Thursday, March 11, 2010

Deion Sanders, face and football

Seth Wickersham of ESPN writes about Deion Sanders' influence as a mentor on multiple levels of football, asking whether Deion has anything to gain (especially anything of illicit interest), which has always been a relevant question where Sanders is involved, but I am left wondering whether those he influences have anything to gain. I don't think I want him coaching my boys in football:

A boy fumbles. It's the fourth quarter of a game that Sanders' youth team leads 38-12. So far, it's been a good afternoon, with Deion cajoling his players, hugging them after big plays, giving them hope. But then Shedeur, Sanders' youngest son, coughs it up on a sweep. As the boy walks to the sideline, Sanders gets in his face. "I give you the ball, and you fumble?" he says. He crouches to make eye contact, then explodes backward in disgust. "Are you crying? You're crying!"

Sanders doesn't coach criers. Cry on the field, you cry in life, he believes. Shedeur tries to walk away, but his father grabs him and pulls off his helmet. Face the crowd, he insists, so everyone sees those wet cheeks. The boy is humiliated, his teammates are scared, and other parents nervously watch. Is this discipline and structure, in the form of tough love? Or is this a well-intentioned coach with poor methods?

Sanders looks at his son and shakes his head. "Go back to your mama."

The boy walks off, leaving everyone to wonder.

Tuesday, March 09, 2010

The marginal utility of sin

Garett Jones, macroeconomist at George Mason University, has an interesting Twitter feed (follow him @GarettJones) where he poses macroeconomic questions, which are frankly often difficult enough, within the 140-character limits of Twitter. This usually results in a sort of riddle and, like most riddles, thinking through his riddle is often more important than simply knowing the answer.

Yesterday he posted an interesting remark:
Some pundits are like preachers, telling the faithful to avoid all sin. Good advice as long as benefits of sin equal zero.

I don't know too much about pundits, but I know a few things about preachers and sin and I think this statement is fascinating. Indeed, I think it captures well what is so hard to grasp about religion and the religious faithful (or unfaithful), but to understand this it may be useful to step into economic theory.

I think Mr Jones' comments regarding sin are a matter of marginal utility. Marginal utility is simply the benefit (or loss) resulting from a change in production, but that definition may not make much sense on the surface. It's more important to understand what marginal utility tells us--whether we should produce more or less of a product.

To put this in concrete terms, if you are buying an LCD TV (a purchase of $1,000 to $2,000 for most people) then you will do some research. You may spend 5 or 6 hours online or in showrooms or watching friends' TVs to get an idea what you need or want to purchase. Then you may spend another 1 or 2 hours driving to different shops to find the best price. Then you may spend another 1 or 2 hours online trying to save another $10 or $20 off the price. But at some point you will quit researching because even if you save another $1, you've decided it just isn't worth your time.

That's marginal utility. You're making a decision regarding production (TV research) based on the marginal utility (+$20/hour decreasing to +$1/hour in my example.) When marginal utility = $0, you know to stop production (or stop wasting your time); that's how it works, more or less.

So what has this got to do with religion and sin?
Some pundits are like preachers, telling the faithful to avoid all sin. Good advice as long as benefits of sin equal zero.
What are the benefits of sin? Well, to the consumer (or the faithful, in this case), there is a calculation of marginal utility (marginal cost of being faithful?) whereby the faithful consumer decides whether the production of abstinence or the production of indulgence produces more utility. If abstinence results in +$0 utility and sin results in +$5 utility, choose sin (you've had your fair share of avoiding sin, since utility is $0, so go ahead and grab some more sin, which seems to still profit you.)

I think that's a fair model for the way most of the faithful (or unfaithful) consumers of religion think. Certainly, if any of the faithful consider avoidance of sin to always produce a benefit of +$0, these may think of the production of sin as their primary concern until it has +$0 utility. At that point should they consider avoidance of sin to be worthwhile.

Of course, thinking this way seems to neglect the benefits (utility) of avoiding sin and I think any good preacher should tell you there are many. But I guess that's a difference between the role of the economist and preacher. The economist tweets to describe what the model is (positive economics, what's actually happening) while the preacher tweets to tell you what the model should be (normative economics, what should be happening.)

Monday, March 08, 2010

As I get older, for some reason I find news reporting more fascinating

It's not the news I like, however, as the news bores me as much as ever. It's the reporting that fascinates me. For example, take this recent story: Chile quake may have tipped Earth's axis.

Below the header is that this change in the Earth's Axis may have shortened the length of the day. Interest, to say the least, this seems. This is how the story starts:

(CNN) -- The massive earthquake that struck Chile on Saturday may have shifted Earth's axis and created shorter days, scientists at NASA say.

and this is the second sentence (which I've abruptly ended, for your sake):

The change is negligible, but permanent

Roughly 275 words follow, but why? If this change is truly negligible, which is to say so small or unimportant as to be not worth considering or insignificant then can't we just stop at that sentence? Or not write the story at all?

Thursday, February 04, 2010

Are some losses gains?

Probably so, but probably not when Mississippi votes to take a bath and sell the State-owned executive jet used to transport Governor Haley Barbour. I'm not necessarily in favor of state executives having executive jet transport, but does it seem a little short-sighted to take a $800,000 loss selling a jet when you only owe $400,000 on it?

With the current jet market, I'm not convinced this would sell for even $2.5m. Consider this: if Mississippi can sell now to gain $2m or keep it five more years and sell for $4m, which is a better choice? (Obviously this is a conjecture and neither alternative is guaranteed; also, I'm not necessarily against private transport for state executives either, and it seems to make sense for Mississippi recently.)

On the eBook industry, Kindle and iPad

An interesting review by Steven Pearlstein of the Washington Post, with much of the focus appropriately on the Kindle's initiation and adaptation in this industry, but at least one comment makes me scratch my head:

Although Bezos & Co. were not pleased by the weekend's developments, they were hardly surprised. Amazon had already anticipated Apple's entry into the market by inviting software companies to begin developing applications for the Kindle that would allow it to compete directly with the more multifunctional iPad, particularly in the area of video games.

I'm no Kindle expert, but I've used one or two and wonder how, exactly, does Jeff Bezos expect Kindle users to play video games on the Kindle and which games exactly are we talking about?

Monday, February 01, 2010

On the iPad and mothers

Not that all mothers are "inferior" users, but users like the writer's mother put a face on the many, many users who may find the iPad an enlightening interface.

Thoughts on the iPad "no flash" dilemma.

I agree, it's not such a dilemma after all

The reality is this: users determine the market in all markets except those in which there is only one producer. Adobe is not a sole producer. If users choose the iPad, Adobe will adapt or be replaced by another producer.