Sean Lynch Speaks Sense on Electricity Markets

Lynne Kiesling A belated shout-out to Sean Lynch at Catallarchy for his excellent post on electricity pricing and incentives to reduce use, creating system benefits in the bargain. It’s so good that I wish I had written it. … More Sean Lynch Speaks Sense on Electricity Markets

Floyd Landis and Doping: Do Labs And/or the Media Understand Statistics?

Lynne Kiesling Statistical illiteracy abounds in society, and nowhere is it more evident than in the screaming headlines this afternoon about “Floyd Landis’ failed drug test”. OK, so this statistical illiteracy is a pet peeve of mine, so let me scratch it here. Cyclists face a two-tier drug test, A and B. If you have … More Floyd Landis and Doping: Do Labs And/or the Media Understand Statistics?More Floyd Landis and Doping: Do Labs And/or the Media Understand Statistics?

Economics Board Games? Settlers of Catan

Lynne Kiesling Anyone familiar with Settlers of Catan? My programmer RA told me about it this morning, and it sounds very interesting. You settle an uninhabited island, the roll of a die determines resource conditions, and you trade. Whoever does the best wins. Dice rolls during the game change the resource conditions. Totally a barter … More Economics Board Games? Settlers of CatanMore Economics Board Games? Settlers of Catan

$3 Gas: People Respond to Incentives

Lynne Kiesling US gasoline at $3 drives people onto buses, trains In the first quarter, as gas prices started to surge again, public transportation ridership rose 4.25 percent nationwide, representing almost 2.5 billion trips, the APTA said. The increase “seems to relate very largely to gas prices,” Millar said. “Hearing anecdotally from our members about … More $3 Gas: People Respond to IncentivesMore $3 Gas: People Respond to Incentives