Michael Giberson I noticed when posting the previous item that one of the subject tags in the Knowledge Problem system was “smart gird.” Not “grid”, but “gird.” A simple enough substitution of the “i” and “r”, and, apparently, pretty common online. Google yields a plethora of “smart gird” results (although it first redirected me to … More R I Making Smart Grid Sense?
Michael Giberson Much of the smart grid promise (and hype) implicitly suggests that the benefits will be scooped up by high-income consumers. Who else is going to be buying “grid aware” washer-dryer sets with built in wi-fi connectivity integrated into internet-linked home energy managements system? Still, the benefits won’t be limited to big spenders hoping … More Smart Meter Benefits for Low-income Consumers
Lynne Kiesling Glen Whitman has been posting excerpts from his Arizona Law Review paper with Mario Rizzo on the “new paternalism” for a while, and his most recent discussion has to do with the paternalist policy recommendations around the human tendency toward hyperbolic discounting. Hyperbolic discounting means that individuals tend to place more weight on … More Whitman and Worstall: Apply “New Paternalism” Logic to Policymakers Too