The Best of Freakonomics with with Steven Levitt and Stephen Dubner

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The Best of Freakonomics with Steven Levitt and Stephen Dubner, moderated by Faith Salie.
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[@saberwork]

The comment about golf being a rare sport where every shot is an opportunity to find greatness is spot on. There are usually 2 or 3 shots in any round of golf that make the practice and expense worthwhile. Well said!

[@misj8856]

Such great guys!! Great minds!!! Intresting, anew, funny, inspirational. So epic Mr. Levitt also mentions Family Feud and Steve Harvey.

[@rubensverstappen3458]

These two are hilarious! Am a fan 😂

[@steveperreira5850]

One is hilarious and one not so much. Both of them are very talented.

[@nancykraus5127]

Read the book years ago and listen to Freakenomics podcast. Loved finding this interview.

[@lisachubrilo]

I loved freakonomics..interesting talk💚💛

[@sherozkayani6569]

American authors are always interesting! Can you recommend some more good books?

[@Silvertestrun]

Ty

[@totafea8]

Lo vi completo/i saw the whole thing!!! Pretty good conversation

[@electrostatic1]

I want to know what he said out loud over the phone on the train.

[@thedelta88]

lol when he said he throws away nickels too my eyes got wide thinking of all those nickels in the trash.

[@steveperreira5850]

He’s an idiot for throwing them away, he should give them away to people who have the time to count them up. It’s not in him to think that way. He’s of a privileged class and it reeks through the whole interview.

[@kazihassan3836]

you know the moderator was bad at first but she got better towards the end.

[@glennbald7650]

The reason kfc run out of chicken is it takes longer to prepare and cook than mcd. So you need to predict demand. Get it wrong and there is delay.

[@Esse2420]

It's because it's usually run by a bunch of teenagers. Source: I worked there for two years in my youth

[@JeffreyRust]

What is their blog link and podcast link ?

[@fredhampton321]

They're on Spotify

[@Prakriti2041]

7:55 reminds me that this morning my kindergartner asked me a lot of questions about the lines in parking lots. why they where there? why do people need lines to park nicely? why wont people park straight with out lines? why are the lines white? BUT, at this other place the lines are yellow. then the smartest question (at least i think so) Can we take the lines away and see if people park good? presumably since the lines have been there for a while and these people are educators, taking the lines out of the parking lot wouldn't have any effect on how they are parking. It would be similar to taking away training wheels. They would still park in neat little rows. Or would they? My best guess is they wouldn't. I have seen parking lots with out the lines to mark the parking spots, and even tho most of use park every day, in those places parking is chaotic.

[@theloniouscoltrane3778]

2020 Are they partners? Nice!

[@djd829]

My guess is that the chicken takes a long time to be prepared, so it is scarce and can't be made on demand. It probably works out on their bottom line for them to turn away a customer's dollar(maybe even at the risk of losing the customer permanently) and have no leftover waste, than it is to sell "most" of it, but have leftover waste. You can play with some theoretical numbers to see why. If it costs them 80 cents per chicken, and each piece of chicken is sold for $1.00, then they make 20 cents profit per piece. Let's say they stand to sell 1000 pieces of chicken in a day. So they are looking at a profit of *$200* if they sell it all. If they sell all of their chicken and run out, and customers try to buy 100 more pieces of chicken, they miss out on 100 sales opportunities, and they are missing an additional $20 in profit(could have been $220). Comparatively, lets say they made that extra 100 chicken and nobody bought it. If they close up shop and they have 100 pieces of leftover chicken, they are at an $80 loss. $1.00 * 1000 chickens bought = $1000 in revenue, $0.80 x 1100 chickens cooked = $880 in cost, profits are now only *$120*. I'm not sure what their actual numbers are, but you can see in this case that increasing the chicken supply by only 10% can lead to a 40% reduction in profits for the day. I'll take the pissed off customer, thanks!

[@robg8203]

Where do they do all these experiments and why aren’t i ever asked to participate?

[@michaelkelly2688]

Kfc ran out of chicken contrywide last year all over Britain. They laid off all their delivery drivers, and used a cheaper trucking out fit. Said out fit built a huge freezer warehouse, so the whole freezer plant went pear shaped the first couple of weeks in. But hey overall it's cheaper!

[@brooksbutler5581]

The moderator was good here. Cool girl.

[@ctrlshiftn2132]

I agree. She left no room for awkward moments and seemed 100% interested in every answer. A great skill that most people lack.

[@user-du8uc9md5x]

Skoorb Reltub Absolutely! First idea that came to mind after watching was "that lady is almost as good interviewer as Stephen Dubner".

[@mikeflores5929]

I totally agree.

[@Veggamattic]

She reminds me of Ali Wentworth.

[@andybaldman]

Faith Salie. Harvard grad, author, and Rhodes Scholar.

[@ClickingHeads]

8:40 yo you predicted the Tesla stock price. All done

[@Ciaran-pn4nc]

Does Dubner live in New York

[@sRetailStoreMusic]

43:00 Jesus he predicted how terrible NYC is right now

[@DRienecker]

I want to know the name of that small Alaskan town.

[@MrTjnielsen81]

Best description of golf ever

[@DharmendraRaiMindMap]

Dubner looks like Vidhu Chopra

[@calarath504]

I can"t unsee the woman's forehead wrinkles.

[@dbrown6941]

You must be female. Men are looking at her legs.

[@joltofjulia1322]

The penny is the new puka shell.

[@slappy420usa]

the pay gap between the sexes only exists if you cherry pick the data that supports the idea of a pay gap. Other factors are at play in earnings than those involved in wage or salary. If i subscribe to the notion my only benefit of working is the wage I earn I am neglecting the benefits that a job provides. Just in healthcare costs alone , the medical insurance provided at reduced costs through an employer I am saving and thus earning much more than my basic wage. Now extrapolate this to the fact women go to the doctor more often than men. Now consider paid vacations, and paid leave of absence. Women utilize their maternity leave far more often than men, not because its unavailable to men, but because men are often driven to work more when they have a new child, while women are not only less able to but less driven to work more out of maternal instinct for their new baby. Compound these differences with the understanding men work overtime far more often than women, and it comes into focus that if anything women profit more from gainful employment in terms of quality of life and expendable income, which are the real values a job brings to the table versus the individual pay rate, which only confers a portion of the actual benefit being employed provides.

[@jeffreysuzuki3065]

The moderator is great.

[@JUANRIVERA-zb9xq]

it English level goes out my range, :(

[@Manoj17Patankar]

haha! keep listening to such stuff man, you're obviously in the right place if you want to improve on it :) also, no better substitute to the good old dictionary if you don't fully understand some words.

[@totafea8]

@@Manoj17Patankar ya i dont mind "wasting" 1 hour on this video lol so good topics

[@andrewandrew599]

10:21 That forehead.

[@mehuntpedbro2302]

andrewandrew599 im fucking dying

[@juliaportillo5485]

Poor thing...😔

[@b4u334]

Rich people get good service because they have the ability to sue and they are used to a level of service. If they are not being treated a certain way, they have the purchasing power to go elsewhere.

[@ctakitimu]

Nope, the US is one of the few places that sue everyone for anything and the average minimum wage earner doesn't care if you go somewhere else. Its not about tips either as again, that's only a US thing

[@JeffreyRust]

You think about golf day and night? Your going to write about it ! What about your wife and/or family ? Write a book about them.

[@mattparadise3410]

All these years and I actually thought these guys were smart until watching this.

[@brianhart8397]

Am I the only one that is annoyed by Dubner mostly turning to face the audience with his answers a d not the interviewer? Seems like a violation of a social norm...or interviewee norm. I guess part of his his/their success is thinking and acting differently...

[@Feedfront]

This guys talks incoherent, uses too many but

[@andybaldman]

*I don't get these guys. I read the book, and my take away was that they renamed 'statistics' into 'freakonomics'. Basically a way to get non-technical people to understand statistical thinking. Not very interesting if you're already a technical person. This is fast-food science writing.*

[@paul-filipilasca1632]

Yeah, but they do focus on some common things that even technical people don't have the incentive to treat technically

[@frankgonzalezofficial3010]

Jews?

[@johnsmitherino4913]

18 minutes in and I am bored and put off by their mannerisms. That's all for me.

[@johnsmitherino4913]

Nevermind, it's actually at the 18 minute mark that the conversation gets going.