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Cupcake Economics 2
This is Part 2 continuing on the cupcake factory business analysis. This part shows how to fill out the spreadsheet with the investment figures.   

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Language and Speech: Broca's and Wernicke's Areas
The left hemisphere is dominant in this module on language and the brain. Relationships between specific brain areas and verbal processing are shown through the historic example of Dr. Paul Broca’s brain-injury patient. The patient’s preserved brain is subjected to CAT scan analysis, which shows correspondence between the damaged area and the patient’s documented d
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Can We Believe Our Eyes
Why is it that students can graduate from MIT and Harvard, yet not know how to solve a simple third-grade problem in science: lighting a light bulb with a battery and wire? Beginning with this startling fact, this program systematically explores many of the assumptions that we hold about learning to show that education is based on a series of myths. Through the example o
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Workshop 6: Force Against Force
Magnets stick to other magnets and to metal objects made of iron or steel. How much force is required to break the attraction between two magnets? In this workshop, fourth-grade students explore ways to balance the force of magnetism against the force of gravity. A magnet placed in a cup on one side of a pan-balance is stuck to a stationary magnet beneath the cup. When e
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The Election in Numbers - Roger Mortimer, MORI
Dr Roger Mortimore is Director of Political Analysis at Ipsos MORI. He was co-editor of the last two Political Communications studies of British general elections, and co-author of a number of other books on British elections. Here he discusses statistics and polls undertaken throughout this years general election, including how the exit poll managed to predict the result so accurately. To see the slides from this presentation visit http://cutoday.wordpress.com/2010/05/14/election-results-just-
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The global food crisis: How can we free the hungry billions?
The international community is facing the most pressing humanitarian and development challenges in global history which include the fate of an estimated one billion people who exist on less than $1.25 per day. Such challenges require all development actors to embrace a spirit of innovation and renewal and to think again about their approaches to human development. There is widespread support for overseas development assistance amongst the Australian public with some recent surveys suggesting tha
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Nicholas Stern, London School of Economics: "The Economics of Climate Change: Risk, Ethics, and a Gl
The science of climate change structures the economics: risk of major damage and a global response must be at the core of an analysis of policy. History and wealth structure the ethics. The economics of climate change must, therefore, point to effective, efficient, and ethical, as well as collaborative, policy responses. This lecture will follow this analysis and describe a possible global deal or framework and how it might be built. Lord Stern is I.G. Patel Professor of Economics and Governmen
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Nicholas Stern, London School of Economics: "The Economics of Climate Change: Risk, Ethics, and a Gl
The science of climate change structures the economics: risk of major damage and a global response must be at the core of an analysis of policy. History and wealth structure the ethics. The economics of climate change must, therefore, point to effective, efficient, and ethical, as well as collaborative, policy responses. This lecture will follow this analysis and describe a possible global deal or framework and how it might be built. Lord Stern is I.G. Patel Professor of Economics and Governmen
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John Haldon, Princeton University: History, Remote Sensing, and GIS - The Avkat Survey Project
This talk introduces briefly the Avkat Archaeological Survey, a collaborative research project in north-central Anatolia which seeks to integrate a number of different approaches to studying the past, using recent technological advances to integrate disparate datasets into a cohesive framework of analysis. From the 1980s, there has been continued development of methodologies of archaeological field survey, as well as remote sensing techniques ranging from ground-penetrating radar to airborne rad
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Julie Shackford, Princeton University: The Sporting Edge - IT Tools for Winning Soccer
Lunch 'n Learn presentation: Soccer coach Julie Shackford and assistant Scott Champ discuss Dartfish and other technologies that they are using from the scouting process to post-game analysis. More info: http://blogs.princeton.edu/itsacademic/2008/04/the_sporting_edge_it_tools_for_winning_soccer.html
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Sam Wang: The Princeton Election Consortium - A First Draft of Electoral History - February 11, 2009
Lunch 'n Learn presentation: How we experience political races is dominated by opinion polls. Polling data can be confusing because of their sheer number. In 2008, hundreds of polls were released during the Presidential campaign. Is there a way to cut through the resulting noise? Four years ago Dr. Wang devised a statistical approach to analyze state polls to get a single, easy-to-understand snapshot of the race, viewed from the point of view of the Electoral College. In 2008, this approach mad
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Sam Wang: The Princeton Election Consortium - A First Draft of Electoral History PDF - February 11,
Lunch 'n Learn presentation: How we experience political races is dominated by opinion polls. Polling data can be confusing because of their sheer number. In 2008, hundreds of polls were released during the Presidential campaign. Is there a way to cut through the resulting noise? Four years ago Dr. Wang devised a statistical approach to analyze state polls to get a single, easy-to-understand snapshot of the race, viewed from the point of view of the Electoral College. In 2008, this approach mad
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Andrea LaPaugh: Foundations and Future of Information Search - March 4, 2009
Lunch 'n Learn presentation: Everyone googles - in the U.S, about 12 billion times a month (including search engines that aren’t Google). We are mostly pleased with the results we get. How can it be that we give an automated system a couple of words and it finds reasonably relevant documents among one hundred billion or so possibilities? Will our satisfaction with these tools increase or decrease as the Web and our expectations grow? Dr. LaPaugh gives a peek “under the hood” and discuss
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Andrea LaPaugh: Foundations and Future of Information Search PDF - March 4, 2009
Lunch 'n Learn presentation: Everyone googles - in the U.S, about 12 billion times a month (including search engines that aren’t Google). We are mostly pleased with the results we get. How can it be that we give an automated system a couple of words and it finds reasonably relevant documents among one hundred billion or so possibilities? Will our satisfaction with these tools increase or decrease as the Web and our expectations grow? Dr. LaPaugh gives a peek “under the hood” and discuss
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The Fruits of the Genome for Society - February 17, 2010
Lunch 'n Learn presentation: The sequence of the human genome, the primary goal of the Human Genome Project, was achieved just a few years ago. Because our genomes are a string of 3 billion sequences of four chemical letters in the DNA polymer, the ability to obtain genomic sequences depended on revolutionary progress not just in DNA chemistry but also on the equally revolutionary advances in speed, capacity and versatility of digital computers. By far the most prominent result of the determinat
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The Fruits of the Genome for Society PDF - February 17, 2010
Lunch 'n Learn presentation: The sequence of the human genome, the primary goal of the Human Genome Project, was achieved just a few years ago. Because our genomes are a string of 3 billion sequences of four chemical letters in the DNA polymer, the ability to obtain genomic sequences depended on revolutionary progress not just in DNA chemistry but also on the equally revolutionary advances in speed, capacity and versatility of digital computers. By far the most prominent result of the determinat
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24 - Asymmetric information: auctions and the winner's curse
We discuss auctions. We first distinguish two extremes: common values and private values. We hold a common value auction in class and discover the winner's curse, the winner tends to overpay. We discuss why this occurs and how to avoid it: you should bid as if you knew that your bid would win; that is, as if you knew your initial estimate of the common value was the highest. This leads you to bid much below your initial estimate. Then we discuss four forms of auction: first-price sealed-bid, sec
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22 - Repeated games: cheating, punishment, and outsourcing
In business or personal relationships, promises and threats of good and bad behavior tomorrow may provide good incentives for good behavior today, but, to work, these promises and threats must be credible. In particular, they must come from equilibrium behavior tomorrow, and hence form part of a subgame perfect equilibrium today. We find that the grim strategy forms such an equilibrium provided that we are patient and the game has a high probability of continuing. We discuss what this means for
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21 - Repeated games: cooperation vs. the end game
We discuss repeated games, aiming to unpack the intuition that the promise of rewards and the threat of punishment in the future of a relationship can provide incentives for good behavior today. In class, we play prisoners' dilemma twice and three times, but this fails to sustain cooperation. The problem is that, in the last stage, since there is then is future, there is no incentive to cooperate, and hence the incentives unravel from the back. We related this to the real-world problems of a lam
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21 - Forwards and Futures
Futures markets were started in Osaka, Japan in the 1600s to create an authoritative and meaningful market price for agricultural products, using standardized contracts. Since then, futures markets have been copied around the world to allow the hedging various future risks, financial and other. In the United States, the Chicago Mercantile Exchange and the Chicago Board of Trade have been the most popular futures trading markets. Although futures markets are changing and becoming more electronic,
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