Bowdoin Economist Dan Stone Weighs In on Fractious Inn Contest (Portland Press Herald)

Daniel Stone

Daniel Stone

After Prince and Rose Adams were selected to win a Maine inn in a contest asking only for a $125 application fee and an essay, some of other entrants suspected the contest had been rigged. The Maine State Police eventually investigated, finding no evidence that the inn owner had committed any wrongdoing.

Assistant Professor of Economics Dan Stone told the Press Herald that the type of people who enter such contests are similar to entrepreneurs and long-shot gamblers in that they tend to be overconfident in their chances of success. “So it’s not surprising that many entrants, after hearing they didn’t win, would look for other explanations and maybe be too quick to suspect foul play,” he said. Read more.

Map: Every Job in America (Vox)

Robert Manduca/Vox

Robert Manduca/Vox

Using jobs data from every state (except Massachusetts), Harvard sociology Ph.D. candidate Robert Manduca created a map of every job in America, and the sector it is associated with. Each sector is distinguished with an individual color-coded dots, which makes for both an interesting and beautiful map. Read more about the map in Vox.

How Rich are the Non-One-Percenters? (Bloomberg View)

Hand and money staircase isolated on whiteThe Pew Research Center just released a new study on the global middle class.

According to BloombergView, the study contained both good and bad news — and some sobering facts — about the middle class worldwide, their income and their future prospects.

Map: States Renamed for Countries with Similar GDPs (Newsweek)

With a GDP of  $18 trillion in 2014, the American economy as a whole is huge, but how does each individual state measure up? California, the largest economy in the U.S., matches up with the GDP of Brazil, while the second-largest, Texas, manages to reach that of our neighbor to the north, Canada. Check out the map below to see how your state compares.

Image: American Enterprise Institute/Newsweek

Image: American Enterprise Institute/Newsweek

Handling Change in the Workplace (Fortune)

MeetingChange in the workplace, as in life, is inevitable. How we handle it can often create waves throughout the workplace. Barbara Dyer, CEO of the Hitachi Foundation, writes in Fortune about how to manage change in a way that is productive for you and those around you.