Brooklyn 99 — Cluttered Work Area

 

This clip deals with diminishing marginal productivity of labor. An influx of uniformed officers from another floor of the precinct has led the precinct to become a cramped pigsty, and there is not enough space for each of the workers (“too many cooks in the kitchen”). The detectives now have to spend time organizing the precinct instead of investigating their cases; due to overcrowding, the productivity of the precinct has declined from an additional unit of labor, rather than increased.

Submission and description submitted by Melissa Paton

John Stossel — Blue Laws

Blue Laws in the United States date back to Puritanical times when local governments wanted to ensure that people were in church on Sunday and observing the sabbath. Today, Blue Laws are a form of prohibition that limits the amount of time that businesses can sell profits. While most states have removed their blue laws, some still remain, like the inability to sell cars on Sundays or more extreme limitations like those in Bergen, NJ. This Stossel clips argues that the prohibition is a restriction of freedom for businesses that want to sell products.

The Colbert Report — Daryl Bem

 

Stephen interviews psychologist Daryl Bem to discuss his theory of “extrasensory pornception.” The interview does have some educational value for an introductory statistics course because:

  1. It does a good job of describing the research methods used in the study.
  2. Colbert calls out Bem because the better-than-average, statistically significant predictions amounted to guessing correctly 53% of the time when chance would dictate 50% of the time.

This change is statistically significant, but not a very powerful finding.

The clip and description come from Jess Hartnett (Twitter):

Young Sheldon — Communism & Bread

 

Sheldon finds that his sandwich tastes a bit different than normal. After a quick trip to the grocery store, he realizes that his local bread company has been bought out by a larger corporation that is looking to make break quickly and cheaply. He doesn’t like this switch and petitions super market customers about getting the local bread company to listen to their customers.

Without realizing it, Sheldon suggests that communism may be a better system because then one central authority can decide the recipe for bread. He assumes bread lines in Russia are a result of great tasting bread, and not the country’s inability to allocate resources. The show is set in the 1980s, which is the midst of a Cold War. Sheldon’s dad gets a spot on the news and Sheldon almost shares how the social security system is similar, but his dad doesn’t give him the chance.

Goldfish Pinball Commercial

The dark orange goldfish excitedly explains to his light orange friend that he has invented a new board game. He goes over the extremely complex rules to the game and this conversation ensues:

Dark orange fish: Let’s play!
Light orange fish: What do I have to lose?
Dark orange fish: Just the next three days!

This would be a great intro clip to show for opportunity cost / implicit costs. Learning all of the very intricate rules and playing this game will be extremely costly for the light orange fish in terms of the time he has to give up to participate. What else could he do with his time instead?

Thanks to Erin Yetter (Twitter) for the clip and description!

Lil’ Dicky — Professional Rapper

In this video, Lil’ Dicky interviews with Snoop Dogg for a position as a professional rapper. There’s one section early in the song that looks at the concept of opportunity costs. Lil’ Dicky (David Burd) was a college graduate from University of Richmond, but decided to become a rapper instead. During the “interview” with Snoop, he mentions that he actually had a lot to lose by becoming a rapper compared to other rappers who became rappers because they had nothing else to do. Another interesting application of the video could be in teaching unemployment and focusing on skills necessary for particular jobs. Lil Dicky needs to apply for a job with Snoop because other people haven’t appreciated his rap skills.

LYRICS (emphasis added)
So real shit you ain’t never had to struggle for much
I wouldn’t say it like that, we just had a different kind of trap
Elaborate
Well I ain’t never had a tool, but I had to be the man at school
Like I was doing shit I had to do so when I finished undergrad
I’m cool and I can get whatever job I wanted
But the job you wanted wasn’t all that bumping
Yeah, and I saw it quick all the flaws that be coming when you grow up like that
Know you been racing them rats, you ain’t been making them raps
Boo hoo what a hardship
How you paid to get the rap shit started?
Man, my Bar Mitzvah money
But don’t diss me buddy, I wasn’t one of them younguns up on the block who had nothing to lose
I must’ve wanted this a lot, I had something to choose

Check out the snippet of the entire song on this tweet:

Lil Dicky — $ave Dat Money

Lil’ Dicky shows the process of trying to make the most epic rap video of all time, but without spending much money. The entire song looks at a variety of ways that Lil’ Dicky tries to save money and avoids spending money on unnecessary expenditures “just to flex.”

The Good Place — Externalities & Unintended Consequences

 

Things seem off in The Good Place, but it turns out that the as the world becomes more complicated, seemingly identical actions (like giving flowers) can have unintended consequences that most people don’t realize. Our private actions can have social costs that we’re unaware of and would probably try to avoid if we were fully informed of their costs.

Thanks to Kalina Staub (Twitter) for the clip!

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