How a Performance Metric Can Lead to a Giant Nail

In government, business and at home, the performance metrics we create always are accompanied by incentives that create unintended consequences.

Why More Movies Are Boring

With the competitive market structure of the movie business changing from less to more competition, movie content from major studios is less innovative.

Michael Lewis and the Extra Cookie

During his 2012 Princeton Baccalaureate Address, financial writer Michael Lewis describes a college psychology experiment in which students were divided into teams, each composed of 3 people with a randomly assigned a leader. Given a social problem like drinking or cheating, the…

Moneyball Economics

A wonderful baseball movie, Moneyball is also about economics. The story focuses on the Oakland Athletics, a second-tier baseball team with a small budget. A speedy runner? A homerun hitter? The stars cost many millions that Oakland just did not…