Tag Archives: economics

Quote of the day #65

” If you torture the data long enough, it will confess “

Ronald H. Coase

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Audio content has one major advantage over video or written content: you can fully consume it while being engaged in another activity. Of course you can, say, also read a magazine while watching something on TV, but in that case it will be impossible to grasp the full details of both sources of content. Another example where watching video or reading is clearly not possible is in the car – if you are in the driver seat in this unfortunately still pre-Google-self-driving-car-for-commercial-use era. Listening to audio on the other hand is perfectly possible when you are behind the steering wheel.

That is probably why cars are usually equipped with some sort of audio device and why there are no regulations against consuming audio whilst driving. For a very long time Continue reading

Quote of the day #15

“Morality (…) represents the way that people would like the world to work – whereas economics represent how it actually does work.”

Steven D. Levitt & Stephen J. Dubner in Freakonomics
@Markus: thanks for borrowing me your copy of the book – I enjoyed reading it very much
Picture by Troy Tuttle (cropped) - http://stephenjdubner.com/bio.htmlPicture cropped from ALA's Photostream on Flickr (https://www.flickr.com/photos/ala_members/)