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William Baumol Econ 490 fall 2017

I am a student in Professor Arvan's Econ 490 class, writing under an alias to protect my privacy, using the name of a famous economist as part of the alias.

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September 03, 2017

here we go

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Check Your Facts

November 30, 2017

Description: With the abundance in resources and the ease in which people use to spread information, the issue of misinformation has become more and more prominent. Facebook is one of the platforms that has received lots of attention as of late for not handling misinformation. With the claims that there were campaigns to misinform people during the Brexit vote and even the recent presidential election, the company made the decision to combat it. There were a bunch of solutions that people suggested Facebook take. Some wanted a bunch of moderators to be hired, or have some program created that would automatically detect false information. In the end, Facebook decided to outsource the task to third party fact checking companies. Many of which are news publishers themselves. A year into this attempted solution, and many are protesting this solution. One reason being that these journalist companies are hurting for money, and that the opportunity presented by Facebook would create...

Illinibucks

October 07, 2017

Meet Dave. He's a soon to be college freshman, on the hunt for the school he'll call home for the next four years. A visit was scheduled to tour the University of Illinois, and he's driving towards the campus right now. While he's sure the tour will be great, he's also really looking forward to visiting his brother, who's currently a senior. As he drives down the highway, he passes the sign that says he's approaching his destination. Peering down the road, he see's what looks like might be a great wall of some sort. Needing to resolve this mystery, he puts the pedal to the metal and races towards it. He hits a bump and the information packet that the University sent him fell from the dash and the contents spilled everywhere. Maintaining his speed, he reaches down to pick up what fell, when he sees what looks like a role of cash money protruding from the information packet. He picks them up and unravels the roll with one hand, and is surprised to see the ...

Click it or Ticket

September 30, 2017

Monday through Friday, I'd get dropped off to school by my mom. One fine morning, while pulling into the drop off lane, a cop approached the window and peered down. I was in the front seat. I wasn't buckled. The cop, clearly seeing this, directly asked me whether or not I was buckled before he approached. Tell the truth or avoid a ticket? Lie or get fined? The cop had no way of knowing the truth. The "law" and parents are probably the two biggest figures of authority in a child's life, and this situation seemed to pit the two against each other. Had I been in the back seat and looked in the rear view mirror, the glare I'd have seen looking back at me surely would have affected my response. Nevertheless, I was in the front, with my full attention on the cop. When you're jay walking, speeding or not wearing your seat belt, and then you see a cop, your heart jumps and you quickly correct yourself, hoping you don't get caught. If you don't it...