The First Printed Copy Of SuperFreakonomics Auctioned Off For Charity

from the not-so-superfreaky dept

With the follow-up to Freakonomics coming out, as part of the plan to promote SuperFreakonomics, the books' authors are auctioning off the very 1st printed copy on eBay for charity. The winner of the auction gets a signed copy of this book, as well as a verification letter and a limited-edition SuperFreak t-shirt. Clearly, the economists behind this offer understand the value of scarce goods, and they've tried to increase that value with a couple extra goodies (as well as a matching donation up to $5,000 from Stephen Dubner). But wouldn't it be more interesting to see additional "reasons to buy" around the content, along with typical "freakonomic" analysis of what works and why? Dubner has already suggested (tongue-in-cheek) that the winner won't suffer from winner's curse, but will there be more practical lessons to be learned from this auction? How would the results of this charity auction be different if it did a Dutch auction (like xkcd did recently)? Auctioning off another copy of the book without the charity aspect would be an interesting test, too. And are there other scarce items that Stephen Dubner or Steven Levitt could offer for their book sales?

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NYTimes Values Tracking Over Visitors; Keeps Freakonomics Feeds Crippled

from the partially-ineffective dept

It appears that despite the massive amount of reader backlash against the NY Times for switching the Freakonomics blog to partial RSS feeds rather than full feeds, the powers that be have decided to keep the feeds partially crippled. In the long explanation, Stephen Dubner references my own post about why full feeds actually increase page views, but basically says that it wasn't convincing enough for the money watchers at the Times. The reasoning behind the decision is pretty tortured, and Scott Karp does a fantastic job ripping it apart:

"Sure, you can't place tracking cookies in these people's browsers or serve behaviorally target ads. But HOW IS THAT BETTER THAN NOT REACHING THEM AT ALL??? The idea that publishers, under pressure from advertisers, can put the horses back in the barn and get people to consume content through channels that publishers fully control, just like in old offline monopoly media, is so reactionary that it really does amount to betting against the Internet. It's true that adoption of RSS is still relatively low, but when you take the case of the Freakonomics blog -- where MOST of the readers read it via RSS -- the idea that you could somehow change ALL of their behavior, i.e. force them to come to the New York Times, is just ludicrous. There's no other word for it. Really, what's the point of "partnering" with the Freakonomics blog only to alienate the vast majority of the readers? How is that creating value for advertisers? So you can show ads to the few angry, resentful readers who reluctantly come to the New York Times?"

The NY Times' reasoning reminds me of the ridiculous reasoning that many newspapers (including the NY Times!) gave for many years about why they had to put up registration walls to get to their content. They insisted that they needed much better data about their readers to give to advertisers -- not recognizing that in doing so they were getting a lot fewer readers and the data they were getting was often bogus anyway. It's this same mistaken belief that leads the NY Times to insist it needs partial feeds to give advertisers better tracking data -- even if it means fewer of the type of readers that the NY Times should specifically be aiming for. How could that possibly make sense?

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Why Full Text Feeds Actually Increase Page Views (The Freakonomics Explanation)

from the why-full-feeds-make-sense dept

Last week, the Freakonomics blog got some extra attention by moving the blog to the NY Times. Of course, the blog had been in support of the immensely popular Freakonomics book, but the blog has taken on a life of its own. What was interesting was how people reacted to the news. While there were a few congratulations thrown in, the vast majority of the comments on the blog when the news broke was to complain about the NY Times' decision to switch the RSS feed from full text to partial text, where anyone who wanted to read the whole thing would have to click through. This has kicked off yet another round in the debate with some thoughtful discussions about full vs. partial feeds. Techdirt, of course, offers full feeds and always has. This means that plenty of people who read this site absolutely never visit the site. We're fine with that for a variety of reasons (one of which being that our business model isn't dependent on page views or ad impressions).

However, in our experience, full text feeds actually does lead to more page views, though understanding why is a little more involved. Full text feeds makes the reading process much easier. It means it's that much more likely that someone reads the full piece and actually understands what's being said -- which makes it much, much, much more likely that they'll then forward it on to someone else, or blog about it themselves, or post it to Digg or Reddit or Slashdot or Fark or any other such thing -- and that generates more traffic and interest and page views from new readers, who we hope subscribe to the RSS feed and become regular readers as well. The whole idea is that by making it easier and easier for anyone to read and fully grasp our content, the more likely they are to spread it via word of mouth, and that tends to lead to much greater adoption than by limiting what we give to our readers and begging them to come to our site if they want to read more than a sentence or two. So, while many people claim that partial feeds are needed to increase page views where ads are hosted, our experience has shown that full text feeds actually do a great deal to increase actual page views on the site by encouraging more usage. It's the same thing that we've talked about in other areas of the content industry. Taking value away from users to try to force a specific action is almost always going to be less desirable than providing people what they want. So while Dubner and Levitt may have to argue with the NYTimes beancounters who will claim that partial feeds will increase revenue, they may want to use the lessons they learned from their own book to recognize that the opposite may be true. Full feeds can actually drive more traffic overall.

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