Wednesday, September 25, 2024
Mohammad Akbarpour, interviewed by Scott Cunningham
Thursday, June 27, 2024
Freakonomics interviews John Cawley about celebrity advertisements and repugnance (when the celebrity goes bad)
My email this morning included this announcement:
"Thank you for sitting down with Freakonomics Radio to discuss your work. The episode "Your Brand’s Spokesperson Just Got Arrested — Now What?" includes your interview and has just been released. You can listen and find the transcript on our website here, or download on Apple Podcasts, Spotify, or wherever you get your podcasts. We will be posting the episode on our Twitter, Facebook, and LinkedIn pages and would love it if you could share it on your social media as well."
The episode interviews John Cawley about this paper:
The Role of Repugnance in Markets: How the Jared Fogle Scandal Affected Patronage of Subway by John Cawley, Julia Eddelbuettel, Scott Cunningham, Matthew D. Eisenberg, Alan D. Mathios & Rosemary J. Avery NBER WORKING PAPER 31782 DOI 10.3386/w31782 October 2023
And they chat with me a bit about repugnance.
I had blogged about that paper here:
Saturday, October 21, 2023
Saturday, October 21, 2023
Repugnance is hard to predict
Widespread repugnance, or its absence, is hard to predict. Why do the U.S. and western Europe have almost opposite positions on the legality of surrogacy and prostitution for example?
Here's a paper that carefully looked for, and failed to find evidence of a repugnance reaction from consumers about a scandal involving a company spokesperson (but unrelated to the company's business).
The Role of Repugnance in Markets: How the Jared Fogle Scandal Affected Patronage of Subway by John Cawley, Julia Eddelbuettel, Scott Cunningham, Matthew D. Eisenberg, Alan D. Mathios & Rosemary J. Avery NBER WORKING PAPER 31782 DOI 10.3386/w31782 October 2023
Economics has long studied how consumers respond to the disclosure of information about firms. We study a case in which the disclosed information is unrelated to the product or firm leadership, but which could still potentially affect consumer patronage through the mechanism of repugnance, as described in Roth (2007). The information in this case concerns the arrest of Jared Fogle, the advertising pitchman for the Subway sandwich franchise, who was arrested in 2015 on charges of sex with a minor and child pornography. We study how the disclosure of this information, which was widely covered in the media, affected patronage of Subway. We estimate synthetic control models using data from a large nationwide survey of consumers regarding the restaurants they patronize. Despite the close and long-standing association of Jared Fogle with Subway, and heavy publicity of his crimes, we consistently fail to detect any effect of the Jared Fogle scandal on the probability of visiting a Subway restaurant. These results contrast with past studies of negative information disclosure, which tend to find negative impacts on sales, revenue, or stock price of the relevant companies. The absence of an effect in this case suggests that repugnance did not drive demand, and that consumers largely separated the offenses of a symbol of the firm from the products of the firm.
Wednesday, July 26, 2023
Paying it forward
Scott Cunningham, an economist who devotes a lot of his efforts to providing public goods, recently had a post on the phrase "paying it forward." He writes that he connected it with a movie with a similar name, but has recently come to view it differently (for reasons I find too embarrassing to quote, but related to the fact that I use the phrase now and then.)
Wikipedia says "Pay it forward is an expression for describing the beneficiary of a good deed repaying the kindness to others instead of to the original benefactor." It goes on to say "Robert Heinlein's 1951 novel Between Planets helped popularize the phrase." I could have first seen it there, as I read much of Heinlein's science fiction when I was a boy.
My associations with the phrase now mostly come from the motivations and actions of some living kidney donors, particularly in kidney exchange chains.
The phrase is certainly is evocative of what we do so much of in academia (when we're doing academia well): it describes the relationship between studying and teaching, and between teachers and students.
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Scott's post announced that, as part of paying things forward, he's funding a prize for young economists.
Wednesday, May 10, 2023
New Directions in Market Design, NBER conference May 11-12, 2023 in Washington DC (and on YouTube)
I'm on my way to this conference, celebrating a quarter of a century of practical market design by economists.
New Directions in Market Design, NBER conference May 11-12, 2023 (US Eastern Time)
LOCATION Convene, 600 14th St NW in Washington, DC. and livestreamed on YouTube
ORGANIZERS Irene Y. Lo, Michael Ostrovsky, and Parag A. Pathak
NBER conferences are by invitation. All participants are expected to comply with the NBER's Conference Code of Conduct.
Supported by Schmidt Futures
Thursday, May 11
8:30 am Continental Breakfast
9:00 am Opening Talk: Alvin Roth, Stanford University and NBER ("Market Design and Maintenance")
9:30 am Break
9:45 am Electricity and Renewable Energy Market Design
Overview: Mar Reguant, Northwestern University and NBER
Viewpoint 1: Martin Bichler, Technical University of Munich
Viewpoint 2: Richard O’Neill, Federal Energy Regulatory Commission
11:05 am Market Design for the Environment
Overview: Estelle Cantillon, ULB
Viewpoint 1: Rachel Glennerster, University of Chicago and NBER
Viewpoint 2: Nathan Keohane, Environmental Defense Fund
12:25 pm Lunch discussions
2:00 pm Market Design in Healthcare
Overview: Benjamin Handel, University of California at Berkeley and NBER
Viewpoint 1: Mark Miller, Arnold Ventures
Viewpoint 2: Fanyin Zheng, Columbia University
3:20 pm Market Design for Organ Transplantation
Overview: Tayfun Sonmez, Boston College
Viewpoint 1: Nikhil Agarwal, Massachusetts Institute of Technology and NBER
Viewpoint 2: Jennifer Erickson, Organize
4:40 pm Break
5:00 pm Market Design for Education
Overview: Parag Pathak, Massachusetts Institute of Technology and NBER
Viewpoint 1: Derek Neal, University of Chicago and NBER
Viewpoint 2: Irene Lo, Stanford University
6:20 pm Adjourn
6:45 pm Group Dinner - JW Marriott
Friday, May 12
8:00 am Continental Breakfast
8:30 am Market Design for Public Housing
Overview: Nathan Hendren, Harvard University and NBER
Viewpoint 1: Winnie van Dijk, Harvard University and NBER
Viewpoint 2: Mary Cunningham, Urban Institute
9:50 am Market Design in Transportation
Overview: Michael Ostrovsky, Stanford University and NBER
Viewpoint 1: David Shmoys, Cornell University
Viewpoint 2: Wai Yan Leong, Singapore Land Transport Authority
11:10 am Break
11:30 am Market Design in Financial Markets
Overview: Haoxiang Zhu, Massachusetts Institute of Technology and NBER
Viewpoint 1: Eric Budish, University of Chicago and NBER
Viewpoint 2: Scott Mixon, CFTC
12:50 pm
Lunch discussions
2:20 pm Market Design Tools in the Regulation of Online Marketplaces
Overview: Susan Athey, Stanford University and NBER
Viewpoint 1: Preston McAfee, Google
Viewpoint 2: Michael Schwarz, Microsoft
3:40 pm Artificial Intelligence and Market Design
Overview: Kevin Leyton-Brown, University of British Columbia
Viewpoint 1: Hal Varian, Google
Viewpoint 2: Nikhil Devanur, Amazon
5:00 pm Break
5:20 pm Closing Talk: Paul Milgrom, Stanford University
5:50 pm Adjourn
6:30 pm Group Dinner - JW Marriott
Sunday, March 5, 2023
Australia legalizes medical use of psychedelics
Scott Cunningham points out that Australia has become the first country to legalize the medical use of certain psychedelics.
Here's the announcement from the Australian Government's Therapeutic Goods Administration (TGA)
Change to classification of psilocybin and MDMA to enable prescribing by authorised psychiatrists
"From 1 July this year, medicines containing the psychedelic substances psilocybin and MDMA (3,4-methylenedioxy-methamphetamine) can be prescribed by specifically authorised psychiatrists for the treatment of certain mental health conditions.
The Therapeutic Goods Administration (TGA) will permit the prescribing of MDMA for the treatment of post-traumatic stress disorder and psilocybin for treatment-resistant depression. These are the only conditions where there is currently sufficient evidence for potential benefits in certain patients.
Prescribing will be limited to psychiatrists, given their specialised qualifications and expertise to diagnose and treat patients with serious mental health conditions, with therapies that are not yet well established. To prescribe, psychiatrists will need to be approved under the Authorised Prescriber Scheme by the TGA following approval by a human research ethics committee. The Authorised Prescriber Scheme allows prescribing permissions to be granted under strict controls that ensure the safety of patients.
The decision acknowledges the current lack of options for patients with specific treatment-resistant mental illnesses. It means that psilocybin and MDMA can be used therapeutically in a controlled medical setting. However, patients may be vulnerable during psychedelic-assisted psychotherapy, requiring controls to protect these patients.
For these specific uses, psilocybin and MDMA will be listed as Schedule 8 (Controlled Drugs) medicines in the Poisons Standard. For all other uses, they will remain in Schedule 9 (Prohibited Substances) which largely restricts their supply to clinical trials."
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Scott shares a post by Shane Pennington on drugs that contrasts the Australian (medical) decision with the U.S. Drug Enforcement Agency's (legal) decision to maintain the ban on these drugs, despite the growing medical evidence (from U.S. studies, on which the Australian government relied) that psychedelics have some important medical uses.
"To support its decision, the TGA relied heavily on studies conducted in the U.S. and recent U.S. Food and Drug Administration (FDA) decisions recognizing psilocybin and MDMA’s extraordinary therapeutic potential. Around the same time, DEA shot down a petition—based on those same arguments and evidence—that Matt and I submitted on behalf of a palliative-care doctor, requesting rescheduling of psilocybin under U.S. law. The DEA’s four-sentence analysis completely ignored the same studies and FDA decisions that persuaded the Australian regulator to reschedule.
"The dramatically different fates of these similar petitions reveal a troubling reality about U.S. drug law: Under DEA’s watch, the scientific and medical determinations of the nation’s leading public health agency carry considerable weight around the world but are often ignored at home. That revelation should terrify anyone interested in rational, evidence-driven drug policy. "
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But the States are the laboratory of democracy: here's an earlier related post.
Sunday, November 13, 2022
Friday, July 1, 2022
Scott Cunningham's Mixtape Podcast Interview with Alvin Roth
Here's Scott Cunningham's Mixtape Podcast Interview with Alvin Roth... "We discuss Gale and Shapley, Roth and Sotomayor, game theory and more"
You can listen to our conversation at the link above. He drew me out about some things I hadn't thought of in a while, such as my varied relationships with Gale, Shapley and Bob Wilson, and how my ideas about matching markets developed over the course of my career (which started in Operations Research and then morphed into Economics...)
He also reveals the manner in which he was the perfect reader of my 1990 book Two-Sided Matching with Marilda Sotomayor.
His site is multi-media, if you scroll down you'll find a video (the one below in on YouTube), and if you keep scrolling down you'll find an essay he wrote called "Paying it Forward..." which recounts more about what our book meant to him and some of our subsequent interactions over the years. And below that is his Transcript of [our] podcast interview, for those who prefer to read rather than listen or watch.
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Friday, February 16, 2018
Sex work, Craigslist, and the law; podcast with Scott Cunningham
Wednesday, August 30, 2017
The accidental experiment with legal prostitution in Rhode Island
Tuesday, September 14, 2010
Tuesday, November 2, 2021
Venus of Willendorf, on OnlyFans
The NY Times has the story:
OnlyFans May Be a Refuge for Nude Fine Art. The Vienna Tourist Board has joined the adults-only site to display artworks that other social platforms have censored. By Valeriya Safronova
"OnlyFans has a surprising new member: the Vienna Tourist Board.
"No, its account will not feature after-hours photos of employees. Instead, the board will use the adults-only site to show images of paintings and sculptures displayed in the Austrian capital that have been blocked by social media sites for nudity or sexual content.
"The offending artworks include the Venus of Willendorf, a 25,000-year-old limestone figurine of a woman. Facebook removed a photo of it from the Vienna Museum of Natural History’s page several years ago for being “pornographic.”
...
"Vienna is hardly the only city whose art has been censored online. Many artworks, from all over the world, have been incorrectly identified by A.I. as pornography. Facebook has taken down pictures posted by the Museum of Fine Arts in Boston (of Imogen Cunningham’s photographs of nude bodies), the Philadelphia Museum of Art (of a painting by Evelyne Axell in which a woman is licking an ice cream cone) and the Metropolitan Museum of Art in New York (of a 1917 painting of a nude woman by Amedeo Modigliani).
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Here's the Wikipedia page for Venus of Willendorf
Saturday, January 5, 2019
Market design at the ASSA on Saturday
A choice of three at 8am:
Advances in Dynamic Mechanism Design
Saturday, Jan. 5, 2019 8:00 AM - 10:00 AM
- Chair: Vasiliki Skreta, University of Texas-Austin, University College London, and CEPR
Fiscal Rules and Discretion under Limited Enforcement
Social Insurance, Information Revelation, and Lack of Commitment
Full Surplus Extraction in Mechanism Design with Information Disclosure
Discussant(s)
Practical Considerations in Deploying Matching Mechanisms
Saturday, Jan. 5, 2019 8:00 AM - 10:00 AM
- Chair: Alex Rees-Jones, University of Pennsylvania
How Well Do Structural Demand Models Work? Counterfactual Predictions in School Choice
Reducing Congestion in Matching Markets Using Informative Signals
Obvious Mistakes in a Strategically Simple College Admissions Environment: Causes and Consequences
An Experimental Investigation of Preference Misrepresentation in the Residency Match
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Auctions & Mechanism Design
Saturday, Jan. 5, 2019 8:00 AM - 10:00 AM
- Chair: Scott Duke Kominers, Harvard University
Knowing What Matters to Others: Information Selection in Auctions
Crowdsourcing and Optimal Market Design
Mechanism Design with Ambiguous Transfers
Auctions with Entry Versus Entry in Auctions
Discussant(s)
Sex, Drugs, Kidneys and Migrants: Economic Analyses of Contested Transactions
Saturday, Jan. 5, 2019 10:15 AM - 12:15 PM
- Chair: Nicola Lacetera, University of Toronto
Testing for Repugnance in Economic Transactions: Evidence from Guest Work in the Gulf
Paying for Kidneys? A Randomized Survey and Choice Experiment
Federalism, Partial Prohibition, and Cross Border Sales: Evidence from Recreational Marijuana
Crimes against Morality: Unintended Consequences of Criminalizing Sex Work
Craigslist’s Effect on Violence Against Women
Discussant(s)
New Advances in Matching with Contracts
Saturday, Jan. 5, 2019 2:30 PM - 4:30 PM
- Chair: Larry Samuelson, Yale University