In yesterday's new Periodic Video, Argon (new) - Periodic Table of Videos, after about 07 min 00 sec, Sir Martyn Poliakoff says:
The final, and I have to admit perhaps slightly boring application of argon, is in double glazing (of windows) to keep our houses warm. Because argon has a heavy atom, the atoms don’t move very fast in the gas phase, and therefore they’re bad at conducting heat (emphasis added).
So if you have double glazing (that’s two sheets of glass in your window) if you put argon between the glass, it is much more effective at insulating the inside of the house, keeping cold out, than if you use air, because air has a much higher conductivity of heat.
So, if you look out of the window, you may find that you are looking through argon gas.
At a given temperature or kinetic energy per molecule, velocity will roughly scale with the inverse square-root of the mass, so I estimate that the argon atoms would be moving
$$\sqrt{\frac{28}{40}} \approx 0.84 $$
only 16% slower than nitrogen molecules would be moving.
Why then would a trapped ~1 cm thick layer of argon gas be a significantly poorer conductor of heat than nitrogen gas or air?
I'm wondering if it has more to do with the fewer internal degrees of freedom of a monatomic gas, than it does with the mass of the molecule. There would be a similar collision rate, but each collision of an atom of Ar could transfer less energy to the glass surface than a molecule of N2 could transfer.