Memorable abstracts

We explore the effects of listening to the music of AC/DC in a simple bargaining environment.

Here is the paper.  The main result is that the songs of one lead singer, but not the other, induce efficient outcomes. 

The pointer is thanks to Joshua Gans.  Here is Gans’s regular blog.  Here is his very interesting paper on product tying, co-authored with Dennis Carlton and Michael Waldman.  Here is Gans’s good micro paper on carbon offsets.

Here is Gans’s blog on parenting and game theory.

Comments

An interesting idea for a paper, but "It's A Long Way To The Top" is not the best choice of Bon Scott songs, due to the highly unusual bagpipe solo (!). If I had to pick a Bon Scott song that was thematically similar to "Shoot To Thrill," I might consider "What's Next To The Moon" from the "Powerage" album. Alternatively, pick a single song which has been performed live by both singers... "Whole Lotta Rosie" and "The Jack" are both available in live versions by both singers.

And the conclusion that Brian Johnson is better than Bon Scott is, frankly, ridiculous. I don't deny that Johnson might yield higher efficiency ratings, but I would twist the conclusion around: the better singer is more likely to *distract* the listener from the transaction, and hence reduce efficiency.

"Induce" is a strong word in this context. I would say "correlated."

I am thinking about writing a grant proposal on the effects of Pink Floyd on cannabis consumption.

Shoot To Thrill is a fabulous song, so Long Way To The Top is not the best option for Bon Scott to go up against that. In a bargaining environment, the obvious choice would be TNT, and Bon Scott is the better frontman.

Shoot To Thrill is a fabulous song, so Long Way To The Top is not the best option for Bon Scott to go up against that. In a bargaining environment, the obvious choice would be TNT, and Bon Scott is the better frontman.

I'd be completely with Rich on this, except for that the bagpipe solo is awesome, and except for that the whole paper is a bit of a pisstake on experimental...if I had to bet, I'd say the confounding of singer and song effects was deliberate...a nice touch, actually.

Beavisnomics?

Yancey Ward writes: "I am thinking about writing a grant proposal on the effects of Pink Floyd on cannabis consumption."

- I think you might be faced with an endogeneity problem

Every record Bon Scott touched turned to gold. Think
of them: Dirty Deeds, 74 Jailbreak, High Voltage,
Let There be Rock, Highway to Hell, If You Want Blood...
classics, all. Brian Johnson is one hell of a singer,
but he was only involved with one classic album, THE
album, Back in Black. Bon Scott is the man.

I repost here from my comment about the paper at http://rocknrolldamnation.wordpress.com/

first off.
It’s been carried out on canuck Uni students in 2007. We can assume this means 18 to 22 years olds born in Canada in the years 1985 - 1989. Avoiding the question “wtf would they know about music† as the study did just imagine what these poor buggers had to listen to in utero from their parents vinyl collection, Bachman Turner Over Drive and Heart and what they had to listen to on the Canadian radio, Bachman Turner Over Drive and Heart . Not quite child abuse but hardly a benign input to a yet to be formed neural pathway.

Secondly:
an australian study, even if based on a similarly deprived cohort, would have a naturally much higher ranking for BOTH Bon AND Long Way TTT.

The study is not replicable here and therfore should not have been published.

Thirdly
Even on its own miserable terms the study is flawed. The “researchers† should have held the song constant. The band and song could be held constant with only the vocalist changing. Then we might be able to look a the results.

Fourthly
Other than an obscure blogger from an Australian backwater, a Mr S Cronin, who on earth creates public policy while listening to ACCADACCA. [saying Pauline Hanson will not impress the examiner]

Fifthly
In further design flaws I wish to point out that no acdc listener would play a wuzzy game involving offering $10 to a person. Get real. At least make it realistic. Say $50 in return for a bottle of Bundy, a baggie or a couple of cones and a few rohyies to recover tomorrow.

And Finally.
Clearly in Negotiations one would start off fwith Dirty Deeds Done Dirt Cheap to establish the value proposition of prior experience doing Dirty Deeds, suggest the possibility of cost savings - Dirt Cheap and then when about to negotiate the price play TNT - to establish tha tthe company really is DY - NAM - MIGHT then to enforce the message JAILBREAK.

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You guys are nuts...those bagpipes are great in that song!

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