The Economics of the Mini-Bar

2000-09-14 Thread NYCEconomist
The Thursday, September 14, issue of the Wall Street Journal reports on yet another consumer anomaly . . .as if we didn't have enough holes in the once-munster-but-now-swiss-cheese body of economic wisdom. This week's anomaly of choice: The hotel mini-bar As reported: "Dave Hofert wouldn't

Re: Marx vs. Hayek - let Amazon decide!!

2000-09-21 Thread NYCEconomist
F. Guillermo wrote: Here some cute numbers Title Amazon.com sales Rank Approx Price The Communist Manifesto 3,955 $5 The Road to Serfdom 866$8 Wealth of Nations 1,782 $9 Essential Works of Lenin

Re: reading recommendation

2000-09-21 Thread NYCEconomist
Regarding the exchange between W. Dickens and B. Caplan over decision heuristics: __ I encourage you to browse, if you haven't, the following: FAMA, EUGENE F., "Market Efficiency, Long-term Returns, and Behavioral Finance," The Journal of Financial