textbook pricing scams

Freakonomics readers get a lesson in price discrimination (or bad customer service): Interestingly, as I gave a lecture on “Price Discrimination”, using an example of the demand for textbooks (relatively inelastic) vs. novels (relatively elastic), the students pointed out that in our campus textbook store, “Freakonomics” is on sale at the regular price in the …

The Secret Life of Dr. Chandra

The CBC’s The National ran an exposé on Dr. Ranjit Kumar Chandra. It turns out he’s been faking his research data for 20 years: Chandra claimed to have given 96 healthy seniors from St. John’s a daily multivitamin pill for a year. He then tested their memory for improvements. But the test results didn’t make …

tim redmond loses it

the san francisco bay guardian‘s editor, tim redmond, has been drinking something funny lately, resulting in him ranting against craigslist: The problem with that is simple: When Craig comes to town (and he’s coming to just about every town in the nation soon), the existing community institutions – say, the locally owned weekly newspaper – …

when your warranty expires

Ssomeone called me last week and asked what do about his 16-month-old monitor that had just died. He had already shown it to a dealer, and the dealer told him there would be a $500 minimum charge. Since monitors aren’t something you can easily troubleshoot or repair, i started think about ways to avoid paying …