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    3
    Oct
    2012
    7:24am, EDT

    Women think differently -- even in the 'dismal science'

    By Allison Linn, TODAY

    Economics is becoming less of a man's world, and new research implies that as more women enter the profession that could lead to changes in economic policy.

    "Without a doubt it will change policy," said Ann Mari May, an economics professor at University of Nebraska in Lincoln and one of the study's authors.

    May and her co-authors surveyed hundreds of members of the American Economic Association for the study, which is due to be released in an upcoming issue of the journal Contemporary Economic Policy.

    What they found was surprising: Despite similar training and background in economic principles, male and female economists tended to hold sharply different views about some of the biggest and most hotly debated economic issues.

    For example, female economists were more likely to say employers should provide health insurance and that income distribution should be more equal. They also were more likely to disagree with the use of educational vouchers.

    Women also were far more likely to conclude that job opportunities for men and women are not equal, and that specifically the economic profession favors men over women.

     “We were a little surprised to see that there were these striking differences,” May said.

     

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    The findings were especially interesting to May and her colleagues because they had taken great pains to ensure that they were surveying mainstream economists, whose views might be considered more closely aligned.

    They also come as more women are pursuing the "dismal science" as a profession. Women earned 34.5 percent of new doctorates in economics in 2010, up from 27 percent in 2000, according to the researchers.

    The research for the paper was conducted in late 2008 but took several years to compile and prepare for publication.

    May thinks that as more women enter the field their voices will start to be heard when politicians and others craft economic policies. A more diverse group of expert opinions could lead to more rigorous debate and, perhaps, different ways of thinking about the nation’s major economic challenges.

    If nothing else, she noted, the study should raise the awareness that all economists don’t think alike.

    “It’s just sort of a snapshot that allows us to consider the diversity of the profession and how we sort of shortchange ourselves when we use phases like ‘all economists think this.’”  

    Tip of the hat to USA Today, which earlier reported on this research.

    218 comments

    Without trying to assert a stereotype, my experience in speaking with women in general tells me that women are less likely to rely on zero sum thinking than men and therefore it only makes sense that their approach to economic modeling would also incorporate more cooperation than competition...somet …

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  • 21
    Jul
    2011
    3:47pm, EDT

    Transcript: John Schoen takes your questions about the debt ceiling debate

    On Thursday, msnbc.com Senior Producer John Schoen took your questions on the debt ceiling impasse going on in D.C. A sample question, followed by the full transcript, is below.

    Carrie: If they don't cut a deal, would it raise credit card rates?

    John Schoen: Yes, though it’s not clear just how much rates would go up. Investors would want a higher return to buy US debt because it would be riskier to hold. Those higher rates raise the cost of all forms of borrowing, including credit cards, mortgages car loans etc.

     

     

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  • 16
    Sep
    2010
    10:44am, EDT

    'Freakonomics' authors test theory with new movie

    How much would you pay to see a new movie?

    We make that decision all the time. Pay $10 to see it at the theater? Pay $5 to see it on-demand? Pay $1 a night when the DVD comes to Redbox?

    Now that question will be put to a real-life test for next week’s advance screenings of “Freakonomics: the Movie,” based on the best-selling 2005 book.

    The “sneak preview” screenings in 10 cities Wednesday will be offered on a pay-what-you-want basis, with tickets being offered at 40 different price points, from a penny all the way up to $100.

    To buy a ticket, you first have to complete a survey on how much you intend to pay. The anonymous data will be analyzed by “Freakonomics” authors Stephen Dubner and Steven Levitt “to identify what factors and circumstances prompt movie-goers to pay more or less for their screening tickets.”

    The gambit is a variation on pay-what-you-want music published by bands like Radiohead, or the honor-system bagel service that served as an introductory lesson in economic behavior in "Freakonomics."

    In the case of the movie, it seems unlikely that many viewers will choose to pay the full retail price for a ticket, much less $100. It’s a classic case of asymmetrical information: With no reviews or even word of mouth available, there is no way to guess whether this movie will be any good. That is one reason sneak preview tickets often are given away for free.

    But the little experiment could help build buzz for the film, which opens nationwide Oct. 1. And in a media-saturated world, that’s priceless.

    51 comments

    i cant stand the movie theatre, so i would pay nothing. the temps are too cold, the volume way too loud. and 10 bucks, when i can wait a few months and either catch it for a dollar at red box, or from netflicks but i dont care enough to wanto to spend any more than bare minimum to watch a movie and …

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