Related question: Why no free re-fills in Europe?
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"Is there anything more distinctly understood by all men, than
what it is to see, to hear, to remember, to
editors
have an incentive to badly misinterpret, misuse test scores.
More generally, news is entertainment, not fact. But even the SAT
people seem on board here...
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
on neighboring kids anyway. Family
breakup hurts not so much your own kids, but the proverbial "fabric of
society."
There is a lot of additional food for thought, economic and otherwise,
in this fine book.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
by pregnant women to
save money) or about morality (the sanctity of fetuses, control by women
of their bodies).
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two qui
me tonight.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two quite different
reasons: because our set does not work, or because we dislike
the program w
Supposedly Britons are already cueing for gas. What's happened? Price
controls? Expected price controls?
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two
It all depends on parameters, but I think the net message of this
literature is that it's better to have kids than you thought, but not so
useful to spend your time preaching at them.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments
the "parents'-group-to-children's-group" model.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"[W]hen we attempt to prove by direct argument, what is really
self-evident, the reasoning will always be
f one-parent family
structures.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two quite different
reasons: because our set does not work, or because we disli
ether; why would kids be any different?
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two quite different
reasons: because our set does not work, or bec
rice not be affected? Where would the supply-side effect
come from?
Just because the world supply is fixed, does not mean that one country
can't reduce after-tax prices by cutting taxes. Inelastically supplied
to the world, elastically supplied to individual countries.
--
Prof. Bryan Caplan
e comments will be forthcoming once I finish the book.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"[W]hen we attempt to prove by direct argument, what is really
self-evident, the reasoning will always
me prices and
income.
I think the real challenge to SB comes not from cognitive psychology,
but from personality psychology, where the heterogeneity of human
preferences is well-established. (Shameless self-promotion - I'm
working on a piece that makes this point).
--
ional
irrationality" a form of meta-rationality. But my model doesn't imply
that you can make people compensate for their irrationality by pointing
it out to them; the only thing that works is raising price of error.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
in different states. So as puzzling as both
papers are separately, they are even more puzzling taken together: how
can labor demand be at once perfectly inelastic and perfectly elastic?
Anyone able to resolve this puzzle? And has anyone else pointed this
out?
--
Prof. Bryan Caplan
Alex had trouble posting this. Anyone else have similar troubles?
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two quite different
reasons: because ou
ercentile of quality for published
empirical work, I don't mind if you take that as a left-handed
compliment. But I don't see how they failed "miserably" even then.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcap
Followup announcement. I had some technical problems with the
Personality, Politics, and Economics online test I announced last week.
Now it is up and working again, but has moved to:
http://www.bcaplan.com/cgi/person.cgi
--
Prof. Bryan Caplan [EMAIL PROTECTED
Pat McCann wrote:
Should we resubmit our answers?
Patrick McCann
GMU Undergrad
For anyone at Mason, and anyone who responded on Thursday, there is no
need.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"Unprecedented," huh? :-)
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two quite different
reasons: because our set does not work, or because we dislike
the program w
.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for two quite different
reasons: because our set does not work, or because we dislike
the program we are rece
, but intelligence still matters a great deal.
On the other hand, as behavioral geneticists (and Chris?) will point
out, since SES partially reflects genotype, this measure *understates*
the real importance of intelligence.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http
around with practioners
for a while to get a feel for what they actually do. I'm not too happy
with any graduate econometrics text, but I use Johnston and DiNardo.
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
Chris Auld wrote:
Bryan Caplan wrote:
Most of these wind up being dependent variables at some point in their
book.
I'm not sure why that helps their case at all -- it's as if they've
produced a whole bunch of reduced form equations, treating age,
and, probably inappropriately, SES
Does anyone know how many Floridian votes were being sold as a bloc on
voteauction.com, and how much they were going for? This was quite
plausibly enough to swing the whole election, and probably sold for a
few thousand dollars!
--
Prof. Bryan Caplan
Landsburg's column "I've Got to Admit It's Getting Better" is
excellent. It explains a really novel idea for calculating the rate of
quality improvement.
http://slate.msn.com/economics/00-02-09/economics.asp
--
Prof. Bryan Caplan
People "talk a lot" about this?! Maybe in a few odd sub-cultures. I
can't recall any family member every talking this way, for example.
Maybe you're meta-rational, but I can't think of anyone else who
resembles you in this way. :-)
--
Prof. Bryan Caplan
their agents' actions - and
voters fall for it. But in these two examples we have the flip side of
the delegation illusion - when the principals *try* to exert the control
that the written rules give them, people get angry at them for
interfering with the agents' activities.
--
are the source of the monopoly power, competitive bidding
would lead to full dissipation of the rents, no?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"[T]he
g airlines are losing
money on the marginal slots they win bids for?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"[T]he power of instruction is seldom of much e
at picture, but they are surely likely to point out
widespread gun (if not handgun) ownership in Switzerland, and wonder how
6x the handgun ownership rate in the U.S. leads to a 1000x increase in
the handgun murder rate. (If that's not a typo).
--
Prof. Bryan Caplan
?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"A man should be sincere, and nobly shrink
From saying anything he does not
ty, if any?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"[T]he power of instruction is seldom of much efficacy, except in
those happy dispositions where it is alm
would happen? Does anyone
have hard evidence on this?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"Philosophical problems can be compared to locks on safes,
states are
over-represented in the winner states, and vice versa.
Does anyone know of more systematic evidence on this point?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL
Here it is, Pierre.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
Familiar as the voice of the mind is to each, the highest merit we
ascribe to Moses, Plato
My wish (not prediction): Joint prize for Anne Krueger and Gordon
Tullock for rent-seeking.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
Familiar as the voice
A lot of Soviet citizens, similarly, (retrospectively) claimed they were
happiest during World War II, when something like 1-out-of-8 perished!
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com
Does anyone know education's beta, that is, the correlation between
the return to education and the average market rate of return? How much
of a risk-premium should education have compared to, say, bonds or
stocks?
--
Prof. Bryan Caplan
Department
group explanations. Simple
reason: Most of the policies traditionally blamed on interest groups are
in fact *popular*. Adoption laws seem like a case where existing
policies are not popular, though perhaps I'm wrong on that count.
--
Prof. Bryan Caplan
, but on average it's
better? I doubt many people have that reaction.
As for trans-racial adoption, many people wouldn't want to do it
themselves, but how many actually want to prevent other people from
doing it?
--
Prof. Bryan Caplan
Department of Economics
Fred Foldvary wrote:
--- Bryan Caplan [EMAIL PROTECTED] wrote:
I'm highly dissatisfied with interest group explanations. Simple
reason: Most of the policies traditionally blamed on interest groups are
in fact *popular*. Adoption laws seem like a case where existing
policies
And of course normal developers always include the negatives.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He was thinking that Prince Andrei was in error and did
who try to buy the negatives from you are precisely the people
who would be willing to pay a lot for extra copies.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He
From Mark Steckbeck:
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He was thinking that Prince Andrei was in error and did not see the
true light, and that he
Life expectancy varies widely between countries. When someone moves to
a new country, what best predicts their lifespan? Country of origin?
Or country of destination?
--
Prof. Bryan Caplan
Department of Economics George Mason University
of any data?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He was thinking that Prince Andrei was in error and did not see the
true light, and that he, Pierre
wants. They only
support radical reforms conditional on things that are sure to never
happen.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He was thinking
David Fincher's new movie *Panic Room* may be the finest artistic
expression of game theory around. Beautiful illustrations of commitment
problems, subgame perfection, focal points, backwards induction... And
its pure entertainment.
--
Prof. Bryan Caplan
effect? Thaler says average ROR in January is 3.5%, versus an average
of .5% for all other months. Is this another case of basis points being
exagerated into percentage points?
--
Prof. Bryan Caplan
Department of Economics George Mason
, no?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
Smerdyakov suddenly raised his eyes and smiled. 'Why I smile
you must understand, if you are a clever man,' he seemed
What exactly is the advantage of double-entry accounting over
single-entry accounting?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did
you
mistakenly count a debit as a credit. The advantage is huge
when you have to do things by hand. It also helps you track errors
more quickly.
What's wrong with negative numbers?!
--
Prof. Bryan Caplan
Department of Economics George Mason
drastically the 12th-grade high school culture
differs from the 1st-year college culture.
Other ideas?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say
and holding in the lowest cost mutual fund is a lot more than .2%
per year.
- - Bill Dickens
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did
and active trading, (b)
managed mutual funds, (c) index funds, and (d) buy and hold with
discount brokers? I would still guess that (c) closes 90% of the
distance between (a) and (d), but I'd like to hear your guesstimate.
--
Prof. Bryan Caplan
Department
with that.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
the work of thousands of local stores.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have
I think this topic is getting too far afield for armchair. Take it off
the list, if you please. :-)
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote
is the easiest way to share and print your photos:
http://photos.msn.com/support/worldwide.aspx
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did
A kind of funny result from Excite's informal poll: 48% surveyed think
that the Dow will rise over the next month, vs. 32% who think it will
fall.
http://poll.excite.com/poll/results.jsp?cat_id=1
--
Prof. Bryan Caplan
Department of Economics
Kevin Carson wrote:
From: Bryan Caplan [EMAIL PROTECTED]
First, the roads and airports are already here, so there would not be
much of a decentralizing effect of cutting off subsidies and eminent
domain now.
But because of the effect of subsidies in distorting the market price link
.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
Bryan Caplan wrote:
You can check your public opinion guesses about various kinds
of spending at:
http://www.icpsr.umich.edu/GSS/
Click S for spending.
But first click Subject on the left-hand menu! Sorry.
--
Prof. Bryan Caplan
Department
(or to make them change
their policy), it's still going strong
I suppose they don't pay the higher insurance premiums - probably 80-90%
of the full amount you pay for a traffic offense.
--
Prof. Bryan Caplan
Department of Economics George Mason
preference is whatever his preference is,
within some limits.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
and
other things that get in your personal space. It's not the dollar
value of the issue so much as its immediacy and intrusiveness.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL
that really flip 80% for to 51% against? Highly
implausible.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt
to eliminate unearned benefits is to eliminate the
existence of benefits.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he
.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
their buildings, etc?
, it would
be possible to recoup the value of improvements. The only difference would
be, that one could not fence off land he was not occupying or using himself,
and charge others for access to it.
From: Bryan Caplan [EMAIL PROTECTED]
What about the effect
use of it.
Knee jerk use is appropriate in this case. The theoretical objections
are weak, and the empirical evidence in favor is strong.
Fabio
--
Prof. Bryan Caplan
Department of Economics George Mason University
http
, they would suffer a lot of headaches without getting a big
raise. Government subsidies and private charity give universities the
cushion they need to avoid being put out of competition by
performance-oriented for-profits.
--
Prof. Bryan Caplan
Department
I'm very pleased to tell you that there is a nice comment on my Economic
Journal piece, Systematically Biased Beliefs, in the July issue of the
Royal Economic Society Newsletter. Though they get my name wrong
(George Caplan?!) I still can't complain.
--
Prof. Bryan
Shameless self-promotion: I've updated my Academic Economics webpage to
include my new paper with Scott Beaulier, Behavioral Economics and
Perverse Effects of the Welfare State. Check it out at:
http://www.gmu.edu/departments/economics/bcaplan/econ.html
--
Prof. Bryan
Princeton econ really has 0. Kahneman is in the psych department, and
Nash is a senior research mathematician.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He
I didn't know the answer to this. Does anyone else?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt
of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621
Tel. 510-632-1366
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post
to voluntarily enroll.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted
was influential early
on in the Nixon administration.
Rodney Weiher
Bryan Caplan wrote:
William Dickens wrote:
As I remember the standard neo-classical answer to this is that the main
source of endogenaity isn't ability bias but discount rate bias - - that
people with below
--
Alexander Tabarrok
Department of Economics, MSN 1D3
George Mason University
Fairfax, VA, 22030
Tel. 703-993-2314
and
Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621
Tel. 510-632-1366
--
Prof. Bryan Caplan
-college grads, parents would be a lot less
quick to parrot old cliches about fishing.
Incidentally, most of your arguments (here and later in this discussion)
suggest that people over-estimate the return to education. Is that your
real view?
--
Prof. Bryan Caplan
that the social return is quite low.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
!
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
that people are perfect or
omniscient. It just says that they are right on average, that their
over-estimates balance out their under-estimates.
RE is often empirically false, but not in the trivial way you're saying.
--
Prof. Bryan Caplan
Department
/library/Enc/RationalExpectations.html
Eric Crampton
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt
theory says:
1. P(12) increases in p.
2. P(12) decreases in q.
3. P(12) increases in X.
4. P(12) decreases in Y.
and nothing more specific.
Is this inconsistent with any experimental evidence?
--
Prof. Bryan Caplan
Department of Economics George
that are false
not from lack of data, but because the available data has been
improperly processed.
What does improperly processed mean?
Failing to follow Bayesian rules of inference, for starters.
--
Prof. Bryan Caplan
Department of Economics
-3920 (fax)
+353-21-463-4056 (home)
[EMAIL PROTECTED]
[EMAIL PROTECTED]
www.ucc.ie/~sjostrom/
- Original Message -
From: Bryan Caplan [EMAIL PROTECTED]
To: [EMAIL PROTECTED]; [EMAIL PROTECTED]
Sent: Monday, November 11, 2002 8:35 PM
Subject: EU
It's well-known that expected
Please take these discussions of personalities off-list. Thanks!
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he
.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides
. But it can be handled by giving the midterm less
weight to begin with. You have an argument for giving a midterm a lower
weight, but not a variable weight. And I do give the midterm lower
weight.
--
Prof. Bryan Caplan
Department of Economics George
through the whole textbook discussion (unless the
students were largely going to grad school), but I think the point is
worth half a class.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com
fabio guillermo rojas wrote:
Now Pete Boettke asked me if there are any peoples with the
opposite combination: bad personal culture, good political culture.
The best Prof. Bryan Caplan
Note that insistence on free markets, limited gov't, democracy, etc.
is a pretty recent phenomena - so one
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