The empirical conclusion from this analysis is important. A little prayer does no good and may make things worse. Much prayer helps a lot.
If Jim Heckman says that, it’s gotta be true.
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The Phelps Games
And he did it: 8 Golds, with 7 World Records. Ave Michael, morituri te salutant!
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Interesting article (via Tyler Cowen, on MR) on the economics of the late Alexander Solzhenitsyn, by C. Bohanon (written a while ago). The recent obituary for him in The Economist seems to openly ignore some of the conclusions emerging from Bohanon’s analysis…
Quantifying artistic value
This is about a very interesting, though quite controversial at the same time, project of David Galenson, economic historian at the University of Chicago: quantifying 20th century artwork based on market and visual citations.
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