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10 Weekend Reads

The Big Picture

Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • How New York and California Botched Marijuana Legalization : Steep taxes and heavy regulation are making it hard for licensed pot sellers to operate in some states, driving more producers and buyers to illegal outlets.

Math 268
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The Big But

The Better Letter

If he had a pilot’s license, we’d suspend that. Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app TRIGGER WARNING: I’m going to do some sports math nerding-out this week. But he doesn’t.”

Numbers 90
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Transcript: John Hope Bryant

The Big Picture

BRYANT: So money, unlike math, money is highly emotional. And so I remember Quincy told me, if you think you’re in the music business, and you don’t own music rights, publishing rights, licensing rights. I mean, there’s 50,000 kids in the Atlanta public school system, so you can do the math there.

Banking 141
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Transcript: Gretchen Morgenson

The Big Picture

Talk to people who try and get licensed to do insurance things, or if there’s a failure to pay out a policy in the litigation that follows. MORGENSON: It stopped outperforming in like the mid-2000s or towards 2008. MORGENSON: Well, I’m very interested to hear you say it’s very robust on the state side.

Insurance 141
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Transcript: Cass Sunstein

The Big Picture

And then people will feel licensed to say what they had shut up about. But we know, and this is what at least I wasn’t sufficiently alert to in 2008, that self-interested or malevolent types can use behavioral biases to manipulate people. Okay, and they are designed to help people deal with their cognitive limits.

Economics 245