Twinsburg, Ohio, near Cleveland, was founded as Millsville in the early nineteenth century. Prosperous Millsville businessmen Moses and Aaron Wilcox were identical twins whom few could distinguish. Moses and Aaron were generous to Millsville in their success, a fact recognized when Millsville was renamed Twinsburg in the early nineteenth century. Since 1976, Twinsburg has embraced its zygotic heritage in the form of a summer festival celebrating twins. Millsville’s annual Twins Days attract not only twins reveling in their similarities but also researchers looking for well-controlled comparisons.
Twin siblings indeed have much in common: most grow up in the same family at the same time, while identical twins even share genes... Read More
The police were called to O. J. Simpson’s Los Angeles mansion at least nine times over the course of his marriage to Nicole Brown Simpson. But the former National Football League superstar, nicknamed “The Juice,” was arrested only once, in 1989, when he pleaded no contest to a charge of spousal abuse in an episode that put Nicole in the hospital. Simpson paid a small fine, did token community service, and was ordered to seek counseling from the psychiatrist of his choice. The prosecutor in the 1989 case, Robert Pingle, noted that Nicole had not been very cooperative with authorities in the aftermath of her severe beating. Five years later, Nicole Brown Simpson and her companion Ronald Goldman were murdered by an unknown intruder whom many believe was Nicole’s ex – husband, O. J.-
H... Read More
On the eve of the largest economic downturn in American history—the Great Depression —economic spirits ran high in the halls of high finance. Caldwell and Company’s slogan “We Bank on the South” reflected the confidence of a regional financial empire. Based in Nashville, Caldwell ran the largest Southern banking chain in the 1920s, and owned many nonbanking businesses as well. Rogers Caldwell, known as the J. R Morgan of the South, lived large on an estate that housed his stable of prize-winning thoroughbreds. Alas, in November of 1930, mismanagement and fallout from the stock market crash of October 1929 brought the Caldwell empire down. Within days, Caldwell’s collapse felled closely tied banking networks in Tennessee, Arkansas, Illinois, and North Carolina... Read More
The term “regression” was coined by Sir Francis Galton, Charles Darwin’s half-cousin, in 1886. Galton had many interests, but he was gripped by Darwin’s masterpiece, The Origin of Species. Galton hoped to apply Darwin’s theory of evolution to variation in human traits. In the course of his research, Galton studied attributes ranging from fingerprints to beauty. He was also one of many British intellectuals to use Darwin in the sinister service of eugenics. This regrettable diversion notwithstanding, his work in theoretical statistics had a lasting and salutary effect on social science. Galton laid the statistical foundations for quantitative social science of the sort that grips us.
Galton discovered that the average heights of fathers and sons are linked by a regression ... Read More
Twins are similar in many ways, including—alas—their schooling. Of 340 twin pairs interviewed for the Twinsburg schooling studies, about half report identical educational attainment. Schooling differences, S1j – S2)f, vary much less than schooling levels, S;y. If most twins really have the same schooling, then a fair number of the nonzero differences in reported schooling may reflect mistaken reports by at least one of them. Erroneous reports, called measurement error, tend to reduce estimates of pl in equation Г6.5У a fact that may account for the decline in the estimated returns to schooling after differencing. A few people reporting their schooling incorrectly sounds unimportant, yet the consequences of such measurement error can be major.
To see why mistakes matter, imagine that ... Read More