Things I like

• The rotisserie chickens from Costco. I dread my monthly or bi-monthly visits to Costco because of the human crush and the four trips I have to make back and forth to my garage to carry all the giant-sized items to my apartment (it's a long walk), but one reward is the juicy $5.99 rotisserie chicken. It's not hard to roast a chicken at home, and you'll get a crispier skin and more control over the flavor, but it won't be as cheap or convenient. It's often perverse economics when unhealthy food is cheaper than preparing a meal from fresh ingredients, but in this case we're just talking about a chicken.
• Hang Up and Listen​. I started listening to podcasts on my commute about a half year ago, and the one I find myself queuing up the quickest as soon as it drops into Downcast on my iPhone. As a modern information omnivore, I'm very impatient at sluggish information delivery rates, and often I find myself skipping or speeding up podcasts that have too much dead space. Stefan Fatsis, Josh Levin, and Mike Pesca have the information and idea flow set just right for me, and the fact that they bring a bit of a geeky outsider's perspective to sports (often contrarian) may make it appealing even to non-sports-buffs.
• ​Electronic gear shifting for bikes​. The default reaction among cycling purists is to turn their nose up at electronic gear shifting. My last road bike was purchased in 1999, but when I went shopping to build a new road bike I found not a lot had changed. The one very noticeable change was the development of electronic gear shifting. Shimano and Campagnolo both have their own solutions now, though Shimano led the way and had a long head start into market. I ride the Campy system now, and I can't see going back to mechanical shifting. Perfect shifts every time, faster shifts, and the ability to shift under higher torque are great. You can't go wrong with Shimano or Campy's systems, I've ridden both. I chose Campy because the hoods fit my hands better, I like the longer travel of the shifting levers, and you can hold down the shifting lever to shift multiple gears in sequence.
• Boa closure system. Along the lines of advances in bike technology, I recently upgraded my snowboard and boots, also over 10 years old (outside of my computing technology, primarily my phone and my laptop, I don't like to upgrade my stuff too frequently). Snowboards have new shapes now which are nice, but the technology which has changed my life the most is the Boa closure system, employed on both my new snowboard boots and my new bike shoes. The Boa system consists of a wire that is run through the shoe and that can be tightened with one hand using a circular reel. It tends to distribute the pressure more evenly through the shoe, eliminating pressure points, and it doesn't loosen on its own during your day on your board or bike. Someone should win some prize for inventing this. Can we get Boa closures for my jeans, too?
• ​NBA.com's new Stats section. You can find all sorts of new statistics available on NBA.com/stats​. Finally, we can see statistics adjusted for pace, shooting zone data, and a lot more. It's a treasure trove I haven't had time to fully explore. A few tidbits: look at Kevin Durant's amazing shooting chart and you'll understand what a smart offensive player he is. His shot volume distribution shows he really knows his own most efficient and valuable shooting locations on the floor. Rajon Rondo led the league, before he went down, in AST, or the number of passes per game that led directly to a basket by a teammate. Top player on that list who isn't a point guard? Lebron. After baseball, no sport has had a statistical renaissance quite like basketball, and this is another step to mainstreaming the vocabulary. If you're a basketball numbers geek, you can kill lots of time there.

The value of the internet, quantified

Measuring the economic impact of all the ways the internet has changed people’s lives is devilishly difficult because so much of it has no price. It is easier to quantify the losses Wikipedia has inflicted on encyclopedia publishers than the benefits it has generated for users like Ms Mollica. This problem is an old one in economics. GDP measures monetary transactions, not welfare. Consider someone who would pay $50 for the latest Harry Potter novel but only has to pay $20. The $30 difference represents a non-monetary benefit called “consumer surplus”. The amount of internet activity that actually shows up in GDP—Google’s ad sales, for example—significantly understates its contribution to welfare by excluding the consumer surplus that accrues to Google’s users. The hard question to answer is by how much.

The headline grabbing figure from this article on measuring the value of the Internet is $2,600. That's the consumer surplus per user per year of the Internet as measured by two researchers at MIT who looked at how much time the average American spent online and assumed that consumers valued that time online more than their alternatives.

​Does that figure sound right? I guess the easiest way to assess that is to ask yourself if you'd pay $2,600 a year for the Internet or not. That sounds like a lot of money, but I reluctantly concede that I probably would.

Maybe it could be included in Amazon Prime?​

The simulator

I think we all have a little built-in simulator in which we run miniature copies of all the people in our lives. These are the brain equivalents to computer games like The Sims. When you get to know someone, you put a copy of them in the simulator. This allows you to model their behavior, and thus to attempt to predict it. The simulator lets us guess which of our fellow humans is likely to be trustworthy, which ones might mate with us, which ones might beat us to a pulp if they get the chance.

That's Cory Doctorow on where fictional characters come from.

This, I think, is what happens when you write. You and your simulator collaborate to create your imaginary people. You start by telling your simulator that there’s a guy named Bob who’s on the run from the law, and the simulator dutifully creates a stick figure with a sign called ‘‘Bob’’ over his head and worried look on his face. You fill in the details as you write, dropping hints to your simulator about Bob, and so Bob gets more and more fleshed out. But the simulator isn’t just adding in the details you tell it about: it’s guessing about the details you haven’t yet supplied, so that when you go back to your imagination and ask it about Bob’s particulars, some of those answers come from the simulator – it’s a kind of prejudice that affects imaginary people, a magic trick where your conscious and subconscious minds vie to fool each other with compounded lies about fake people, each building on the last in a feedback loop that runs faster and faster as you go.

That’s why your characters eventually ‘‘come to life.’’ Eventually, your characters’ details contain so much data gleaned from things the simulator ‘‘knows’’ – because it has supplied them, after guessing about them – that they come to seem real to you, and to it (which is the same thing).

Purple Pricing

It shouldn't be surprising, perhaps, that one of the more innovative sports ticket pricing schemes to be put into practice comes out of Northwestern University, not traditionally a sports powerhouse. ​Last month, they launched Purple Pricing for select men's basketball games for the rest of this season.

Essentially, Purple Pricing is a form of Dutch Auction​, in which the prices of the item being sold are lowered until you hit the price at which all the items can be sold at that price. Then everyone who has bid above that price pays the lower price, the same as everyone else. The incentive, in the case of Northwestern men's basketball tickets, is to find that price at which they can sell out the game and also to capture some revenue back from the secondary market, from companies like Stubhub.

For the buyer, as soon as the price reaches one you're willing to pay, there's not reason to wait. The price can only go lower from there, it will never rise.​

Purple Pricing is a joint effort between the Northwestern athletic department and economists Jeff Ely and Sandeep Baliga. The experiment will provide Northwestern with a ton of data to maximize revenue.

Theirs is not a perfect Dutch Auction, however, as there is an artificial price floor. Northwestern will not let the Dutch Auction prices fall below the price that season ticket holders paid. In the future, they could do away with season tickets altogether and use Dutch Auctions to price every game.

The first two games Northwestern tried this with offered a good divergence in demand to test out the system: a desirable game against #16 ranked Ohio State, and a much less desirable game against Penn State. The attendance against Ohio State was 7,036, while against Penn State it was just 5,517. It would have been interesting to see where the price would have landed for the Penn State game had there been no price floor in effect.

Alas, Northwestern lost both games. Some problems can't be so easily solved with economics.​