March 2010
10 posts
In the UK, it is a well know fact that power demand surges at the end of every episode of Eastenders, Britain’s best-loved TV show. The reason that happens — for those unfamiliar with British custom — is because millions of people simultaneously rush to switch on their kettles to make a cup of tea. All of that water boiling demands a lot of energy (2.2kW in our example).
The tea-rush habit is so dependable, meanwhile, that TV ratings are compiled using National Grid data.
” —FT Alphaville » A UK power desurgePeople living in communities that lack market integration display relatively little concern with fairness or with punishing unfairness in transactions. Notions of fairness increase steadily as societies achieve greater market integration. People from better-integrated societies are also more likely to punish those who do not play fair, even when this is costly to themselves.
For progressives, this finding brings great comfort. It suggests that people are, if not perfectible, at least morally malleable in positive ways.
” —The origins of selflessness: Fair play | The Economist