Zeckhauser Wins Bridge Championship Title
Do you know anything about bridge? We don’t either. Apparently one of our authors does, however. Richard J. Zeckhauser, coauthor of Targeting in Social Programs: Avoiding Bad Bets, Removing Bad Apples, was mentioned in a recent New York Times article for a seemingly risky move during the Spring North American Championship bridge games. Zeckhauser and his partner, Mildred Breed, entered the last round as underdogs, but because of Zeckhauser’s unconventional move, the team won The Rockwell Mixed Pairs title.
Zeckhauser made a good bet during the bridge game. In their book, Zeckhauser and his coauthor Peter H. Schuck show how to identify bad bets in social programs. They tackle such vexing policy dilemmas as: Who should be first in line for kidney transplants—the relatively healthy or the severely ill? According to the book, many policy failures occur when officials allocate scarce resources to two groups of bad draws: "bad bets," who will derive substantially less benefit from the resources than would other bad draws, and "bad apples," whose behavior in the program imposes significant costs on other recipients. The authors show how to avoid bad bets and bad apples, and how to treat them in ways that promote the greater public good.
-Read “An Upset in the Vanderbilts and a Title in the Mixed Pairs” at NYT.com.




Beckham in America: A New Era for Major League Soccer
Soccer superstar David Beckham’s U.S. debut is expected to spark a dramatic increase in the popularity of the U.S. soccer scene, driving up team franchise expansion fees by at least $20 million, says author Zimbalist.
- Read “Beckham's arrival rings in new era for soccer in U.S.” on latimes.com.
- Learn more about National Pastime.
(Photo of David Beckham courtesy of the LA Galaxy)
Posted by Brookings Press on July 20, 2007 in Business, Commentary, Economics, Sports | Permalink | Comments (0) | TrackBack (0)