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Domain: priceonomics.com
Stories and comments across the archive that link to priceonomics.com.
Stories · 6
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Stack Overflow and the Zeitgeist of Computer Programming (priceonomics.com)
An anonymous reader writes: Stack Overflow remains one of the most widely-used resources in the developer community. Around 400,000 questions are posted there every month. The Priceonomics blog is using statistical analysis to ask, "What does the nature of these questions tell us about the state of programming?" They see tremendous growth in questions about Android Studio, as well as more generic growth in work relating to data analysis and cloud services. Topics on a significant decline include Silverlight, Joomla, Clojure, and Flash (not to mention emacs, for some reason). The article also takes a brief look at the site's megausers, who receive a lot of credit for keeping the signal-to-noise ratio as high as it is, while also taking flack for how the Stack Overflow culture has progressed. "Others are worried about how Stack Overflow has impacted programming fundamentals. Some critics believe that rather than truly struggling with a problem, developers can now just ask Stack Overflow users to solve it for them. The questioner may receive and use an answer with code they do not truly understand; they just know it fixes their problem. This can lead to issues in the long run when adjustments are needed." -
The Correlation Between Arts and Crafts and a Nobel Prize
An anonymous reader writes: The stereotype of the scientist or engineer is that he prefers facts, reason, and objectivity over more artistic pursuits. But the Priceonomics blog points out an interesting correlation: "the more accomplished a scientist is, the more likely they are to have an artistic hobby." It continues, "The average scientist is not statistically more likely than a member of the general public to have an artistic or crafty hobby. But members of the National Academy of Sciences and the Royal Society — elite societies of scientists, membership in which is based on professional accomplishments and discoveries — are 1.7 and 1.9 times more likely to have an artistic or crafty hobby than the average scientist is. And Nobel prize winning scientists are 2.85 times more likely than the average scientist to have an artistic or crafty hobby." Is this more evidence that we in the science and tech fields undervalue art and pure creativity? -
The College Majors Most Likely To Marry Each Other
schnell writes: The blog Priceonomics has published an analysis showing students in which college majors end up marrying another student with that same major. Religious studies (with 21% of students marrying another studying the same field) tops the list among all students, followed by general science. Perhaps unsurprising is that some majors with gender disparities show a high in-major marriage rate among the less represented group — for example, 39% of women engineering majors marry a fellow student in their field, while among men 43% studying nursing and 38% studying elementary education do likewise. The blog concludes that your choice of major may unwittingly decide your choice of spouse, and depending on how well that field is paid, your economic future. -
Taxi Medallion Prices Plummet Under Pressure From Uber
HughPickens.com writes Most major American cities have long used a system to limit the number of operating taxicabs, typically a medallion system: Drivers must own or rent a medallion to operate a taxi, and the city issues a fixed number of them. Now Josh Barro reports at the NYT that in major cities throughout the United States, taxi medallion prices are tumbling as taxis face competition from car-service apps like Uber and Lyft. The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached in the spring of 2013, according to an analysis of sales data. "I'm already at peace with the idea that I'm going to go bankrupt," said Larry Ionescu, who owns 98 Chicago taxi medallions. As recently as April, Boston taxi medallions were selling for $700,000. The last sale, in October, was for $561,000. "Right now Uber has a strong presence here in Boston, and that's having a dramatic impact on the taxi industry and the medallion values," says Donna Blythe-Shaw, a spokeswoman for the Boston Taxi Drivers' Association. "We hear that there's a couple of medallion owners that have offered to sell at 425 and nobody's touched them."
The current structure of the American taxi industry began in New York City when "taxi medallions" were introduced in the 1930s. Taxis were extremely popular in the city, and the government realized they needed to make sure drivers weren't psychopaths luring victims into their cars. So, New York City required cabbies to apply for a taxi medallion license. Given the technology available in the 1930s, It was a reasonable solution to the taxi safety problem, and other cities soon followed suit. But their scarcity has made taxi medallions the best investment in America for years. Where they exist, taxi medallions have outperformed even the Standard & Poor's 500-stock index. In Chicago, their value has doubled since 2009. The medallion stakeholders are many and deep pockets run this market. The system in Chicago and elsewhere is dominated by large investors who rely on brokers to sell medallions, specialty banks to finance them and middle men to manage and lease them to drivers who own nothing at all. Together, they're fighting to protect an asset that was worth about $2.4 billion in Chicago last year. "The medallion owners seem to be of the opinion that they are entitled to indefinite appreciation of their asset," says Corey Owens, Uber's head of global public policy.. "The taxi medallion in the U.S. was the best investment you could have made in the last 30 years. Will it go up forever? No. And if they expected that it would, that was their mistake." -
Can You Buy a License To Speed In California?
Hugh Pickens DOT Com writes: "Alex Mayyasi reports that in the parking lots of Silicon Valley's venture capital firms, expensive cars gleam in the California sun and a closer look reveals that the cars share a mysterious detail: they nearly all have a custom license plate frame that reads, 'Member. 11-99 Foundation.' Are the Bay Area's wealthy all part of some sort of illuminati group that identifies each other by license plate instead of secret handshakes? The answer is the state highway patrol — the men and women that most people interact with only when getting ticketed for speeding. A number of the frames read 'CHP 11-99 Foundation,' which is the full name of a charitable organization that supports California Highway Patrol officers and their families in times of crisis. Donors receive one license plate as part of a $2,500 'Classic' level donation, or two as part of a bronze, silver, or gold level donation of $5,000, $10,000, or $25,000. Rumor has it, according to Mayyasi, that the license plate frames come with a lucrative return on investment. As one member of a Mercedes-Benz owners community wrote online back in 2002: 'I have the ultimate speeding ticket solution. I paid $1800 for a lifetime membership into the 11-99 foundation. My only goal was to get the infamous 'get out of jail' free license plate frame.'
The 11-99 Foundation has sold license plate frames for most of its 32 year existence, and drivers have been aware of the potential benefits since at least the late 1990s. But attention to the issue in 2006-2008 led the foundation to stop giving out the frames. An article in the LA Times asked 'Can Drivers Buy CHP Leniency?' and began by describing a young man zipping around traffic — including a police cruiser — and telling the Times that he believed his 11-99 frames kept him from receiving a ticket. But the decision was almost irrelevant to another thriving market: the production and sale of fake 11-99 license plate frames. But wait — the CHP 11-99 Foundation also gives out membership cards to big donors. 'Unless you have the I.D. in hand when (not if) I stop you,' says one cop, 'no love will be shown.'" -
Why Is Science Behind a Paywall?
An anonymous reader writes "The Priceonomics blog has a post that looks into how so much of our scientific knowledge came to be gated by current publishing models. 'The most famous of these providers is Elsevier. It is a behemoth. Every year it publishes 250,000 articles in 2,000 journals. Its 2012 revenues reached $2.7 billion. Its profits of over $1 billion account for 45% of the Reed Elsevier Group — its parent company which is the 495th largest company in the world in terms of market capitalization. Companies like Elsevier developed in the 1960s and 1970s. They bought academic journals from the non-profits and academic societies that ran them, successfully betting that they could raise prices without losing customers. Today just three publishers, Elsevier, Springer and Wiley, account for roughly 42% of all articles published in the $19 billion plus academic publishing market for science, technology, engineering, and medical topics. University libraries account for 80% of their customers.' The article also explain how moving to open access journals would help, but says it's just one step in a more significant transformation scientific research needs to undergo. It points to the open source software community as a place from which researchers should take their cues."