Folks,
Apparently the winners of this years Nobel price for economics won because of
their explanation for "mechanism design theory."
Explained simply:
To ensure that limited resources are divided equally, one person cuts the pie
and the second person gets the first choice of the pieces.
I was still pondering the simplicity of this theory when I read today's
newspaper. In the Letters to the Editor section, one reader pointed out the
following:
"In our house, however, my wife always cuts the pie and I always choose the
smaller piece, because she's the one with the knife."
Mervyn3.0
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