, Freakonomics unearthed the hidden side to everything, helping bring behavioral economics to the forefront of popular culture. But it also has had lasting impacts on how leaders understand problems, how advertisers understand consumers, and how we all understand the workplace. Coauthor Stephen Dubner explains the difficulty of bringing complex economic concepts to the masses, what's surprised him about the hidden side of everything, and what he sees as the impact of his work. Dubner is coauthor of Freakonomics: A Rogue Economist Explains the Hidden Side of Everything and host of the Freakonomics podcast.

Ryan Wang has had a winding set of paths to get to where he is today. He studied economics and statistics, with the intent of going to grad school and becoming a professor. After talking with his boss at the time, Steven Levitt (also one of the authors of Freakonomics), he was convinced that was not the best path. Eventually, he joined stripe via nepotism, and became a software developer via data science. Outside of tech, he loves to read about different topics. Right now, he is reading about owls, and also loves to read fiction and poetry. In fact, he drops poetry occasionally at his current venture.While at Stripe, back when it was an 80 person company, Ryan noticed people doing support tickets on their own. After he spent some time there, he and his now co-founder started to tinker in machine learning for support. As he made progress, a leader pointed out that the real problem was around workforce management.This is the creation story of Assembled.SponsorsVentionCodeCrafters helps you become a better engineer by building real-world, production-grade projects. Learn hands-on by creating your own Git, Redis, HTTP server, SQLite, or DNS server from scratch. Sign up for free today using this link and enjoy 40% off.Full ScalePaddle.comSema SoftwarePropelAuthPostmanMeilisearchLinkshttps://www.assembled.com/https://www.linkedin.com/in/ryanywang/Support this podcast at — https://redcircle.com/code-story-insights-from-startup-tech-leaders/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Quantitative, contrarian, and nuanced: these are the hallmarks of the Freakonomics approach. Hear journalist and podcaster Stephen Dubner speak with EconTalk's Russ Roberts about the 20th anniversary of the popular-economics book Dubner co-authored with Steven Levitt. They discuss how the book came to be, how the journey changed Dubner's life, and how it changed his thinking about various economics issues. The conversation includes a lengthy discussion on the role of private equity in the American economy, and Roberts's claim that Dubner and co-author Steven Levitt's treatment of incentives overlooks the role of competition and markets.

For the 20th anniversary of Freakonomics, Debbie Millman of Design Matters interviews Stephen Dubner about his upbringing, his writing career, and why it's important to “swing your swing.” Plus: a sneak peek at a new project. SOURCES:Debbie Millman, writer and host of Design Matters with Debbie Millman. RESOURCES:"Stephen J. Dubner," by Design Matters with Debbie Millman (2025).Turbulent Souls: A Catholic Son's Return To His Jewish Family, by Stephen Dubner (1999)."Choosing My Religion," by Stephen Dubner (New York Times, 1996). EXTRAS:"In Search of the Real Adam Smith," by Freakonomics Radio (2022). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Judd Kessler is a Professor of Business Economics and Public Policy at the Wharton School of the University of Pennsylvania. A leading scholar of market design, he was named one of Forbes' 30 Under 30 for his groundbreaking work on organ allocation and received the Vernon L. Smith Ascending Scholar Prize for his pioneering research. His insights have been featured in The New York Times, The Wall Street Journal, Harvard Business Review, and on Hidden Brain and Freakonomics. With degrees from Harvard and Cambridge, Judd studies the hidden markets that shape our lives and how we can navigate them more effectively. He is also the author of the book, Lucky be Design. In this episode we discuss the following: The most common way to allocate scarce resources is through pricing. But other mechanisms exist: hidden markets. And by staying alert for these hidden markets, we can increase our luck. One of the most common hidden markets is the race: first come, first serve. In Judd's case, when he realized that demand was going to outstrip supply for his child's after school program, he recognized he was in a race, so he made sure to sign up right when registration opened. And he increased his luck. The lottery is another hidden market. If four friends wanted to attend Taylor Swift's Eras Tour, they increase their luck by each entering the lottery for four tickets each. Hunters increase their luck by entering the lottery in years when they're not able to hunt. And people needing organ transplants increase their luck when they sign up through multiple transplant centers.  To get lucky in the dating app world, people can signal that they are worth investing in.  And then I loved Judd's insight on settling for silver. Whether we're trying to get lucky in college admissions, with restaurant reservations, or even in the dating market, we can increase our luck by pursuing a more attainable, less competitive option. And in many cases the silver turns out to be more desirable than the gold.

On this Live Greatly podcast episode, Kristel Bauer sits down with Wharton economist and market designer Judd Kessler to discuss his book, LUCKY BY DESIGN: The Hidden Economics You Need to Get More of What You Want.  Tune in now!  Key Takeaways From This Episode: A look into Judd's book, LUCKY BY DESIGN: The Hidden Economics You Need to Get More of What You Want What are some examples of invisible rules Tips to try and get a reservation at a highly sought out restaurant  Going for gold versus going for silver Tips for being successful while auditioning and interviewing Suggestions when looking to apply to colleges ABOUT JUDD KESSLER: Judd B. Kessler is the inaugural Howard Marks Endowed Professor of Business Economics and Public Policy at the University of Pennsylvania's Wharton School. In 2021, Kessler was awarded the prestigious Vernon L. Smith Ascending Scholar Prize for his path breaking scholarship. For his work on the hidden market of organ allocation, Kessler was named one of the “30 under 30” in Law and Policy by Forbes. He is an award-winning teacher whose courses are popular among undergraduates, MBAs, PhD students, and executives, as well as a sought-after speaker. His research and writing have been featured in leading media, such as The New York Times, The Wall Street Journal, The Washington Post, Los Angeles Times, Scientific American, Harvard Business Review, Politico, NPR, Hidden Brain, and Freakonomics, among others. He received a bachelor's degree, MA, and PhD from Harvard University and an MPhil from the University of Cambridge. At Harvard, Kessler trained with Nobel laureate Alvin E. Roth, one of the founders of market design, the area in which he has been conducting research for the past fifteen years.  Connect with Judd Kessler Order Judd's book: https://juddbkessler.com/book  Website: https://juddbkessler.com/  Linkedin: https://www.linkedin.com/in/juddkessler/  Instagram: https://www.instagram.com/juddkessler/  About the Host of the Live Greatly podcast, Kristel Bauer: Kristel Bauer is a corporate wellness and performance expert, keynote speaker and TEDx speaker supporting organizations and individuals on their journeys for more happiness and success. She is the author of Work-Life Tango: Finding Happiness, Harmony, and Peak Performance Wherever You Work (John Murray Business November 19, 2024). With Kristel's healthcare background, she provides data driven actionable strategies to leverage happiness and high-power habits to drive growth mindsets, peak performance, profitability, well-being and a culture of excellence. Kristel's keynotes provide insights to “Live Greatly” while promoting leadership development and team building.   Kristel is the creator and host of her global top self-improvement podcast, Live Greatly. She is a contributing writer for Entrepreneur, and she is an influencer in the business and wellness space having been recognized as a Top 10 Social Media Influencer of 2021 in Forbes. As an Integrative Medicine Fellow & Physician Assistant having practiced clinically in Integrative Psychiatry, Kristel has a unique perspective into attaining a mindset for more happiness and success. Kristel has presented to groups from the American Gas Association, Bank of America, bp, Commercial Metals Company, General Mills, Northwestern University, Santander Bank and many more. Kristel has been featured in Forbes, Forest & Bluff Magazine, Authority Magazine & Podcast Magazine and she has appeared on ABC 7 Chicago, WGN Daytime Chicago, Fox 4's WDAF-TV's Great Day KC, and Ticker News. Kristel lives in the Fort Lauderdale, Florida area and she can be booked for speaking engagements worldwide. To Book Kristel as a speaker for your next event, click here. Website: www.livegreatly.co  Follow Kristel Bauer on: Instagram: @livegreatly_co  LinkedIn: Kristel Bauer Twitter: @livegreatly_co Facebook: @livegreatly.co Youtube: Live Greatly, Kristel Bauer To Watch Kristel Bauer's TEDx talk of Redefining Work/Life Balance in a COVID-19 World click here. Click HERE to check out Kristel's corporate wellness and leadership blog Click HERE to check out Kristel's Travel and Wellness Blog Disclaimer: The contents of this podcast are intended for informational and educational purposes only. Always seek the guidance of your physician for any recommendations specific to you or for any questions regarding your specific health, your sleep patterns changes to diet and exercise, or any medical conditions.  Always consult your physician before starting any supplements or new lifestyle programs. All information, views and statements shared on the Live Greatly podcast are purely the opinions of the authors, and are not medical advice or treatment recommendations.  They have not been evaluated by the food and drug administration.  Opinions of guests are their own and Kristel Bauer & this podcast does not endorse or accept responsibility for statements made by guests.  Neither Kristel Bauer nor this podcast takes responsibility for possible health consequences of a person or persons following the information in this educational content.  Always consult your physician for recommendations specific to you.

Stephen J. Dubner is an award-winning journalist, bestselling author, and co-creator of Freakonomics—the cultural phenomenon that, over the past 20 years, has grown into a global franchise, changing how millions think, revealing the hidden side of everything, and challenging us to question what we know.For a chance to give your own TED Talk, fill out the Idea Search Application: ted.com/ideasearch. Hosted on Acast. See acast.com/privacy for more information.

Freakonomics Podcast Episode⁠In this episode of Thinking Out Loud, Nathan and Cameron offer a thought-provoking theological response to Episode 644 of the Freakonomics podcast, "Has America Lost Its Appetite for the Common Good?"—featuring controversial political theorist Patrick Deneen. With their signature blend of faith, philosophy, and cultural analysis, Nathan and Cameron explore Deneen's critique of liberalism, the spiritual vacuum in Western political life, and the implications of his ideas for Christians navigating a fractured public square. From Why Liberalism Failed to Regime Change, Deneen's work prompts timely questions: Can a pluralistic society truly share a common good without shared faith? How should Christians think about post-liberalism, populism, and the loss of moral consensus in America? This episode is essential listening for believers seeking rich theological engagement with current events, political theory, and the future of Christian witness in the modern West. Whether you're washing eggs on the farm or commuting to work, join us for a deep dive into faith, politics, and the crumbling foundations of our common life.DONATE LINK: https://toltogether.com/donate BOOK A SPEAKER: https://toltogether.com/book-a-speakerJOIN TOL CONNECT: https://toltogether.com/tol-connect TOL Connect is an online forum where TOL listeners can continue the conversation begun on the podcast.

If you get into a heated conversation on any subject these days (and who isn't?) it often ends with someone being called a “F*cking Marxist” or “Capitalist PIG".  Join Dawn and comedian, Mary Gallagher, to find out which one YOU might be... and if it's a bad thing. Mary Gallagher on InstagramMary's upcoming events---

Send us a textWhile you spent thousands of hours studying math in high school, odds are you never use any of it. There is math that really matters – it's just not covered in school. Just as Freakonomics made us rethink economics, Aftermath does the same for math. Today's guest, Ted Dintersmith, is a bestselling author, education advocate, and former venture capitalist who believes math has been weaponized—and it's time to set things right. If you're curious about the math you missed, and how it can empower you, you won't want to miss this conversation.

In this electrifying episode of The Clay Edwards Show, host Clay Edwards kicks off with an unforgettable recap of his recent interview and hangout with wrestling legend Ric Flair. Fresh off a high-energy day that included personal stories about shared health challenges like colostomy experiences, signing the FAFO Championship belt, and enjoying casual meals at local spots, Clay reflects on the thrill of meeting a childhood hero—especially in light of recent losses like Hulk Hogan. He shares behind-the-scenes details, from Flair's larger-than-life personality to switching from beer to mixed drinks to keep up, all while emphasizing the importance of chasing dreams and ignoring naysayers who try to pull you back with "crabs in a bucket" mentality. Shifting gears into current events, Clay dives into a heated discussion on a disturbing incident in Copiah County, where firefighters responding to a deadly wreck were allegedly assaulted by a crowd, including the father of the victim who later turned himself in on felony charges. Clay calls for accountability, highlighting the tragedy of the crash tied to street racing and urging equal outrage over violence regardless of race. He stresses the need for consistent application of the law, critiquing double standards in media coverage and public reactions to interracial crimes. The episode takes a deeper turn into societal issues, exploring fatigue over perceived biases in hate crime prosecutions and law enforcement narratives. Clay revisits past cases, like the 2015 beating death of Eric Hambrick and the 2017 murder of Chelsea Kirchen, flipping the script to question how reactions would differ if roles were reversed. He critiques cultural excuses for criminality, touches on the impact of naming conventions from Freakonomics, and calls out inconsistencies in stories amplified by groups like BLM, advocating for body cams as tools for truth. Wrapping up with a mix of humor and hard truths, Clay encourages listeners to fuel success with negativity from haters, pursue growth, and demand fairness in justice. It's a no-holds-barred FAFO Friday full of raw insights, personal anecdotes, and calls for real change—unfiltered talk that challenges the status quo and inspires action.

Welcome back to The Film Library, a Kanopy podcast where we dig into eye-opening documentaries, unforgettable characters, and stories so strange they have to be true—no film degree required.  This week, hosts Kristy Puchko (Entertainment Editor at Mashable) and Jeff Rauseo (film lover, documentary junkie, and proud champion of VHS oddities) dive into the wild, weird, and deeply personal world of documentaries.  From baseball pitchers on LSD and DIY Spielberg tributes to miniature war towns and midlife creative crises, Kristy and Jeff spotlight some of their favorite nonfiction stories currently streaming on Kanopy. These aren't your typical history homework assignments. These are films that surprise, inspire, and occasionally blow your mind wide open.  Whether you're into true crime, lost media, pop-punk nostalgia, or The Shining fan theories gone off the rails, this episode is packed with rabbit holes worth falling into.  So, settle in and let these stories surprise you, move you, and maybe even change how you see the world.    Follow Kristy on Instagram @thekristypuchko and Letterboxd @kristypuchko.       Follow Jeff on Instagram, TikTok, and Letterboxd @jeffrauseo.       Follow Kanopy on Letterboxd to see the full episode list.   Stream the films we mention for free at kanopy.com with a library card or university ID from a participating institution. Episode Highlights    00:45 — King of Kong (2007) & Freakonomics (2010)  Kristy and Jeff kick things off by sharing the first documentaries that truly blew their minds—from retro arcade rivalries to statistical conspiracy theories.    03:30 — Raiders!: The Story of the Greatest Fan Film Ever Made (2015)  Jeff recounts a lifelong obsession with this joyful doc about childhood friends who spent seven years recreating Raiders of the Lost Ark shot-for-shot.    07:00 — Marwencol (2010)  Kristy dives into this hauntingly beautiful portrait of artist Mark Hogancamp, who built a miniature World War II town as a form of healing and storytelling.    11:50 — Three Identical Strangers (2018)  Jeff tries not to spoil the shocking turns in this gripping true story of triplets separated at birth—and the disturbing secrets behind their reunion.    16:15 — Flipside (2023)  Kristy breaks down this genre-bending, self-reflective doc about unfinished projects, creative ambition, and the quiet heartbreak of growing older.    21:15 — No No: A Dockumentary (2014)  Jeff pitches the psychedelic, political, and deeply personal life story of Doc Ellis—the MLB pitcher who famously threw a no-hitter on LSD.    25:30 — Green Day: 20 Years of American Idiot (2024)  Kristy celebrates the legacy of a punk rock milestone with this energetic, nostalgic look at Green Day's landmark album and the tour that changed everything.    30:00 — Room 237 (2012)  Jeff and Kristy fall down the fan theory rabbit hole with this hypnotic collage film about The Shining, moon landing conspiracies, and the art of interpretation.    34:45 — Final Thoughts  Kristy and Jeff reflect on what makes a documentary unforgettable—and why the best ones often leave us with more questions than answers.   

In this episode of The Clay Edwards Show, host Clay Edwards kicks off a lively "Fa Fo Friday" with personal anecdotes and local news from Jackson, Mississippi. He apologizes for missing the previous day's show due to a sty in his eye, sharing a humorous story about his vision challenges and a nod to the classic song "A Tear in My Beer." Clay dives into his recent meals, raving about red meat spaghetti, club sandwiches, and red beans and rice from a local spot, emphasizing how he's rediscovered his love for certain dishes after years of preferences.   Shifting to an open forum, Clay opens the floor for listener topics but reflects on the week's heavy coverage of Epstein-related revelations. He expresses strong disappointment in the administration's handling, calling it a "black eye" and a reminder that government often disregards the public, eroding trust and demanding full transparency moving forward. He criticizes the bipartisan dismissal of public demands for information, likening it to being treated like "plebs."   The show then covers a chaotic shootout in Jackson's Brook Hollow subdivision, where multiple individuals fired over 100 rounds without hitting anyone. Clay details the arrested and wanted suspects—18-year-old Linden Ford, 20-year-old Quinn Marion Chrissler, and 39-year-old Jamal Santez Henderson—mocking unusual names and tying into a theory about vowels in names predicting criminal behavior, inspired by Freakonomics and observations from a colleague. He laments the inefficiency of local violence and calls out the police chief for an admission that he finds "disgusting," though specifics lead into broader critiques of Jackson's ongoing issues under new leadership.   Clay shares fun, satirical stereotypes of Jackson metro areas generated by ChatGPT, poking fun at Flowood as a soulless strip mall escape, Brandon as a conservative haven obsessed with sports and smokers, Northeast Jackson as old-money denial, Ridgeland as suburban ambition with mall vibes, and Madison as HOA-strict perfection. He encourages listeners to contribute their own stereotypes for areas like Pearl, Clinton, and others.   The discussion heats up on local controversies, including a heated debate from a recent livestream about school choice as a cure-all (which Clay opposes) and the push to relocate a Civil War memorial statue in Brandon. He argues against moving it, citing hypocrisy among leaders and double standards in free speech, where conservatives face backlash while others don't. A caller shares a powerful firsthand experience touring Berlin Wall remnants in Germany, emphasizing the importance of preserving history to avoid repeating tyranny, drawing parallels to not hiding America's past.   Clay touches on a scandal involving local figure Vernon Hartley, humorously analyzing a viral post about his personal escapades that backfired on the poster, turning into unintended promotion. He wraps with criticism of Congresswoman Jasmine Crockett's claims that violence stems only from MAGA supporters, countering with examples of Democrat-led urban violence and riots.   Throughout, Clay interacts with listener texts and comments, blending humor, personal health tips on testosterone benefits, and calls for accountability in leadership. The episode ends on a high note previewing an upcoming wildlife event, delivering a mix of local gossip, political rants, and community banter perfect for a Friday wind-down.

Twenty years ago, before the Freakonomics book tour, Bill McGowan taught Steve Levitt to speak in public. In his new book he tries to teach everyone else. SOURCES:Bill McGowan, founder and C.E.O. of Clarity Media Group. RESOURCES:Speak, Memorably: The Art of Captivating an Audience, by Bill McGowan (2025)."Sheryl Sandberg Gives UC Berkeley Commencement Keynote Speech," (UC Berkeley, 2016)."Our failing schools. Enough is enough!" by Geoffrey Canada (TED, 2013). EXTRAS:"The Power of a Bad Example – A Field Experiment In Household Garbage Disposal," by Robert Dur and Ben Vollaard (Tilburg Law and Economics Center, 2013)."Unit pricing of municipal solid waste and illegal dumping: an empirical analysis of Korean experience," by Geum-Soo Kim, Young-Jae Chang and David Kelleher (Environmental Economics and Policy Studies, 2008)."Garbage, Recycling, and Illicit Burning or Dumping," by Don Fullerton and Thomas Kinnaman (Journal of Environmental Economics and Management, 2002).

In this episode from 2013, we look at whether spite pays — and if it even exists. SOURCES:Benedikt Herrmann, research officer at the European Commission.Steve Levitt, co-author of Freakonomics and host of People I (Mostly) Admire.Dave O'Connor, president of Times Studios.Lisi Oliver, professor of English at Louisiana State University.E.O. Wilson, naturalist and university research professor emeritus at Harvard University. RESOURCES:You Don't Know Bo: The Legend of Bo Jackson, documentary (2012)."Amputation of the nose throughout history," by G. Sperati (ACTA Otorhinolaryngologica Italica, 2009)."The Appearance of Homo Rivalis: Social Preferences and the Nature of Rent Seeking," by Benedikt Herrmann and Henrik Orzen (Center for Decision Research and Experimental Economics, 2008). EXTRAS:"What It's Like to Be Middle-Aged (in the Middle Ages)," by Freakonomics Radio (2025).

In this week's episode, host Daniel Raimi talks with Varun Sivaram, senior fellow at the Council on Foreign Relations and founder and CEO of Emerald AI, about how “climate realism” could shape the future of US climate policy. In a recent article for the Council on Foreign Relations, Sivaram lays out the case for climate realism—an approach to US climate policy that both realistically prepares for the consequences of climate change and advances American foreign policy objectives. Sivaram explains and defends his arguments for climate realism, which include contentious claims about the feasibility of reaching global climate targets, US contributions to global emissions, and the economic benefits of the clean energy transition. Sivaram then outlines an alternative vision for US climate policy that promotes investments in clean technology and action in the international arena to mitigate the worst consequences of climate change. References and recommendations: “We Need a Fresh Approach to Climate Policy. It's Time for Climate Realism” by Varun Sivaram; https://www.cfr.org/article/we-need-fresh-approach-climate-policy-its-time-climate-realism “The Most Powerful People You've Never Heard Of” episode of the Freakonomics podcast; https://freakonomics.com/podcast/the-most-powerful-people-youve-never-heard-of/ “The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources” by Javier Blas and Jack Farchy; https://global.oup.com/academic/product/the-world-for-sale-9780197651537 “Reflecting on Solar Geoengineering, with David Keith” from the Resources Radio podcast; https://www.resources.org/resources-radio/reflecting-solar-geoengineering-david-keith/

In our simplifying economics series, Mike and Taylor discuss the concept of diving into economics books that we personally prefer when trying to dive into economic principles. We discussed how there could be differences in preferences due to age or generation, as well as male versus female preferences and personal preferences—the ultimate goal being to simplify economics. In this episode, we cover Freakonomics.

Giving up can be painful. That's why we need to talk about it. Today: stories about glitchy apps, leaky paint cans, broken sculptures — and a quest for the perfect bowl of ramen. SOURCES:John Boykin, website designer and failed paint can re-inventor.Angela Duckworth, host of No Stupid Questions, co-founder of Character Lab, and professor of psychology at the University of Pennsylvania.Amy Edmondson, professor of leadership management at Harvard Business School.Helen Fisher, former senior research fellow at The Kinsey Institute and former chief science advisor to Match.com.Eric von Hippel, professor of technological innovation at M.I.T.'s Sloan School of Management.Jill Hoffman, founder and C.E.O. of Path 2 Flight.Gary Klein, cognitive psychologist and pioneer in the field of naturalistic decision making.Steve Levitt, host of People I (Mostly) Admire, co-author of the Freakonomics books, and professor of economics at the University of Chicago.Joseph O'Connell, artist.Mike Ridgeman, government affairs manager at the Wisconsin Bike Fed.Melanie Stefan, professor of physiology at Medical School Berlin.Travis Thul, vice president for Student Success and Engagement at Minnesota State University, Mankato. RESOURCES:“Data Snapshot: Tenure and Contingency in US Higher Education,” by Glenn Colby (American Association of University Professors, 2023).Grit: The Power of Passion and Perseverance, by Angela Duckworth (2016).“Entrepreneurship and the U.S. Economy,” by the U.S. Bureau of Labor Statistics (2016).“A C.V. of Failures,” by Melanie Stefan (Nature, 2010).Ramen Now! official website. EXTRAS: “How to Succeed at Failing,” series by Freakonomics Radio (2023).“Annie Duke Thinks You Should Quit,” by People I (Mostly) Admire (2022).“How Do You Know When It's Time to Quit?” by No Stupid Questions (2020).“Honey, I Grew the Economy,” by Freakonomics Radio (2019).“The Upside of Quitting,” by Freakonomics Radio (2011).

Abraham Verghese is a physician and a best-selling author — in that order, he says. He explains the difference between curing and healing, and tells Steve why doctors should spend more time with patients and less with electronic health records. SOURCES:Abraham Verghese, professor of medicine at Stanford University and best-selling novelist. RESOURCES:The Covenant of Water, by Abraham Verghese (2023).“Abraham Verghese's Sweeping New Fable of Family and Medicine,” by Andrew Solomon (The New York Times, 2023).“Watch Oprah's Emotional Conversation with Abraham Verghese, Author of the 101st Oprah's Book Club Pick” (Oprah Daily, 2023).“How Indian Teachers Have Shaped Ethiopia's Education System,” by Mariam Jafri (The Quint, 2023).“How Tech Can Turn Doctors Into Clerical Workers,” by Abraham Verghese (The New York Times Magazine, 2018).Cutting for Stone, by Abraham Verghese (2009).“Culture Shock — Patient as Icon, Icon as Patient,” by Abraham Verghese (The New England Journal of Medicine, 2008).“The Cowpath to America,” by Abraham Verghese (The New Yorker, 1997).My Own Country: A Doctor's Story, by Abraham Verghese (1994).“Urbs in Rure: Human Immunodeficiency Virus Infection in Rural Tennessee,” by Abraham Verghese, Steven L. Berk, and Felix Sarubbi (The Journal of Infectious Diseases, 1989). EXTRAS:“Are You Suffering From Burnout?” by No Stupid Questions (2023).“Would You Rather See a Computer or a Doctor?” by Freakonomics, M.D. (2022).“How Do You Cure a Compassion Crisis?” by Freakonomics Radio (2020).The Citadel, by A. J. Cronin (1937).Uncle Tom's Cabin, by Harriet Beecher Stowe (1852).

This week, Shawn Wilkie and Dr. Ivan Zak chat with Maria Morgan, co-founder of Passpaw, about how veterinary teams can turn international pet travel documentation from a time-consuming task into an efficient, team-led, and profitable service. As more clients travel with their pets post-pandemic, many practices either avoid these certificates entirely or undercharge for the work involved. Maria shares how her workflow management software aims to eliminate the administrative burden of health certificates and enhance team member utilization, freeing veterinarians to focus on patient care.   Learn how practices can turn a traditionally frustrating service into a team-led revenue stream that improves client experience and practice profitability: Passpaw. Maria Morgan recommends Freakonomics podcast - "Should America be Run by Trader Joe's (Update)" and Adam Grant's TED talk - "How to stop languishing and start finding flow".

The Colorado Theatre Guild president joins the guys to talk about the year ahead and more. Plus, our Top 10 Colorado Headliners.In this episode of the OnStage Colorado Podcast, Toni Tresca and Alex Miller welcome guest host Betty Hart. As the president of the Colorado Theatre Guild, Co-Artistic Director at Boulder's Local Theater and avid show-goer, Hart has a unique perspective on — and deep knowledge of —theatre in the state.Later in the show, we review our weekly lists of Top 10 Colorado Headliners — upcoming shows to keep an eye out for. This week's list: Pippin, Fort Lewis College, Durango, April 11-19Seams, The Agenda Theatre, Buntport Theater, Denver, April 11-26New Faces Rd. 1, Comedy Works Downtown, Denver, April 16-May 28Denver's Got Talent, RISE Comedy, Denver, April 19Raw Groove Presents: Life of the Party, Manos Sagrados, Aurora, April 19Happily Ever After, Windsor Community Playhouse, April 11-27Little Women, Main Street Live, Trinidad, April 18-27Field Trip!, Control Group Productions, Denver - Colfax areaThe Hot Wing King, Denver Center, April 25-May 25These Shining Lives, Thunder River Theatre Company, Carbondale, May 2-18OnStage Colorado Podcast - April 15th Episode OutlineIntroduction (00:01 - 02:20)• Hosts Alex Miller and Tony Tresca introduce special guest Betty Hart• Betty's roles: President of Colorado Theater Guild, Co-Artistic Director at Local Theater CompanyRecently Seen Shows (02:21 - 15:46)• Betty discusses nine shows she recently saw (02:55 - 06:37)• Discussion of "The Wiz" at the Buell Theatre (06:38 - 12:00)• Alex discusses "The White Chip" from Boulder Ensemble Theater Company (12:01 - 15:46)Discussion About Theatre Criticism (15:47 - 19:34)• Betty questions reviewers about their criteria for excellence• Conversation about what constitutes a "new" theatrical experienceMore Recently Seen Shows (19:35 - 22:06)• Alex mentions finishing "The White Lotus" TV series• Discussion about weekly vs. binge-watching TV showsTony's Recent Show Experiences (23:51 - 29:08)• "Inheritance Kitchen" immersive theater experience (23:51 - 26:00)• Chinese mystery game Jubensha in Louisville (26:01 - 29:08)• "Bright Star" at Candlelight Dinner Playhouse (29:09 - 33:15)Theatre News (33:16 - 36:37)• Leadership changes at Colorado Springs theaters (33:16 - 34:41)• Colorado Springs Fine Arts Center season announcement (34:42 - 36:37)Media Recommendations & Theater Discourse (36:38 - 44:14)• Freakonomics podcast series on theater (36:38 - 37:37)• Discussion about giving feedback to friends after seeing their shows (37:38 - 44:14)Colorado Theater Guild Updates (44:15 - 52:48)• Unified Auditions on May 4-5 at Aurora Fox Arts Center (44:15 - 48:31)• State of Colorado theater post-pandemic (48:32 - 54:42)• New CTG initiatives regarding theater safety (54:43 - 57:48)Local Theater Company's Local Lab (57:49 - 1:06:01)• Overview of the 14th annual Local Lab festival (57:49 - 59:56)• Discussion of featured plays: o "Batshit" by Stephen Burge (59:57 - 1:01:35)o "A Bedtime Story for Black Boys on the Moon" by Kori Alston (1:01:36 - 1:03:00)o "Bloodsucking Leech" by Amy Tofte (1:03:01 - 1:06:01)Colorado Headliners - Upcoming Shows (1:09:10 - 1:20:27)Wrap-Up and Announcements (1:19:34 - 1:22:08)• Upcoming website content (1:19:34 - 1:20:27)• Podcast scheduling changes - moving to bi-weekly format (1:20:28 - 1:22:08)• Information about the next episode on social media in theater (1:20:28 - 1:21:27)

Why do we instinctively add more—but rarely consider taking things away? In this episode, Leidy Klotz joins us to explore the hidden power of subtraction and why our brains are wired to overlook it. Drawing from his book Subtract, Leidy explains how this instinct to add can lead to unnecessary complexity, missed opportunities, and burnout. But this conversation goes far beyond minimalism—it's about rethinking how we approach challenges and choices in every area of life. We also dive into practical ways to shift our mindset and discover Leidy's unexpected path to becoming a behavioral science expert. If you've ever felt buried under the weight of “more,” this episode will open your eyes to the liberating potential of “less".Take a brief survey for the show to influence future episodes.Links Discussed in This Episode |Connect with Leidy:InstagramWebsiteBook: Subtract: The Untapped Science of LessAbout Leidy|Leidy Klotz is an award-winning professor, international speaker, and the acclaimed author of Subtract, whose groundbreaking research – published in both Nature and Science – has shifted our understanding of how to approach problems and create change. Leidy knows design – the craft of changing things from how they are to how we want them to be. Which, he reminds us, is something we all do every day.Leidy has given more than 100 invited talks for organizations and universities including Stanford, MIT, and every member of the Ivy League (except Yale). He has been interviewed for Hidden Brain (NPR), Freakonomics, and The Atlantic. And he has written for The Wall Street Journal, Harvard Business Review, Scientific American, and The Washington Post.An experienced educator, Leidy has taught thousands of students as a professor at the University of Virginia, including 21 Ph.D. advisees whose designs and teaching shape the world. Diversity and inclusion are core tenets of Leidy's work, as more than three quarters of his advisees are from groups underrepresented in their respective fields.Before he taught design, Leidy designed schools in New Jersey. And before that, he played professional soccer.Episode Sponsors |The Minimalist Moms Podcast would not be possible without the support of weekly sponsors. Choosing brands that I believe in is important to me. I only want to recommend brands that I believe may help you in your daily life. As always, never feel pressured into buying anything. Remember: if you don't need it, it's not a good deal!Enjoy the Podcast?Post a review and share it! If you enjoyed tuning into this podcast, then do not hesitate to write a review. You can also share this with your fellow mothers so that they can be inspired to think more and do with less. Order (or review) my book, Minimalist Moms: Living & Parenting With Simplicity.Questions |You can contact me through my website, find me on Instagram, Pinterest or like The Minimalist Moms Page on Facebook.Checkout the Minimalist Moms Podcast storefront for recommendations from Diane.If you've been struggling with motivation to declutter or work through bad habits that keep you stuck, I'd love to help you achieve your goals! We'll work together (locally or virtually) to discover what areas in your life are high priority to get you feeling less overwhelmed right away.  For more info on my processes, fees, and availability please contact!Our Sponsors:* Check out Armoire and use my code MINIMALIST for a great deal: https://www.armoire.style* Check out Avocado Green Mattress: https://www.avocadogreenmattress.com* Check out Happy Mammoth and use my code MINIMALIST for a great deal: https://happymammoth.comSupport this podcast at — https://redcircle.com/minimalist-moms-podcast2093/exclusive-contentAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this 17th solo episode, I kick things off with a reminder that life is beautiful—if you make it so. It's all about mindset. A grateful attitude and a cheerful disposition can change everything, no matter your circumstances. Everyone carries pain, whether physical, emotional, or psychological. And once you truly understand that, envy starts to disappear. I also address those who assume my life is easy because they see the travel, the family, the highlights—without knowing the fear and pain I've endured. Only love and a deep connection to the divine kept me going.Then, I dive into real estate and the brutal reality of today's housing market. If you don't make at least $124K a year, good luck affording the median-priced home in America. That's 57% higher than the current median household income. We are living through the most unaffordable housing market in history, and I break down what that means for the average person.I also get into politics, world events, the reusable water bottle industry, and so much more.

Following the tragic passing of actress Michelle Trachtenberg, co-stars Sarah Michelle Gellar, Kimberly J. Brown, and Blake Lively pay tribute to the late star. But Blake's tribute is getting scrutiny? Plus, Ari Emanuel's interview on Freakonomics appears to be scrapped, after making disparaging remarks about Justin Baldoni. And later, special guest Jackie Goldschnieder talks about the final season of RHONJ, puts her lawyer cap on to discuss Blake vs. Baldoni, and opens up about her experience with eating disorders.    Shop New Merch now: https://merchlabs.com/collections/zack-peter?srsltid=AfmBOoqqnV3kfsOYPubFFxCQdpCuGjVgssGIXZRXHcLPH9t4GjiKoaio   Book a personalized message on Cameo: https://v.cameo.com/e/QxWQhpd1TIb   Listen to The Pop Report: https://podcasts.apple.com/us/podcast/the-pop-report/id1746150111   Watch Disaster Daters: https://open.spotify.com/show/3L4GLnKwz9Uy5dT8Ey1VPi   Join the Zack Pack Community to get access to perks: https://www.youtube.com/channel/UCs3Zs51YaK-xw2U5ypi5eqg/join   Couldn't get enough? Follow @justplainzack or @nofilterwithzack

According to the Centers for Disease Control and Prevention,about one in three adults in the United States do not get enough sleep. Thismeans that more than 35% of Americans sleep less than seven hours per night.Sleep deprivation can negatively impact mental health, cognitive function, andincrease the risk of heart disease and diabetes.  Women, particularly those under age 50, report sleeping lessthan they need and experience higher stress levels than men. For the first timesince 2001, a majority of U.S. adults—57%—indicated in Gallup polling that theywould feel better if they got more sleep, while 42% believe they are gettingenough sleep. This marks a significant reversal from figures recorded in 2013,when 56% of Americans felt they received adequate sleep, and 43% did not. Derek Hales is the Founder and Editor-in-Chief ofNapLab.com, a platform that tests and reviews mattresses using objective anddata-driven methods. His reviews and personalized mattress recommendations helpreaders quickly find mattresses that fit their needs, preferences, and budgets.With over 10 years of mattress testing experience, Derek has evaluated morethan 410 different mattresses in his career. He has been featured on prominentplatforms such as ABC's Tamron Hall show, Freakonomics, CBS News, and ESPN. The story of NapLab began with Derek and his wife, Samantha.Newly married in 2014, they were in need of a new mattress but were unwillingto pay $5,000 for one at a store. Instead, they decided to try a new breed ofonline mattresses. The first mattress they tried was not a good fit, but thesecond one was a significant improvement. As a hobby, Derek launched his firstmattress review website, Sleepopolis, where he published reviews of the twomattresses he had tried, compared them, and provided other helpful guides.Within just a few weeks, traffic surged. Derek's readers wanted more reviewsfrom various brands, prompting him to test new mattresses and write newreviews.  What started as a one-man operation in a one-bedroomapartment gradually grew into a six-person team of friends and family. Thosedays of testing in a one-bedroom apartment are behind them, and they now have adedicated space for testing, photography, videography, and storage.  For more information, visit: https://naplab.com/

In 2023, the N.F.L. players' union conducted a workplace survey that revealed clogged showers, rats in the locker room — and some insights for those of us who don't play football. Today we're updating that episode, with extra commentary from Omnipresent Football Guy (and former Philadelphia Eagle) Jason Kelce.  SOURCES:Tom Garfinkel, vice chairman, C.E.O., and president of the Miami Dolphins.Jim Ivler, certified contract advisor for players in the National Football League.Jason Kelce, host of New Heights podcast and former center for the Philadelphia Eagles.Jalen Reeves-Maybin, linebacker for the Detroit Lions and president of the National Football League Players Association.Betsey Stevenson, professor of public policy and economics at the University of Michigan.J.C. Tretter, former president of the National Football League Players Association and former offensive lineman.Mark Wilf, owner and president of the Minnesota Vikings. RESOURCES:“N.F.L. Player Team Report Cards,” by the National Football League Players Association (2024)."NFLPA team report cards: Dolphins rank No. 1; Jaguars jump from 28th to fifth; Commanders earn worst grade," by Jonathan Jones (CBS Sports, 2024).Kelce, documentary (2023).“The N.F.L. Cast Him Out; He Says That Only Makes Him More Powerful,” by Alex Prewitt (Sports Illustrated, 2022).New Heights with Jason and Travis Kelce, (produced by Wave Sports + Entertainment). EXTRAS:"Why Don't Running Backs Get Paid Anymore?" by Freakonomics Radio (2025)“How Does Playing Football Affect Your Health?” by Freakonomics, M.D. (2023).“Why Does the Most Monotonous Job in the World Pay $1 Million?” by Freakonomics Radio (2022).

We all know that data doesn't speak for itself, but what happens when multiple instruments of measurement contain flaws or gaps that impede our ability to measure what matters on their own? Turning to our intuition and triangulation of what's happening in the broader macro sense can often help explain our understanding of our customers' ever-changing choices, opinions, and actions. Thankfully we had Erika Olson, co-founder of fwd. — which in our opinion is essentially the Freakonomics of marketing consultancies — join Tim, Moe and Val for this discussion to dive into some real-world examples of things that are inherently hard to measure and ways to overcome those challenges. For complete show notes, including links to items mentioned in this episode and a transcript of the show, visit the show page.

The Francesca Gino scandal shook the academic world, exposing fraudulent research practices at one of the world's most prestigious institutions, Harvard Business School. This episode unpacks the details of the case, from the initial discoveries to the implications for science. You'll learn: How a PhD student uncovered data manipulation in a high-profile study (feat. Zoe Xani's investigation). The critical role of whistleblowers in exposing fraud (feat. Data Colada's analysis). Key findings from Harvard's 1,300-page report on research misconduct. Which studies were faked and what they claimed to find. How self-correcting mechanisms can strengthen trust despite scandals. ---- Sign up to my newsletter: https://www.nudgepodcast.com/mailing-list Connect on LinkedIn: https://www.linkedin.com/in/phill-agnew-22213187/ Watch Nudge on YouTube: https://www.youtube.com/@nudgepodcast/ ---- Sources: Data Colada. (2023). [109] Data falsificada (Part 1): “Clusterfake”. https://datacolada.org/109 Data Colada. (2023). Data falsificada (Part 1): Evidence that Francesca Gino fabricated data. Data Colada. Retrieved from https://datacolada.org/110 Data Colada. (2023). Data falsificada (Part 3): The cheaters are out of order. Data Colada. Retrieved from https://datacolada.org/111 Data Colada. (2023). Data falsificada (Part 4): Forgetting the words. Data Colada. Retrieved from https://datacolada.org/112 Data Colada. (2024). [116] Our (first?) day in court. https://datacolada.org/116 Data Colada. (2024). [118] Harvard's Gino Report Reveals How A Dataset Was Altered, Data Colada. https://datacolada.org/118 Dalton, R. (2023, October 18). Embattled Harvard honesty professor accused of plagiarism. Science. Retrieved January 6, 2025, from https://www.science.org/content/article/embattled-harvard-honesty-professor-accused-plagiarism Dubner, S. J. (2024). Why is there so much fraud in academia? (Update) [Audio podcast episode]. In Freakonomics Radio. Freakonomics, LLC. https://freakonomics.com/podcast/why-is-there-so-much-fraud-in-academia-update/ Dubner, S. J. (2025). Can academic fraud be stopped? (Update) [Audio podcast episode]. In Freakonomics  Radio. Freakonomics, LLC. https://freakonomics.com/podcast/can-academic-fraud-be-stopped-update/ Gino, F., Kouchaki, M., & Galinsky, A. D. (2015). The moral virtue of authenticity: How inauthenticity produces feelings of immorality and impurity. Psychological Science, 26(7), 983–996. https://doi.org/10.1177/0956797615575277 Gino, F., & Wiltermuth, S. S. (2014). Evil genius? How dishonesty can lead to greater creativity. Psychological Science, 25(4), 973–981. https://doi.org/10.1177/0956797614520714 Gino, F., Kouchaki, M., & Casciaro, T. (2020). Why connect? Moral consequences of networking with a promotion or prevention focus. Journal of Personality and Social Psychology, https://psycnet.apa.org/doiLanding?doi=10.1037%2Fpspa0000226 Harari, Y. N. (2024). Nexus: A brief history of information networks from the Stone Age to AI. Fern Press. Judo, P. (2024). It's over – Gino vs Harvard fake data scandal [Video]. YouTube. https://youtu.be/Q9tgyVPytBk Konnikova, M. (2023). They studied dishonesty. Was their work a lie? The New Yorker. https://www.newyorker.com/magazine/2023/10/09/they-studied-dishonesty-was-their-work-a-lie Lewis-Karus. (2024). How a scientific dispute spiraled into a defamation lawsuit. The New Yorker. https://www.newyorker.com/news/news-desk/how-a-scientific-dispute-spiralled-into-a-defamation-lawsuit Shu, L. L., Mazar, N., Gino, F., Ariely, D., & Bazerman, M. H. (2012). Signing at the beginning makes ethics salient and decreases dishonest self-reports in comparison to signing at the end. Proceedings of the National Academy of Sciences, 109(38), 15197–15200. https://doi.org/10.1073/pnas.1209746109

Why are humans so bad at predicting the future? What exactly is college for? And does expensive wine really taste better? Those are among the many questions tackled by journalist Stephen Dubner and economist Steven Levitt over the years, since their bestselling book Freakonomics came out in 2005. We'll talk with Dubner about the duo's book and podcast empire which aims to reveal “the hidden side of everything” and about whether the field of behavioral economics has lived up to its promise. And we'll dive into Freakonomics Radio's recent series on the legal marijuana industry, and why it's such a mess. Guests: Stephen Dubner, Freakonomics Radio host and best-selling author

In a wide-ranging conversation with Ezekiel Emanuel, the policymaking physician and medical gadfly, we discuss the massive effects of GLP-1 drugs like Ozempic, Wegovy, and Mounjaro. We also talk about the state of cancer care, mysteries in the gut microbiome, flaws in the U.S. healthcare system — and what a second Trump term means for healthcare policy. SOURCES:Ezekiel Emanuel, vice provost for Global Initiatives, co-director of the Health Transformation Institute, and professor at the University of Pennsylvania Perelman School of Medicine. RESOURCES:"Obesity Drugs Would Be Covered by Medicare and Medicaid Under Biden Proposal," by Margot Sanger-Katz (The New York Times, 2024)."International Coverage of GLP-1 Receptor Agonists: A Review and Ethical Analysis of Discordant Approaches," by Johan L. Dellgren, and Govind Persad, and Ezekiel J. Emanuel (The Lancet, 2024).The Coming Wave: Technology, Power, and the Twenty-first Century's Greatest Dilemma, by Mustafa Suleyman (2023)."The Significance of Blockbusters in the Pharmaceutical Industry," by Alexander Schuhmacher, Markus Hinder, Nikolaj Boger, Dominik Hartl, and Oliver Gassmann (Nature Reviews Drug Discovery, 2022).Reinventing American Health Care: How the Affordable Care Act Will Improve Our Terribly Complex, Blatantly Unjust, Outrageously Expensive, Grossly Inefficient, Error Prone System, by Ezekiel J. Emanuel (2014)."Why I Hope to Die at 75," by Ezekiel J. Emanuel (The Atlantic, 2014)."Direct-to-Consumer Advertising of Pharmaceuticals," by Ziad F. Gellad and Kenneth W. Lyles (The American Journal of Medicine, 2014).Brothers Emanuel: A Memoir of an American Family, by Ezekiel J. Emanuel (2013)."Bounds in Competing Risks Models and the War on Cancer," by Bo E. Honoré and Adriana Lleras-Muney (Econometrica, 2006). EXTRAS:"How to Fix Medical Research," by People I (Mostly) Admire (2024)."The Suddenly Diplomatic Rahm Emanuel," by Freakonomics Radio (2023)."Ari Emanuel Is Never Indifferent," by Freakonomics Radio (2023)."Who Pays for Multimillion-Dollar Miracle Cures?" by Freakonomics, M.D. (2023)."Who Gets the Ventilator?" by Freakonomics Radio (2020).

TICKETS ON SALE NOW: PORTLAND LIVE SHOW From romanian candles  to Mohini's pizza- all your favorite fluff pieces revisited. Originally published on July 15, 2017. It's the commissioned episode you've all been waiting for...the FLUFFCAST! We jump into all the most insane, hilarious, horrifying, sexist, perfect, amazing, diva-tastic, butterfly-gazing, Romanian candle-holding fluff pieces in the history of gymnastics broadcasts. Thank you so much to Fluff Feels for commissioning the episode we were born to do, and thank you to everyone who sent in suggestions! Jessica and Spencer dissect: 2000 Olympic All-Around fluff  NBC's Living-Parents Championship, starring Russian daddy issues and soldiers kidnapping Zamo. Prod's shaved eyebrow Prod's convertible flexing fluff, the only verifiably true fluff ever The legendary Romanian candle cups Elise Ray and the butterfly NBC's weird obsession with 1950s-style nuclear families 2000 Atler v. Dantzscher v. Beth Rybacki's tears How much resentment and blame? ALL OF IT! What's the deal with that wild west picture? And that helicopter-parent one? 1996 Kerri Strug lives in everyone's shadow fluff  Is this the most sexist fluff of all time? Jessica's expletive parade Invention of the Bechdel Test for gymnastics fluff pieces "A diva is magical" That time Khorkina was perfect in every way Was saying, "I want to win as much as I want to mother my own child" really such a big deal? 1994 Romanian terrifying fluff of horrors The twist ending and the LITERAL DEAD BODY Trouble with keeping communist narratives straight NBC's fascination with Romanian people's eyes Freakonomics episode update "Abortion and Crime, Revisited (Update)" 2024 1995 Moceanu fluff A creepy pedophile wonderland of a fluff piece Why is Bela so bad at boats? That insane 1997 "I Will Remember You" fluff Moceanu standing in a forest in a leo clawing that tree in 2000 1992 Bogi and her coach fluff How respectfully and maturely do we think NBC handled the issue of suicide? Bogi has no time for family or your sexist coach narratives Kim Kelly gets bumped Blurry smoke-filled rooms! Shadiness! “Who'd they drop?” “You, Kim.” Mohini delivers pizzas (1) (2) Why let fact get in the way of narrative? Important question: what are raffle bars? The most upsetting and bizarre fluff you will ever see A lesson on which issues should never be addressed in fluff pieces Elvire Teza 1998 More fun with racist Chinese music! Why we want to move to France and live with the French team JOIN CLUB GYM NERD or give it as a gift! Join Club Gym Nerd here with brand new membership tiers, commission your own episode, or commission your own segment. Buy some of our awesome merchandise here. RELATED EPISODES 257: The Daniels Report 256: 1996 Olympic All-Around Final (Commissioned) 255: 1996 Olympic Team Final (Commissioned) 254: Vanessa Atler 200: Alicia Sacramone 197: Betty Okino 187: McKayla Maroney 38: Svetlana Boginskaya 31: Elise Ray 28: Kristen Maloney 19: Andreea Raducan 17: Growing Up In The Soviet Gymnastics System And Training At Round Lake 225: 1992 Olympics Recap with Wendy Bruce (Commissioned) 185: 2008 Olympic All-Around Finals (Commissioned) 252: Myths, Legends, and Unexpected Moments in Gymnastics History (Commissioned)

 @clarafications  Halakhic Man fn4 https://www.youtube.com/live/T2HEckRXvso?si=KjLGNuFglBm-o-IQ  https://paulkingsnorth.substack.com/p/donald-and-the-pincer  @Freakonomics  611. Fareed Zakaria on What Just Happened, and What Comes Next | Freakonomics Radio https://youtu.be/tH_qmclOZ6U?si=qJNfDFRzBlp6rmj2  @bigthink  Sam Harris: The great problem of our time https://youtu.be/cfAUbJgR0pE?si=Lb8z3S-pwSf8YpYW  @thedavidpakmanshow  MAGA is CRUSHING media while I'm BEGGING Dems to appear on my show https://youtu.be/YmMcQJ2JN2Q?si=LmYBuvywQBuuYtr6 Mark Parker and I https://youtu.be/8-eVE6SjJ2A  Paul Vander Klay clips channel https://www.youtube.com/channel/UCX0jIcadtoxELSwehCh5QTg Bridges of Meaning Discord https://discord.gg/5PYpJr2r https://www.meetup.com/sacramento-estuary/ My Substack https://paulvanderklay.substack.com/ Estuary Hub Link https://www.estuaryhub.com/ If you want to schedule a one-on-one conversation check here. https://calendly.com/paulvanderklay/one2one There is a video version of this podcast on YouTube at http://www.youtube.com/paulvanderklay To listen to this on ITunes https://itunes.apple.com/us/podcast/paul-vanderklays-podcast/id1394314333  If you need the RSS feed for your podcast player https://paulvanderklay.podbean.com/feed/  All Amazon links here are part of the Amazon Affiliate Program. Amazon pays me a small commission at no additional cost to you if you buy through one of the product links here. This is is one (free to you) way to support my videos.  https://paypal.me/paulvanderklay Blockchain backup on Lbry https://odysee.com/@paulvanderklay https://www.patreon.com/paulvanderklay Paul's Church Content at Living Stones Channel https://www.youtube.com/channel/UCh7bdktIALZ9Nq41oVCvW-A To support Paul's work by supporting his church give here. https://tithe.ly/give?c=2160640 https://www.livingstonescrc.com/give  

Young people have been reporting a sharp rise in anxiety and depression. This maps neatly onto the global rise of the smartphone. Some researchers are convinced that one is causing the other. But how strong is the evidence? SOURCES:David Blanchflower, professor of economics at Dartmouth College.Lauren Oyler, novelist and cultural critic.Andrew Przybylski, professor of human behavior and technology at the University of Oxford. RESOURCES:"The Declining Mental Health Of The Young And The Global Disappearance Of The Hump Shape In Age In Unhappiness," by David G. Blanchflower, Alex Bryson, and Xiaowei Xu (NBER Working Paper, 2024)."Further Evidence on the Global Decline in the Mental Health of the Young," by David G. Blanchflower, Alex Bryson, Anthony Lepinteur, and Alan Piper (NBER Working Paper, 2024).No Judgment: Essays, by Lauren Oyler (2024)."To What Extent are Trends in Teen Mental Health Driven by Changes in Reporting?" by Adriana Corredor-Waldron and Janet Currie (Journal of Human Resources, 2024).The Anxious Generation: How the Great Rewiring of Childhood Is Causing an Epidemic of Mental Illness, by Jonathan Haidt (2024)."Global Well-Being and Mental Health in the Internet Age," by Matti Vuorre and Andrew K. Przybylski (Clinical Psychological Science, 2023)."Are Mental Health Awareness Efforts Contributing to the Rise in Reported Mental Health Problems? A Call to Test the Prevalence Inflation Hypothesis," by Lucy Foulkes and Jack L. Andrews (New Ideas in Psychology, 2023)."The Association Between Adolescent Well-Being and Digital Technology Use," by Amy Orben and Andrew K. Przybylski (Nature Human Behaviour, 2019).iGen: Why Today's Super-Connected Kids Are Growing Up Less Rebellious, More Tolerant, Less Happy — and Completely Unprepared for Adulthood — and What That Means for the Rest of Us, by Jean M. Twenge (2017). EXTRAS:"Are You Caught in a Social Media Trap?" by Freakonomics Radio (2024)."Are We Getting Lonelier?" by No Stupid Questions (2023)."Is Facebook Bad for Your Mental Health?" by Freakonomics, M.D. (2022).

What is the evolutionary purpose of laughter? What's the difference between Swedish depression and American depression? And why aren't aliens interested in abducting Mike?  SOURCES:Jennifer Aaker, professor of marketing at Stanford University.Judd Apatow, film director, screenwriter, and comedian.Fredrik Backman, author.Naomi Bagdonas, lecturer in management at Stanford University.James Corden, actor, comedian, and former late-night television host.Dick Costolo, former C.E.O. of Twitter.Carol Dweck, professor of psychology at Stanford University.Jimmy Fallon, comedian and late-night television host.Daniel Kahneman, professor emeritus of psychology and public affairs at Princeton University.Jimmy Kimmel, comedian and late-night television host.Larry LaPrise, 20th-century American singer-songwriter.Jerry Seinfeld, comedian, actor, and writer. RESOURCES:"Fredrik Backman on Creative Anxiety and Procrastination," by Fredrik Backman (Simon & Schuster Centennial Celebration, 2024)."The Relative Importance of Joke and Audience Characteristics in Eliciting Amusement," by Hannes Rosenbusch, Anthony M. Evans, and Marcel Zeelenberg (Psychological Science, 2022)."The 100-Million-Year Origin Story of Laughter and Humor," by Dean Russell (Endless Thread, 2022).Humor, Seriously: Why Humor Is a Secret Weapon in Business and Life (And How Anyone Can Harness It. Even You.), by Jennifer Aaker and Naomi Bagdonas (2021)."What Makes Things Funny? An Integrative Review of the Antecedents of Laughter and Amusement," by Caleb Warren, Adam Barsky, and A. Peter McGraw (Personality and Social Psychology Review, 2020).Sick in the Head: Conversations About Life and Comedy, by Judd Apatow (2015).How to Win Friends and Influence People, by Dale Carnegie (1936). EXTRAS:"Can A.I. Take a Joke?" by Freakonomics Radio (2023)."The Comedian-Ophthalmologist Will See You Now," by Freakonomics, M.D. (2022).There's Something About Mary, film (1998).

Also: are the most memorable stories less likely to be true? Stephen Dubner chats with Angela Duckworth in this classic episode from July 2020. SOURCES:Pearl S. Buck, 20th-century American novelist.Jack Gallant, professor of neuroscience and psychology at the University of California, Berkeley.Steve Levitt, professor emeritus of economics at the University of Chicago, host of People I (Mostly) Admire, and co-author of the Freakonomics books.George Loewenstein, professor of economics and psychology at Carnegie Mellon University.Deborah Small, professor of marketing at Yale University.Adin Steinsaltz, rabbi, philosopher, and author.Diana Tamir, professor of neuroscience and psychology at Princeton University. RESOURCES:"The Representation of Semantic Information Across Human Cerebral Cortex During Listening Versus Reading Is Invariant to Stimulus Modality," by Fatma Deniz, Anwar O. Nunez-Elizalde, Alexander G. Huth and Jack L. Gallant (Journal of Neuroscience, 2019)."Reading Fiction and Reading Minds: The Role of Simulation in the Default Network," by Diana Tamir, Andrew B. Bricker, David Dodell-Feder, and Jason P. Mitchell (Social Cognitive and Affective Neuroscience, 2016).Think Like a Freak, by Stephen Dubner and Steve Levitt (2014).SuperFreakonomics, by Stephen Dubner and Steve Levitt (2009).Encyclopedia of Ethical Failure, by the Department of Defense (2009)."Stories or Statistics? Farmers' Attitudes Toward Messages in an Agricultural Safety Campaign," by S. E. Morgan, H. P. Cole, T. Struttmann, and L. Piercy (Journal of Agricultural Safety and Health, 2002)."Explaining the Identifiable Victim Effect," by Karen Jenni and George Loewenstein (Journal of Risk and Uncertainty, 1997)."Explanation-Based Decision Making: Effects of Memory Structure on Judgment," by N. Pennington and R. Hastie (Journal of Experimental Psychology: Learning, Memory, and Cognition, 1988).The Good Earth, by Pearl S. Buck (1931). EXTRAS:"Abortion and Crime, Revisited (Update)," by Freakonomics Radio (2022)."This Is Your Brain on Podcasts," by Freakonomics Radio (2016).

Why does the U.S. use Fahrenheit when Celsius is better? Would you quit your job if a coin flip told you to? And how do you get an entire country to drive on the other side of the road? SOURCES:Christian Crandall, professor of psychology at the University of Kansas.Stephen Dubner, host of Freakonomics Radio and co-author of the Freakonomics books.Scott Eidelman, professor of psychology at the University of Arkansas.David Hume, 18th century Scottish philosopher.Ellen Langer, professor of psychology at Harvard University.Steve Levitt, professor emeritus of economics at the University of Chicago, host of People I (Mostly) Admire, and co-author of the Freakonomics books.John McWhorter, professor of linguistics, English, and comparative literature at Columbia University.Mark Twain, 19-20th century American writer. RESOURCES:"What Countries Use the Imperial System?" by William Harris and Sascha Bos (HowStuffWorks, 2023)."UK Quietly Drops Brexit Law to Return to Imperial Measurements," by George Parker (Financial Times, 2023)."Heads or Tails: The Impact of a Coin Toss on Major Life Decisions and Subsequent Happiness," by Steven D. Levitt (The Review of Economic Studies, 2021)."A ‘Thrilling' Mission to Get the Swedish to Change Overnight," by Maddy Savage (BBC, 2018)."Why We Can't Quit the QWERTY Keyboard," by Rachel Metz (MIT Technology Review, 2018)."Why Americans Still Use Fahrenheit Long After Everyone Else Switched to Celsius," by Zack Beauchamp (Vox, 2015)."The Intuitive Traditionalist: How Biases for Existence and Longevity Promote the Status Quo," by Scott Eidelman and Christian Crandall (Advances in Experimental Social Psychology, 2014)."What Scientific Concept Would Improve Everybody's Cognitive Toolkit?" (Edge, 2011)."Mars Probe Lost Due to Simple Math Error," by Robert Lee Hotz (Los Angeles Times, 1999). EXTRAS:"Would You Let a Coin Toss Decide Your Future?" by Freakonomics Radio (2013)."The Upside of Quitting," by Freakonomics Radio (2011).

What happens when machines become funnier, kinder, and more empathetic than humans? Do robot therapists save lives? And should Angela credit her virtual assistant as a co-author of her book? SOURCES:Robert Cialdini, professor emeritus of psychology at Arizona State University.Reid Hoffman, co-founder and executive chairman of LinkedIn; co-founder and board member of Inflection AI.Kazuo Ishiguro, novelist and screenwriter.Ethan Mollick, professor of management and co-director of the Generative A.I. Lab at the Wharton School of the University of Pennsylvania.Ann Patchett, author.Kevin Roose, technology columnist for The New York Times and co-host of the podcast Hard Fork.Niko Tinbergen, 20th-century Dutch biologist and ornithologist.Lyle Ungar, professor of computer and information science at the University of Pennsylvania.E. B. White, 20th-century American author. RESOURCES:Co-Intelligence: Living and Working with AI, by Ethan Mollick (2024)."Meet My A.I. Friends," by Kevin Roose (The New York Times, 2024)."Loneliness and Suicide Mitigation for Students Using GPT3-Enabled Chatbots," by Bethanie Maples, Merve Cerit, Aditya Vishwanath, and Roy Pea (NPJ Mental Health Research, 2024)."AI Can Help People Feel Heard, but an AI Label Diminishes This Impact," by Yidan Yin, Nan Jia, and Cheryl J. Wakslak (PNAS, 2024)."Romantic AI Chatbots Don't Have Your Privacy at Heart," by Jen Caltrider, Misha Rykov and Zoë MacDonald (Mozilla Foundation, 2024).Klara and the Sun, by Kazuo Ishiguro (2021).The Study Of Instinct, by Niko Tinbergen (1951).Pi. EXTRAS:"Are Our Tools Becoming Part of Us?" by People I (Mostly) Admire (2024)."Is GPS Changing Your Brain?" by No Stupid Questions (2023)."How to Think About A.I.," series by Freakonomics Radio (2023)."Would You Rather See a Computer or a Doctor?" by Freakonomics, M.D. (2022).

Join us in this exclusive interview with Carly Reilly and Stephen Dubner, co-author of Freakonomics, where he shares insights on his storytelling journey, the creation of the Freakonomics media empire, and his perspectives on various topics, including the challenges of brand management, the evolution of his podcast, and the intersection of economics with everyday life. The conversation covers how Dubner approaches complex topics like crime rates, political dynamics, and economic theories with a unique blend of empirical analysis and narrative storytelling, making them accessible and engaging for a broad audience. Humanity Forward Foundation and Freakonomics Radio are joining forces to launch a time banking initiative! To get involved, email time@humanityforwardfoundation.org. Watch the full episode on YouTube: https://youtu.be/QNPKXfJk2mE ---- Follow Stephen Dubner: https://x.com/dubnerstephen | https://x.com/freakonomics Follow Carly Reilly: https://x.com/carlypreilly | https://www.linkedin.com/in/carly-reilly-606ab166/ Follow Andrew Yang: https://andrewyang.com | https://x.com/andrewyang Get 50% off Factor at https://factormeals.com/yang50 Get an extra 3 months free at https://expressvpn.com/yang Get 20% off + 2 free pillows at https://helixsleep.com/yang code helixpartner20 ---- Subscribe to Forward: Apple — https://podcasts.apple.com/podcast/id1508035243 Spotify — https://open.spotify.com/show/25cFfnG3lGuypTerKDxKia To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Under his helm, the TED Conference went from a small industry gathering to a global phenomenon. Chris and Steve talk about how to build lasting institutions, how to make generosity go viral, and what Chris has learned about public speaking. SOURCE:Chris Anderson, head of TED. RESOURCES:Infectious Generosity: The Ultimate Idea Worth Spreading, by Chris Anderson (2024).TED Talks: The Official TED Guide to Public Speaking, by Chris Anderson (2016)."The Best Stats You've Ever Seen," by Hans Rosling (TED, 2006)."Do Schools Kill Creativity?" by Sir Ken Robinson (TED, 2006)."Close-Up Card Magic With a Twist," by Lennart Green (TED, 2005)."The Freakonomics of Crack Dealing," by Steve Levitt (TED, 2004).ZoeCoral.com. EXTRAS:"Giving It Away," by People I (Mostly) Admire (2022)."We Can Play God Now," by People I (Mostly) Admire (2022)."Self-Help for Data Nerds," by People I (Mostly) Admire (2022)."Steven Pinker: 'I Manage My Controversy Portfolio Carefully,'" by People I (Mostly) Admire (2020).

Five years ago, we published an episode about the boom in home DNA testing kits, focusing on the high-flying firm 23andMe and its C.E.O. Anne Wojcicki. Their flight has been extremely bumpy since then. This update includes an additional interview with the Wall Street Journal reporter who has been investigating the firm's collapse. SOURCES:Rolfe Winkler, reporter at The Wall Street Journal.Anne Wojcicki, co-founder and C.E.O. of 23andMe. RESOURCES:"23andMe's Fall From $6 Billion to Nearly $0," by Rolfe Winkler (The Wall Street Journal, 2024)."23andMe User Data Stolen in Targeted Attack on Ashkenazi Jews," by Lily Hay Newman (Wired, 2023).Inheritance: A Memoir of Genealogy, Paternity, and Love, by Dani Shapiro (2019).How To Raise Successful People: Simple Lessons for Radical Results, by Esther Wojcicki (2019).“Diet and exercise changes following direct-to-consumer personal genomic testing,” by Daiva Elena Nielsen, Deanna Alexis Carere, Catharine Wang, J. Scott Roberts, and Robert C. Green (BMC Medical Genomics, 2016).“The impact of communicating genetic risks of disease on risk-reducing health behaviour: systematic review with meta-analysis,” Gareth J Hollands, David P. French, Simon J. Griffin, A. Toby Prevost, Stephen Sutton, Sarah King, Theresa M. Marteau (The British Medical Journal, 2016). EXTRAS:"Does Your DNA Determine Your Weight?" by No Stupid Questions (2023)."What's Stopping Us From Curing Rare Diseases?" by Freakonomics, M.D. (2023)."We Can Play God Now," by People I (Mostly) Admire (2022)."Susan Wojcicki: 'Hey, Let's Go Buy YouTube!'" by People I (Mostly) Admire (2020).

Economists have discovered an odd phenomenon: many people who use social media (even you, maybe?) wish it didn't exist. But that doesn't mean they can escape. SOURCES:Leonardo Bursztyn, professor of economics at the University of Chicago.Benjamin Handel, professor of economics at the University of California, Berkeley. RESOURCES:"When Product Markets Become Collective Traps: The Case of Social Media," by Leonardo Bursztyn, Benjamin Handel, Rafael Jimenez, and Christopher Roth (NBER Working Paper, 2023)."Social Media and Xenophobia: Evidence from Russia," by Leonardo Bursztyn, Georgy Egorov, Ruben Enikolopov, and Maria Petrova (NBER Working Paper, 2019)."Status Goods: Experimental Evidence from Platinum Credit Cards," by Leonardo Bursztyn, Bruno Ferman, Stefano Fiorin, Martin Kanz, and Gautam Rao (NBER Working Paper, 2017)."'Acting Wife': Marriage Market Incentives and Labor Market Investments," by Leonardo Bursztyn, Thomas Fujiwara, and Amanda Pallais (American Economic Review, 2017)."Measuring Crack Cocaine and Its Impact," by Roland G. Fryer Jr., Paul S. Heaton, Steven D. Levitt, and Kevin M. Murphy (Economic Inquiry, 2013). EXTRAS:"Is Facebook Bad for Your Mental Health?" by Freakonomics, M.D. (2022)."Why Is U.S. Media So Negative?" by Freakonomics Radio (2021).