pragmatic conception of truth-- if it
works it must be true. This is when you get economists arguing
absurd things like that people really, truly are rational maximizers or
can actually form rational expectations.
Daljit Dhadwal
> I guess what I was origially wondering was not "Is
show people
pictures and ask them who'd they'd like to spend their life with or have
a fling with. Would the test subject care about putting any effort into
making their decesion in such an artificial setting?
Daljit Dhadwal
William Dickens wrote:
>Today's EP practitioners use
Spence invented the idea of market signaling. In his 1973 QJE article, he
showed how people would choose to invest in higher amounts of education in
order to signal to employers that they have the unobservable qualities
needed to be a good match.
Daljit Dhadwal
>
> who is
tivations, but most often don't?
Daljit Dhadwal
ally-ill people, or banks refusing
to lend to certain groups of people because it's easier to ignore the
entire group than sort out good risks from bad risks not count as
economic explanations? It seems to me using Landsburg's argument you could
claim that people starve because the prefer not to earn enough income.
Daljit Dhadwal
, even if you were first in line and you got number 500, you'd
have to wait. What purpose does this serve?
Daljit Dhadwal
Here are 2 sources on how the layout of ballots can affect how people
vote. Even though it's probably not a serious problem, it's
interesting in that I think economists probably tend to overlook problems
like these.
Daljit Dhadwal
First Source:
> http://www.ruddick.com/tim/ballo
The following story is from the BBC website. Is
this another blow against the invisible hand?
Daljit
>
> Forwarded message:
>
> Beautiful people are ruining others' chances of
> happiness.
>
> At least, that is the conclusion of
> mathematicians, who have found out what
> many people have
Here's some more information about periodic land redistribution in Russia:
In 1861 Serfdom was abolished in Russia and land was divided between
peasants and landlords.
". . .peasants did not achieve equality before the law or real personal
freedom. Their land was held not by them but by the vi
Before the Communist revolution in Russia, around every 10 years(I think)
land was equally divided up and distributed to the peasents. Also, under
some religions debts have to be foregiven every so often. What's the
rationale for this type of periodic redistribution?
Daljit
Where's the paper printed? I did a search on Econlit and couldn't find
anything.
Daljit Dhadwal
>
>
> All this time I've been living under the impression that there wasn't a Santa Claus
>and that upward sloping demand curves were the unicorns of econo
I was just looking at the Liberty Fund Website and they have a large suggested
reading list. Why is it that they essentially leave out any books that could be
considered contradictory to their ideology? (I'm sure it's the same for websites
affiliated with groups on other parts of the political spe
When firms decide not to patent a product, how do they decide which level
of secrecy is appropriate in protecting their invention? Would any of the
analysis be applicable to government secrets? (see the article below)
Daljit
Forwarded message:
>
> The Wall Street Journal
> July 5, 2000
>
> Ca
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