Economics & policy media

Economics and policy media

Books on economics, applied statistics, and mathematics

  • The Undercover Economist, Tim Harford
  • The Drunkard's Walk, Leonard Mlodinow
  • The Signal and the Noise, Nate Silver
  • The Ghost Map, Steven Johnson
  • Democracy in Chains, Nancy MacLean
  • Flash Boys, Michael Lewis
  • The Music of the Primes, Marcus du Sautoy
  • The Book of Why, Judea Pearl. This excellent book includes my favorite discussion of the Monty Hall problem, with two helpful explanations. One requires Pearl's causal diagrams and is best read in context. The second, Bayesian explanation is worth quoting here: "...how come your belief in Door 2 has gone up from one-third to two-thirds? The answer is that Monty could not open Door 1 after you chose it--but he could have opened Door 2. The fact that he did not makes it more likely that he opened Door 3 because he was forced to. Thus there is more evidence than before that the car is behind Door 2. This is a general theme of Bayesian analysis: any hypothesis that has survived some test that threatens its validity becomes more likely. ... Door 2 was vulnerable to refutation (i.e., Monty could have opened it), but Door 1 was not. Therefore, Door 2 becomes a more likely location, while Door 1 does not. The probability that the car is behind Door 1 remains one in three."

Other media

  • In Our Time, BBC Radio 4. A wonderful discussion program ranging from history and literature to mathematics and science.