Freakonomics Radio Podcast

People who sleep better earn more money. Now all we have to do is teach everyone to sleep

better.

Freakonomics - How to Be More Productive

It's Self-Improvement Month at Freakonomics Radio. We begin with a topic that seems to be on

everyone's mind: how to get more done in less time. First, however, a warning: there's a big

difference between being busy and being productive.

Freakonomics author Steven Levitt presents new data on the finances of drug dealing. Contrary to popular myth, he says, being a street-corner crack dealer isnt lucrative: It pays below minimum wage. And your boss can kill you.

TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers are invited to give the talk of their lives in 18 minutes -- including speakers such as Jill Bolte Taylor, Sir Ken Robinson, Hans Rosling, Al Gore and Arthur Benjamin. TED stands for Technology, Entertainment, and Design, and TEDTalks cover these topics as well as science, business, politics and the arts. Watch the Top 10 TEDTalks on TED.com, at

A lot of full-time jobs in the modern economy simply don't pay a living wage. And even those

jobs may be obliterated by new technologies. What's to be done so that financially vulnerable

people aren't just crushed? It may finally be time for an idea that economists have promoted

for decades.

To you, it’s just a ride-sharing app that gets you where you’re going. But to an economist, Uber is a massive repository of moment-by-moment data that is helping answer some of the field’s most elusive questions.

Thanks For Watching!

Download The Podcast:

Dontate To Freakonomics Radio:

Hear Part 1 of Stephen Dubner's Keynote session at #JOINData 2016

Stephen J. Dubner is an award-winning author, journalist, and radio and TV personality. He is best-known as co-author of the books in the Freakonomics series, including Freakonomics, SuperFreakonomics, Think Like a Freak and When to Rob a Bank. They have sold more than 7 million copies in more than 40 countries. Dubner is also the host of the Freakonomics Radio podcast, which gets 5 million downloads a month.

Hear Part 3 of Stephen Dubner's Keynote session at #JOINData 2016

Stephen J. Dubner is an award-winning author, journalist, and radio and TV personality. He is best-known as co-author of the books in the Freakonomics series, including Freakonomics, SuperFreakonomics, Think Like a Freak and When to Rob a Bank. They have sold more than 7 million copies in more than 40 countries. Dubner is also the host of the Freakonomics Radio podcast, which gets 5 million downloads a month.

Critics -- including President Obama -- say short-term, high-interest loans are predatory,

trapping borrowers in a cycle of debt. But some economists see them as a useful financial

instrument for people who need them. As the Consumer Financial Protection Bureau promotes new

regulation, we ask: who's right?

Steven Levitt, author of Freakonomics, recounts a story of talking economics and business practice with a prostitute while researching for SuperFreakonomics.

Complete video available for free at

Subscribe to the Twin Peaks Rewatch podcast at !

Website:
Facebook:

The Topic: The Fallacy Fallacy

Patreon:
Twitter:
Soundcloud:

If you have ever been in an argument, you've likely committed a logical fallacy, and if you know how logical fallacies work, you've likely committed the fallacy fallacy.

Listen as three experts in logic and arguing explain just what a formal argument really is, and how to spot, avoid, and defend against the one logical fallacy that is most likely to turn you into an internet blowhard.

Like the Austin Institute on Facebook:
Follow the Austin Institute on Twitter:
The Research:

This Research Animate pulls together some of the key sexual economics arguments made by social scientists, including Roy Baumeister, Kathleen Vohs, Timothy Reichert, Mark Regnerus, and George Akerlof.

Essential to the mission of the Austin Institute is the dissemination of both thought-provoking and rigorous academic research on family, sexuality, social structures and human relationships. In order to engage a wider audience, we are developing select research projects into a medium amenable to our digital age.

It facilitates crime, bribery, and tax evasion – and yet some governments (including ours) are printing more cash than ever. Other countries, meanwhile, are ditching cash entirely. And if Star Trek is right, we won’t have money of any sort in the 24th century.

Subscribe for more videos like this:

The Best of Freakonomics with Steven Levitt and Stephen Dubner, moderated by Faith Salie.

Follow us on Facebook:
Twitter:
Tumblr:
Instagram:
92Y.org:

Several documentary directors each film a segment representing one chapter of Steven D. Levitt and Stephen J. Dubner's best-seller Freakonomics. This podcast is audio of these film segments

Remember the popular TV show Lost? Good, because your tour guide might not have all the fact down. But the tour will be long, lulling and dull. Return to the island where it all started...as a tourist.

Chapters:
00:00:00 Intro
00:04:50 Thanks
00:13:04 Redittation begins
00:27:28 Vest
00:31:20 Assassins Creed
00:34:07 Flashback
00:38:54 FCC
00:42:52 Paddy
00:45:41 Move to country
00:49:33 Iron Shiek
00:50:29 Squad cast
00:54:00 Stop Motion
00:56:41 Snow Dog
00:58:34 Forensics
01:00:23 Camp
01:01:42 Colbert Star Wars

NEWS & POLITICS - The US of Anxiety-Episode 5: White Like Me

Once again, race has become a central issue in a presidential campaign. But this time, it's not all about people of color. It's also about white Americans, and what their place is in 21st century America. This week, WNYC Studios and The Nation examine the history of what it means and has meant to be white in the United States of America. WNYC’s Jim O’Grady accompanies journalist Chris Arnade to Long Island. What they find is that as the economy has transitioned away from manual labor, it's struck at the very heart of the way many working-class Americans define masculinity, and, in turn, themselves. Connie and Fiore Napolitano at a roadside hot dog stand off Montauk Highway in Suffolk County. (Chris Arnade ) Plus, The Nation’s Kai Wright explores this notion with a group of Italian Americans who document their families' journey from immigrant scapegoats to full-fledged whiteness.

Subscribe:

Twitter:

Description

In a Presidential election cycle big on negativity and short on discussion of issues, anxiety is proving to be a dominant theme -- over the economy, national security, and indeed, what it means to be an American in the 21st century. This podcast brings the voices of people trying to hold on to their piece of the American Dream and others who are looking to build one. The United States of Anxiety gives you an wide-open window into the polarizing economic, social and political ideas that have people on the edge of their seats during this unprecedented election cycle. WNYC Studios is the producer of other leading podcasts including Radiolab, Death, Sex & Money, Freakonomics Radio, Note to Self and many more.

A look at everyday experiences in freaky ways based on the bestselling book Freakonomics.

Levitt takes you through his research on the relationship between dropping crime and the legalization of abortion.

Clip from the 2010 documentary Freakonomics: The Movie. A dream team of directors explore the hidden side of everything.

A look at everyday experiences in freaky ways based on the bestselling book Freakonomics.

Sure, we all pay lip service to the Madisonian system of checks and balances. But as one legal scholar argues, presidents have been running roughshod over the system for decades. The result? An accumulation of power that’s turned the presidency into a position the Founders wouldn’t have recognized.

Thank You For Listening.

Donate To Freakonomics Radio:

Download This Podcast:

What's in a name? Roland Fryer explains the bifurcation of naming in Caucasian communities and black communities.

Clip from the 2010 documentary Freakonomics: The Movie. A dream team of directors explore the hidden side of everything.

Steven Levitt, co-author of Freakonomics and professor in economics at the University of Chicago, discusses his latest research

(Sep 27, 2006 at Princeton University)

A look at everyday experiences in freaky ways based on the bestselling book Freakonomics.

Is anyone getting enough sleep? What difference does it make? Everyone knows what it feels like when you have a rough night but are there larger implications? Sleep researcher, Dr. Lauren Hale, talks animatedly about the social patterning of sleep and how it contributes to a cycle of inequality in health and well-being. With funding from National Institute for Child Health and Development, National Institute for Diabetes and Digestive and Kidney Diseases, and the National Institute of Aging, she analyzes demographic, behavioral, and neighborhood data from large-scale studies to identify patterns of sleep and wellness in child, adolescent, adult, and aging populations. Dr. Hale suggests that the results raise concerns about public health and social justice; she also presents some initial thoughts on what we, as individuals and a society, might do about it. Dr. Hale has published over 45 published peer-reviewed articles in Sleep, Sleep Medicine Reviews, Journal of Sleep Research, Pediatrics, among numerous other peer-reviewed journals. Dr.Hale is Associate Professor of Preventive Medicine at Stony Brook University where she is Core Faculty in the Program in Public Health. She received her PhD from Princeton University. She also serves on the Board of Directors for the National Sleep Foundation.

In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

Filmed at the Royal Geographical Society on 28th May 2014.

The books 'Freakonomics' and 'SuperFreakonomics' have been worldwide sensations, selling tens of millions of copies. They have come to stand for challenging conventional wisdom using data rather than emotion. Questions they examine are typically: Which is more dangerous, a gun or a swimming pool? How much do parents really matter? Why is chemotherapy prescribed so often if it's so ineffective?

Now the books' two authors, Steven D. Levitt and Stephen J. Dubner, have turned what they've learned into a readable and practical toolkit for thinking smarter, harder, and different -- thinking, that is, like a Freak.

On 28th May they came to Intelligence Squared to discuss their new Frequel, 'Think Like a Freak'. They offered entertaining and practical insights such as 'Put Your Moral Compass in Your Pocket,' 'If You Have No Talent, Follow Levitt's Path to Success,' and 'The Upside of Quitting,'. By analysing the plans we form and the morals we choose, they showed how their insights can be applied to help us make smarter decisions in our daily lives.

This week we are joined by Peter J. Boettke, who explains this history and tenets of the Austrian tradition in economics.

Boettke traces the school’s history from Carl Menger through Eugen Böhm-Bawerk and Joseph Schumpeter, Ludwig von Mises, Friedrich Hayek, and Murray Rothbard to contemporary economists such as Israel Kirzner, Vernon Smith, and Mario Rizzo. He explains what Austrian economics does and does not do, and distinguishes between what he calls “mainline” economics and “mainstream” economics.

What distinguishes Austrian economics from other schools of thought in economics? How did the Austrian school come to be known as the free market school?

Show Notes and Further Reading

Peter J. Boettke, Living Economics: Yesterday, Today, and Tomorrow (book)


Download the .mp3 of this podcast:
Subscribe in iTunes:

Stephen Dubner describes the research of Keith Chen and his experiments with the monkey economy. Monkeys were taught to use money by economists to buy different commodities, hilarity ensues.

You can also listen to this event on our podcast. Search Ri Science Podcast in your app, or click here:
Russell Foster, Debra Skene and Stafford Lightman discuss the science of sleep. Why do we need sleep and what are the physiological processes driving our circadian rhythm? When is our circadian clock disrupted and how does this affect our health? Cognitive neuroscientist Vincent Walsh chairs the debate.
Subscribe for regular science videos:

The science behind sleeplessness can help us understand our rhythms so we can live better and healthier lives. While hormones, such a melatonin, play a role in driving our circadian clock, the amount of sleep we get and our sleep cycles also affect our hormonal release patterns, with far-reaching implications on our health.
Cognitive neuroscientist Vincent Walsh chairs a discussion with a panel of experts who specialise in circadian rhythms. They explore how light detection plays a role in our sleep-wake cycles, how hormone release is regulated and the implications of changes to our circadian clock and sleeplessness over time.

This event was supported by British Psychological Society and Society for Endocrinology.


Watch more science videos on the Ri Channel
The Ri is on Twitter:
and Facebook:
and Tumblr:
Our editorial policy:
Subscribe for the latest science videos:

Start driving for Lyft, earn up to $35 per hour & get a $500 drivers bonus by going to now

Try Winc & get $20 OFF + COMPLIMENTARY SHIPPING RIGHT NOW when you go to

Welcome to the Jenna & Julien Podcast where we talk about all the things. If you are looking for your everyday, normal, by the book podcast, then you're in the wrong place. We created this because we tend to have awesome, random, and sometimes drunk conversations that we realized had to be shared with the lovely internet world. So here we are.

Subscribe to this channel for new podcasts EVERY MONDAY

We are on iTunes:

And

SoundCloud:

We're also live on Twitch every monday:


You can follow us on all the things:
Instagram:
Twitter:
YouTube:

Jenna:
IG:
TW:
YT:
2nd Chanel:

Julien:
IG:
TW:
YT:

P.O. Box If you want to send us things:
4335 Van Nuys Blvd. Box # 310
Sherman Oaks, CA 91403

Episode 1: No Bull Review's Macroeconomics and Microeconomics podcast - Top 10 things you must know for the first unit of economics class. This is geared toward college-level principles of macro and micro courses and students enrolled in AP Economics.
___
Top 10 Basic Concepts:
#1. Scarcity
#2. Opportunity Cost
#3. Production Possibilities Curve
#4. Law of Increasing Cost
#5. Absolute vs. Comparative Advantage
#6. Diminishing Marginal Utility
#7. Supply and Demand
#8. Shortage vs. Surplus
#9. Shifts in Demand and Supply
#10. Dual Shifts of Demand and Supply
___
Website:

eBook:

Twitter: @mrmedicoinfo

Instagram: @mrmedico
___
About Mr. Medico:
Mr. Medico is an Economics educator in New York with over a decade of classroom experience. He is the author of No Bull Review - Macroeconomics and Microeconomics: For use with the AP Macroeconomics and AP Microeconomics Exams (2012) and No Bull Review - Macroeconomics and Microeconomics: Top 10 Guide (2014). Mr. Medico is the developer of several best-selling iPhone test prep apps from Study By App, LLC, including Economics AP (2010), Economics AP Free (2011), and Economics Flashcard Review (2011). In 2010, he contributed to WNYC Radio/Public Radio International's morning news program The Takeaway and was recently a featured guest on episode 27 of the Economics Rockstar podcast. Mr. Medico is the Macroeconomics instructor for the Junior State of America summer school at Princeton University.

In our first full-length Cosmic Queries video episode, Bill and comic co-host Chuck Nice answer some of your most intriguing questions about space and science. Could life have started on Mars and ended up on Earth? What is the value of exploring Enceladus, Titan, Europa, and the rest of our Solar System? If the speed of light is constant, why is there a light shift in the Doppler effect? Get schooled by the Science Guy on information theory, the speed of light, and time. Learn about the accuracy of carbon dating, why there is less gravity at the center of the Earth than the surface, and how the Earth's rotation is 1/3 slower now than in prehistoric times. You'll also find out if you can start a fire with sound or build a space elevator from the Earth to the Moon. And of course, with Bill Nye as our guest host, you can count on just a bit of discussion about climate change as well.

Sponsored by GE --

If you love StarTalk Radio, don't miss out on any StarTalk news. Sign up for our free newsletter:

Catch up with StarTalk Radio around the web:
iTunes -
SoundCloud -
Stitcher -
TuneIn -
Twitter -
Facebook -
Google+ -
Pinterest -
Tumblr -
Instagram -

At Chicago's Bloom Trail High School, Levitt tests if you can get students to increase their test scores by simply providing them with a financial incentive.

Clip from the 2010 documentary Freakonomics: The Movie. A dream team of directors explore the hidden side of everything.

Randall Hinton of discusses how Keynesian economic theories are used by the US governement to determine when and where to spend money, or stimulate the economy. Although many (if not all) of Keyne's theories have been proven to be fallacious, the government seems bent on their continued justification for its fiscal irresponsibility. In our video we give a brief overview of these theories and their effects on the market. Contrasted with the Austrian view of economics. Join him in his bid for the U.S. House of Representatives

To see more subscribe to our Video Podcast:


Thanks for Watching

Download Preston & Stig's 1 page checklist for finding great stock picks:

Preston & Stig are the #1 selling Amazon authors of the Warren Buffett Accounting Book. The book can be found at the following location:

Joshua & Ryan talk about finances, debt, economics, and they answer the following questions: Should I invest my earnings when I have school loan debt and credit card debt, or should I focus on paying down the debt? My family’s medical debt seems the most pernicious of any of our debt—how do I best address it? What financial advice do you have for recent college graduates? Detailed show notes:

Complete video at:

SuperFreakonomics authors Steve Levitt and Stephen Dubner cite statistics that show, on a per mile basis, walking drunk is more deadly than driving drunk. Friends don't let friends walk drunk, cautions Dubner.

-----

With Freakonomics, Steven Levitt and Stephen Dubner revealed the good, bad, ugly and super freaky of the world around us.

The freakquel is here. Back with more than pop-culture trivia, Inforum's next 21st Century Visionary Award recipients are ready to revolutionize our understanding of causality in an incredibly interconnected world. - Commonwealth Club of California

Stephen J. Dubner is an award-winning author and journalist who lives in New York City. He is the co-author, with Steven D. Levitt, of Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. He is also the author of Turbulent Souls: A Catholic Son's Return to His Jewish Family (1998), Confessions of a Hero-Worshiper (2003), and a children's book, The Boy With Two Belly Buttons (2007).

Steve Levitt is the William B. Ogden Distinguished Service Professor of Economics at the University of Chicago, where he directs the Becker Center on Chicago Price Theory.

Levitt received his BA from Harvard University in 1989 and his PhD from MIT in 1994. He has taught at Chicago since 1997. In 2004, Levitt was awarded the John Bates Clark Medal, awarded to the most influential economist under the age of 40. In 2006, he was named one of Time magazine's 100 People Who Shape Our World.

Best Bad Movies and a Quiz

Trey Graham returns to PCHH for a discussion of the best bad movies. Then, Glen Weldon tests the panel in a top-secret quiz. Plus, what's making us happy this week.

Levitt's incentive scheme for potty training his daughter Amanda backfires.

Clip from the 2010 documentary Freakonomics: The Movie. A dream team of directors explore the hidden side of everything.

MP3:
Soundcloud:

Did government deregulation cause the financial crisis? Did the partial repeal of the Glass-Steagall Act lead to America's banking crisis - and to massive government bailouts? Stefan Molyneux speaks with Peter Schiff about the persistent myth of financial deregulation and the true cause of the economic crisis!

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.

Schiff Gold:
Schiff Radio:
Euro Pacific Capital:

Freedomain Radio is 100% funded by viewers like you. Please support the show by signing up for a monthly subscription or making a one time donation at:

Get more from Stefan Molyneux and Freedomain Radio including books, podcasts and other info at:

Complete video at:

SuperFreakonomics authors Stephen Dubner and Steve Levitt reveal disturbing statistics on how often hospital doctors actually wash their hands. Levitt discusses how one hospital successfully addressed the issue by growing petri dish cultures from some particularly grimy hands.

-----

With Freakonomics, Steven Levitt and Stephen Dubner revealed the good, bad, ugly and super freaky of the world around us.

The freakquel is here. Back with more than pop-culture trivia, Inforum's next 21st Century Visionary Award recipients are ready to revolutionize our understanding of causality in an incredibly interconnected world. - Commonwealth Club of California

Stephen J. Dubner is an award-winning author and journalist who lives in New York City. He is the co-author, with Steven D. Levitt, of Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. He is also the author of Turbulent Souls: A Catholic Son's Return to His Jewish Family (1998), Confessions of a Hero-Worshiper (2003), and a children's book, The Boy With Two Belly Buttons (2007).

Steve Levitt is the William B. Ogden Distinguished Service Professor of Economics at the University of Chicago, where he directs the Becker Center on Chicago Price Theory.

Levitt received his BA from Harvard University in 1989 and his PhD from MIT in 1994. He has taught at Chicago since 1997. In 2004, Levitt was awarded the John Bates Clark Medal, awarded to the most influential economist under the age of 40. In 2006, he was named one of Time magazine's 100 People Who Shape Our World.

In this episode of Unslaved David and Michael interview youtube vlogger PhilosophiCat on the plight of Western Culture from a female perspective. Topics discussed are: The origins and injection of Cultural Marxism in the west, the difference between Liberal and Libertarian, the migrant crisis, free trade and consumerism, the truth about capitalism, globalism and the rise of the psychotic left, and the role of both men and women in healing what has been lost in the west but never forgotten.

PhilosophiCat's channel:


MP3 download on Podbean

iTunes:
Facebook

Buffalo Bills outside linebacker Lorenzo Alexander comes onto the show to break down some film on his role in the Bills new defense.

Follow Zo on Twitter @Onemangang97

Lorenzo's Foundation:


Be sure to subscribe to Lorenzo's podcasts:

Train With the Best:


Capital Punishment:


***VIEW THE BLOG AT:***

***SUBSCRIBE TO THE YOUTUBE CHANNEL:***


***FOLLOW***
PATREON MEMBERS ONLY CONTENT:
TWITTER:
FACEBOOK:
INSTAGRAM:

In which J makes the startling discovery that Exhaustion = Sleep
What Podcasts should I listen to?

J's recommended listening:
Welcome to Night Vale ::
Hello Internet ::
Freakanomics ::


Mod-3 iPhone Case ::

Tumblr:
Twitter: @jonkerlin and @SCB_Ben
Facebook:

You can send us things!
PO Box 657
Salem, Virginia 24153 =D

Want to send us something?
Super Carlin Brothers
PO Box 4339
Roanoke, Virginia, 24015

Full Description and Comments at:

Wolf Richter joins the podcast this week to discuss the deterioration of the global macro situation, and how he is seeing growing signs of recession breaking out across the economy.

In which John examines the complex and tangled question of the gender wage gap, and looks at some of the reasons why women who work full time are paid less than men who work full time.

Sources:

The pay gap increases as workers age, and there is a pay gap across all education and experience levels and in almost all professions. Also, the pay gap is larger for women of color, across all education and experience levels:

The size of the gender pay gap depends on how you calculate it, but discrimination is a big factor in the pay gap: and

The gender wage gap for MBA graduates increases over time:

Women's pay goes down on average relative to men once there are kids in a family; men's pay goes up.

A really interesting, nuanced interview with an economist who studies the gender pay gap:

The wage gap won't close at this rate until 2056:

An analysis of the role race plays in the gender wage gap:

The gender wage gap is 10 cents in New Zealand, and 37 cents in South Korea:

The exhaustive and at times exhausting wikipedia article about the gender wage gap:

In the U.S. (and most countries), most unpaid work is done by women:

There's a pay gap among librarians, and male librarians are disproportionately likely to become directors: and

Great overall information (if a limited data set) from payscale:


----
Subscribe to our newsletter!
And join the community at
Help transcribe videos -
John's twitter -
John's tumblr -
Hank's twitter -
Hank's tumblr -

Stephen Dubner & Steven Levitt discuss the merits of starting up a new podcast with Ira Glass, host of the very successful This American Life podcast. (24/02/2010)

iTunes Description: Ira Glass gives us some radio advice, and helps preview our upcoming episode about the underbelly of fat -- a.k.a., Is It Time for a Cheeseburger Tax?

Dubner and Levitt wrote the best-selling, non-fiction book Freakonomics and the follow-up Superfreakonomics. They composed this podcast with nytimes.com and you can subscribe to it on iTunes.

The Glenn Beck Program with Glenn Beck, Pat Gray, Stu Burguiere and Jeff Fisher, Weekdays 9a–12pm ET on TheBlaze Radio

Facebook: Glenn Beck
Twitter: @glennbeck

No, Stephen J. Dubner doesn't actually endorse bank robbery. What he does endorse is amusing deconstructions of cultural acts or items -- robbing banks, for instance -- and analyzing data to stumble upon intriguing observations. Dubner's latest book is When to Rob a Bank (

Read more at BigThink.com:

Follow Big Think here:
YouTube:
Facebook:
Twitter:

Transcript - So if your question is when to rob a bank which plainly is our question – that’s what we titled the book, you think about a few things. You think about, you know, time of day, day of week, part of the year and so on. And this grew out of the fact that I’d read about a bank robber in New Jersey who was finally arrested after robbing banks on six Thursdays. And it made me wonder maybe Thursday is the best day to rob a bank. Maybe he knew something about the way the bank operated. Maybe that was his day off, whatever. So I went looking into the bank robbery data itself because that’s kind of what we do is look at data and see what’s interesting and this one was more, you know, we weren’t searching for this before the question arose. And so it turns out that the data are kind of fun to play with. It turns out that bank robberies are most – the most common day is Friday which I guess people, it makes sense because people think it’s payday and there’s a lot of money coming in and going out. But that doesn’t necessarily mean, you know, you’ll be more likely to be successful on Friday. There’s really no big difference in success rates from day of week. But you are much more likely to get more money if you rob a bank in the morning than in the afternoon.

And yet most bank robbers work in the afternoon and not the morning which leads you to think well either bank robbers aren’t very good at profit maximizing, you know, thinking the way economists do or that maybe they just can’t get up in the morning and go to work bank robbing which means that maybe if they could get up in the morning early in the first place they wouldn’t have to resort to bank robbery. But the real answer to when to rob a bank is never. And never is the right answer because the ROI or the return on investment on bank robbery is terrible. So if you’re going to become a criminal bank robbery is a bad crime. The average haul is about $4,000 in the U.S. per bank robbery. In the UK it’s substantially more so you could consider that. And you’re likely to get arrested after just three bank robberies and sent to prison. So you have to think as a career move bank robbery is really dreadful. And then one other tangent that we got involved with on this and looking into bank robberies is internal, you know, inside jobs. And one of the most interesting ones we came across was a woman in Iowa who for years and years and years had been embezzling money from a bank, about two million dollars’ worth. And the bank was actually owned – the president of the bank was her father interestingly. So I don’t know what the dynamics were there. And the way she was finally caught – and it turns out that she kept two sets of books which is kind of how you want to embezzle. And she was exhausted when she was caught.

The reason she was exhausted was because she’s worked so hard. She’d never taken a vacation over all those years. And the reason was that she was scared to because if she took a vacation someone would find that she’d been keeping two sets of books and she would have been found out. So what was interesting is she went to prison for a few years. She was let out. She moved back in with her parents who were obviously very forgiving since it was the dad’s bank that she had kind of put into trouble. And then she went to work with law enforcement. And what I love about this is it’s the classic tale of – only someone who knows how to cheat or how to steal or how to lie or rob would know how to help the good guys catch the bad guys from doing it. So she went to work for law enforcement and they found that one of the best metrics to look for in preventing white collar crime generally in embezzlement, particularly it was people who took, who didn’t take vacations or who took really strange vacations. So if in your firm you see that someone is passing up on their vacation time you shouldn’t necessarily think of them as just like a super hard worker or an altruist to your company. You might want to take a look in their drawer and see if they’re keeping a second set of books.

Directed / Produced by Jonathan Fowler, Elizabeth Rodd, and Aaron Lehmann