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...Ericsson, a large, gentle man with unkempt salt-and-pepper hair and a button on his jacket missing, has become the world's leading expert on experts, a term he distinguishes from "expert performers" - those individuals, possessing both experience and superior skill, who tend to win Nobel Prizes or international chess competitions or Olympic medals. Ericsson notes that some entire classes of experts - for instance, those who pick stocks for a living - are barely better than novices. (Experienced investors do perform a little ahead of chance, his studies show, but not enough to outweigh transaction costs...
...housing demand made faulty assumptions. A divorced couple, for instance, was automatically calculated as demand for one additional home, though in reality the husband often moves back in with his parents, or two divorcés join each other in a single household. Moreover, young people in Spain tend to live with their parents until they're married, a result of an affordable-housing shortage amid the housing boom. It proved untrue, says García-Montalvo, "that smaller families automatically mean more houses...
Today's artists are fascinated by popular culture, and want their art to compete with the mass media in its impact and pizazz. So they produce objects that tend to be lurid. It is as if the whole endeavor of art cannot be taken seriously unless the artists lead celebrity lifestyles, and unless their output has the packaging and sheen of Hollywood movies or expensive cars. Duchamp's circle lived for outrageous gestures, yet there was no sense of an already streamlined system for them to operate within professionally, as there is today. Or, where there was, they instinctively undermined...
...allocated that much to Yardfest, it couldn’t put on events like Camp Harvard, the Harvard-Yale pep rally, and the provocatively titled “Pimp Your Stein Club.” Given that Harvard students are not notoriously big concertgoers, it is these events that tend to engage the most people, and so this money is dollars well spent. While the CEB certainly has not chosen to be cash-strapped, they could handle their funds more wisely by polling undergraduates to see if they prefer hearing an affordable, “big-name” artist...
...Winship supervises several sociology classes, including Sociology 95: “Research for Non-Profits,” and Sociology 96: “Individual Community Research Internship.” His classes tend to encourage community outreach and social service as a form of education, as opposed to either a necessity or a way to attempt to act upon goodwill...