Freakonomics:
Our latest Freakonomics Radio podcast is called “Would You Let a Coin Toss Decide Your Future?” ...
In it, Stephen Dubner grills Steve Levitt about a new project called Freakonomics Experiments. (Levitt blogged about it here and stopped by Marketplace last week.) The basic idea is to learn more about how people make decisions, especially when they’re on the margin. ...
You’ll also hear about ... why this whole idea isn’t quite as ridiculous as it sounds.
Yes, the idea is definitely less ridiculous than trying to understand people's behavior in hypothetical, policy relevant situations.
Update: I haven't splurged on that expensive meal yet.
