A simple idea: take an ordinary savings account, but instead of paying interest to account holders, hold a lottery to see who gets the lump sum. Freakonomics Radio investigates Prize-linked savings (PLS) accounts (Part 1
, Part 2
), which combine two things that seem completely at odds with each other: saving money and gambling. In Highland Park, MI, PLS accounts have been very successful
at converting "non-savers" into "savers". Why hasn't it caught on in the US? It's illegal in most states, of course.
posted by Jonathan Harford
on Dec 2, 2010 -
Hatred and Profits: Getting Under the Hood of the Ku Klux Klan
(50 page pdf).
, of freakonomics fame, along with Roland Fryer
, has just released a new academic paper that assesses the rise and fall of the KKK from a variety of perspectives.
From one of the authors ...It details the rise and fall of the Klan in the 1920s. Incredibly, the Klan had millions of members at that time, and most of them were reasonably well-educated. Based on a variety of data sources, we argue that, despite its size and education levels, the group nevertheless had little measurable impact on society or politics...
posted by jourman2
on Sep 18, 2007 -