A year ago, master’s student in the Barcelona GSE Finance Program, Patrick Altmeyer gave a talk at TEDx University of Edinburgh on how positive impact European integration has had and should continue to have on our lives contrary. It provides us with greater freedom to choose, learn, exchange ideas, experience, develop. Here he describes his experience as a TEDx speaker and expands on the subject of the talk based on his experience as a student in Barcelona:
“TEDx at the University of Edinburgh was a very challenging and rewarding experience. I loved the thrill of speaking in front of hundreds of people and would definitely enjoy doing something similar again. It also provided my fellow speakers and me with a unique platform to speak out and actually reach people. I was at the time and still am bothered by growing pessimism about the idea of European integration. With my speech I intended to remind people of what’s at stake if in face of undeniable difficulties we simply give up on Europe and return to nationalist agendas.
Experiencing at first hand the recent political developments here in Barcelona has been a true reality check for me. The call for secession is by its very nature anti-unionist. But somehow the many peaceful independence supporters I have seen in the streets – among them many of my Catalan friends – have nothing in common with what we would generally think of as nationalists. Their opponents love to portray the Catalan separatists as anti-European (and themselves as saviours of the union), but personally I don’t buy that. I have realised during my time here that a strive for regional identity can go hand in hand with an open mind for Europe. One of today’s biggest challenges for supporters of integration is therefore to promote a sense of European unity while at the same time recognising that we are a very diverse group of people.”
You can watch his TEDx talk from January 2017 here, as well as discover what triggered the idea for this TEDx talk here.
Mara Faccio (Purdue University, NBER, ABFER, ECGI) and John J. McConnell (Purdue University) released a working paper this month which will definitely cause some stir with the general public. One thing is sure already: it made it onto our list of the most entertaining economics papers released this year. Titled “Death by Pokémon GO” it uses an event-study design to estimate the total incremental cost of playing Pokémon GO while driving in Tippecanoe County, Indiana.
Though the paper may seem funny at first, it does touch on some serious issues. It links the widespread use of smartphones and increases in app usage to increased car crashes and fatalities. The authors state that: “[…] [T]he possible connection between smartphone usage and vehicular crashes has been cited by the Insurance Information Institute as one explanation for the 16% increase in insurance premiums between 2011 and 2016.“ Faccio and McConnell also note that: “Attributing any increase in crashes and fatalities to smartphone usage and app availability is, of course, extraordinarily difficult given that many other factors also changed over the years in which both increased.”
Although not being the first to investigate the connection between the rise of the smartphones and vehicular crashes, Faccio and McConnell provide some novel insights by making use of an ingenious idea and providing robust results. By employing a difference-in-difference analysis that controls for a variety of confounding factors, Faccio and McConnell can show that crashes near PokéStops significantly increased from before to after July 6th, 2016 (when the game was released). The authors find that the costs associated with this increase in vehicular crashes range from $5.2 million to $25.5 million1 over the first 148 days following the release of the game. Extrapolation of these estimates to nation-wide levels yields a total cost ranging from $2.0 to $7.3 billion for the same period.
The paper is available from the SSRN website: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3073723
1. With the variability in the range being largely attributable to the sad loss of two lives.↩