Re: guess the correlation

2004-12-16 Thread fabio guillermo rojas
My guess is positive because California and New York tend to have a lot of high income people. Around 0.4? Fabio On Thu, 16 Dec 2004, Bryan Caplan wrote: I've calculated the correlation coefficient between per-capita state income and the percent of the vote Kerry got. Guesses? I'll post the

Re: Siberia and Canada

2004-04-08 Thread fabio guillermo rojas
Yes - evidence: the population of Canada is highly clustered around the border. I have hunch they would bolt the second the border was opened. Fabio On Thu, 8 Apr 2004, Bryan Caplan wrote: Question: If there were free migration between the U.S. and Canada, would Canada lose a lot of

Re: Siberia and Canada

2004-04-08 Thread fabio guillermo rojas
experts weigh in? That includes all Canadians. Eric? fabio guillermo rojas wrote: Yes - evidence: the population of Canada is highly clustered around the border. I have hunch they would bolt the second the border was opened. Fabio On Thu, 8 Apr 2004, Bryan Caplan wrote: Question

Re: divided government

2004-02-24 Thread fabio guillermo rojas
I think the argument goes like this: 1. The policies both parties agree on is smaller in size than what each party advocates individually. I.e., the equilibrium of the bargaining game is smaller than the whole policy space. 2. In general, most of what each party wants is un-libertarian and

Re: spamonomics

2004-01-20 Thread fabio guillermo rojas
Simple - you can anonymously buy impotence treatment over the Internet. No need to tell a real person that you ahve a sexual problem. I've also heard people use v!agra for enhancing sexual experience, not too cure a medical problem. Those people probably want to avoid doctors. Fabio On Tue, 20

Re: Oscar Political Business Cycle

2004-01-04 Thread fabio guillermo rojas
On Tue, 30 Dec 2003, Bryan Caplan wrote: The Political Business Cycle story has not fared well empirically in recent years (though Kevin Grier has done interesting work on Mexico's PBC). But it seems overwhelming in the Oscars. It seems like roughly half of the big nominees get released in

Re: Economist IQ?

2003-12-15 Thread fabio guillermo rojas
At Chicago, econ math GRE's tend to be substantially higher than other social science Ph.D.'s. Verbal scores are comparable to humanities Ph.D.'s. Also remember that econ depts take a lot of asian students, which probably pushes down the verbal GRE score. More generally, any time you require math,

Re: Economist IQ?

2003-12-15 Thread fabio guillermo rojas
In the book Sociology and its publics, Neil Smelser has a chart comparing GRE's for various disciplines. His point was that sociology, in comparison to other social sciences such as economics, get bad recruits. Fabio On Mon, 15 Dec 2003, Bryan Caplan wrote: Do you have a cite for that, Zach?

Re: Sub-optimal equilibrium vs. Culture

2003-11-29 Thread fabio guillermo rojas
Whenever we look at violent, underdeveloped nations, we often have two responses to their condition: 1. They have a preference for institutions that restrain peace, growth and development. Example: Middle Eastern people are poor because people have a taste for big, bad government. 2. They

Re: MVT and policy portfolios

2003-10-19 Thread fabio guillermo rojas
Related to this is the question of whether there really is a median voter. Let's take 10 issues--abortion, gun control, gay rights, trade policy, tax rates, immigration, middle east policy, racial preferences, CO2/global warming policy, and SDI/star wars missile defense. What percentage

Re: Levitt article

2003-08-14 Thread fabio guillermo rojas
I couldn't access the article. Could anyone either copy and paste it to me (privately so as not to distrub others) or perhaps just give me a briefy summary? Thank you. David Levenstam The article discusses Levitt's research style: his tendency to ask odd but interesting questions and be

Re: Levitt article

2003-08-14 Thread fabio guillermo rojas
The article discusses Levitt's research style: his tendency to ask odd but interesting questions and be clever enough to be able to test the hypotheses with publically available data. It also has some discussions of his career path and a little about his personal life. Fabio Thanks,

Do prices exist?

2003-08-14 Thread fabio guillermo rojas
Seriously - consider the use of a pay phone, or a hotel phone. It is often hard for me, and many other customers, to get completely accurate information on phone call prices. When it comes to phone calls, I've always missed some charge or tax, or there is change from when I last got the info.

Re: Levitt article

2003-08-04 Thread fabio guillermo rojas
What I found interesting is that in economics, like in many other fields, there are problem solvers (people who figure out specific paradoxes, empirical facts, etc) and theory builders. Levitt is a supremely able problem solver, a niche that didn't exist 30-40 years ago in the economics

Re: Levitt article

2003-08-04 Thread fabio guillermo rojas
and on (including work by ICES colleagues)... On balance I would argue that Levitt is indeed unusually clever (in the sense that he comes up with good questions and also finds interesting natural manipulations to study them), but that his particular approach to economic science is not novel:

Re: Senators Denounce Policy Analysis Markets

2003-08-02 Thread fabio guillermo rojas
I help run a large non-profit colocation and hosting center for various groups of which an implementation of this would fit perfectly with our mission. If people are interested in trying this in a fully transparent method I am willing to provide our resources and my time to make it happen.

Re: Senators Denounce Policy Analysis Markets

2003-07-31 Thread fabio guillermo rojas
Could this not be an opportunity? Maybe a private sponsor could set up the market? Fabio On Tue, 29 Jul 2003, Robin Hanson wrote: That sure looks like the likely outcome. We never really got a chance to correct misconceptions about the project. (For example, it was never intended to

Re: Senators Denounce Policy Analysis Markets

2003-07-29 Thread fabio guillermo rojas
On Tue, 29 Jul 2003, Jeffrey Rous wrote: I seem to remember looking at the Iowa Electronic Market right before the 2000 election and noticing that it had Gore winning the winner-take-all and Bush getting a higher percentage of the vote. And I remember thinking that this was just an

California Recall

2003-07-28 Thread fabio guillermo rojas
Ok - let's put game theory to the test: what is the normal form of declaring your candidcay for California governer-game? What's the predicted outcome? And what would Robin Hanson wager on the answer? Fabio

Re: California Recall

2003-07-28 Thread fabio guillermo rojas
On Mon, 28 Jul 2003, fabio guillermo rojas wrote: Ok - let's put game theory to the test: what is the normal form of declaring your candidcay for California governer-game? What's the predicted outcome? And what would Robin Hanson wager on the answer? Fabio It seems that optimal strategy

Re: fertility and government

2003-07-14 Thread fabio guillermo rojas
1. Why is fertility higher in dictatorships? Do dictators like bigger populations, and democrats like smaller populations? Does population growth influence choice of government? Or is there a third factor that affects both fertility and form of government? The question should be: what causes

Re: Competition vs. Profits in the NBA

2003-07-10 Thread fabio guillermo rojas
Robin said: The conflict you describe is that some people want more of a fair fight, and others put more weight on wanting my team to win. Of course the second group doesn't want to win via too easy or obvious an advantage. They may want the rough appearance of fairness, but in fact want

Re: Marketing vs. Economics

2003-06-30 Thread fabio guillermo rojas
The usual response to someone ought to do X is why not you?. Introductory classes must meet a lot of constraints. They must prepare those who will continue in the tools that are actually used at higher levels. And they must give the rest some tools they can actually use to understand some

Re: socialism historical?

2003-06-17 Thread fabio guillermo rojas
Political labels are notoriously contextual. The passage of a few years renders many labels unintelligible. However, there is something more interesting to say. Political parties frequently co-op specific policies, which distorts our association of a label with a policy. Example: the two

Re: Charity

2003-06-04 Thread fabio guillermo rojas
I remember a discussion with Bryan, where he claimed that the average proportion of income donated to charity is about 1% or 2%. Say somebody makes $30K, that $300/year. I can easily imagine a religious person giving a few bucks a week to church ($2x52= $110) plus maybe some extra during fund

Re: Theory of Perverse Government Tangents (fwd)

2003-06-02 Thread fabio guillermo rojas
Not sure if this made it... fabio While it may appear that the Warnick Theory of Perverse Government Tangents has thus been born full grown, it is nevertheless recognized that improvements or amplifications may be possible. They are welcome. Walt Warnick Sorry, Walt. You've been beaten

Re: Personal vs. Political Culture: The Other Box

2003-05-31 Thread fabio guillermo rojas
Absolutely speaking, sure. But e.g. the U.S. and U.K. have been *relatively* more sympathetic to these ideas for centuries. Prof. Bryan Caplan I think my email got crunched, but if you are talking relative levels, then some Latin American countries have semi-decent

Re: Theory of Perverse Government Tangents

2003-05-31 Thread fabio guillermo rojas
While it may appear that the Warnick Theory of Perverse Government Tangents has thus been born full grown, it is nevertheless recognized that improvements or amplifications may be possible. They are welcome. Walt Warnick Sorry, Walt. You've been beaten to the punch: Read Meyer and

Re: Personal vs. Political Culture: The Other Box

2003-05-30 Thread fabio guillermo rojas
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

Re: Lott

2003-02-05 Thread fabio guillermo rojas
How would one estimate the accuracy of self-reports of self-defense? I know in medical research you can assess the validity of self-reported health by doing follow up medical exams or seeing if the respondent dies or becomes seriously ill shortly after the survey. Is self-defense just one of

Re: Questions about the stagflation episode...

2003-02-03 Thread fabio guillermo rojas
On Mon, 3 Feb 2003, William Dickens wrote: That is not what I meant. Of course there is. Its thermodynamics. However, to an outsider it looks to impose about as much structure on weather modeling as the notion of general equilibrium imposes on macro-modeling - - that is that the devil is in

Re: Questions about the stagflation episode...

2003-02-02 Thread fabio guillermo rojas
IIUC, macro was characterized by multiple schools but there was an outstanding critique that the micro picture was flawed or asbent, which served to undermine one popular school. The anomaly didn't serve to usher in a new macro, but unravel some old science, which still has adherents in a

Re: Questions about the stagflation episode...

2003-02-02 Thread fabio guillermo rojas
Well maybe macro *is* in a scientific state, from your description. Sticking to Kuhn's terminology, normal scientific activity occurs when scientists use existing models to solve outstanding issues. From one perspective, maco is organized around general equilibria, and the fighting is over the

Re: Questions about the stagflation episode...

2003-02-02 Thread fabio guillermo rojas
On Sun, 2 Feb 2003, William Dickens wrote: don't fit easily into Kuhn's categories. We're in the same situation as meteorology (only worse because our subjects have minds of their own). We know that weather systems are chaotic and therefore unpredictable beyond very limited time frames.

Economic anamolies and Kuhn

2003-01-30 Thread fabio guillermo rojas
I'm teaching a course on the sociology of science and we read Kuhn's structure of scientific revolutions. FYI, Kuhn says that science is characterized by paradigms - most science works from basic assumptions justified by model achievements. Scientific change occurs when anamolies - observations

European Soveriegnty

2003-01-20 Thread fabio guillermo rojas
Is there an economic explanation of why Europeans seem to want to give up soveriegnty to the EU or the UN? Fabio

Re: Grade inflation - an easy explanation?

2003-01-14 Thread fabio guillermo rojas
Also consider the possibility that many departments get budgets based on enrollments - and tough grades scare students away! Fabio On Tue, 14 Jan 2003 [EMAIL PROTECTED] wrote: In the Rhetoric Department at Iowa instructors who tried to actually teach writing and therefore generated many

Grade inflation - an easy explanation?

2003-01-13 Thread fabio guillermo rojas
Has anybody tested the hypothesis that professors assign easy grades because it sucks up too much time? Consider the costs of tough grading - spending more time correcting papers, extra time spent arguing grades with students and the extra effort it takes to design challenging tests and

Re: Babynomics

2003-01-11 Thread fabio guillermo rojas
Question: At what can humans engage in economic behavior? Are there studies showing when children learn to trade ? Fabio Humans start to engage in economic behavior as soon as they are born. Trade is not a necessary characteristic of economic behavior. The issue is rather whether

Re: Babynomics

2003-01-11 Thread fabio guillermo rojas
Oh, come on!! Animals are economic actors only in the most general sense. Animals are economic actors. as to: For example, at what age are children able to understand the concept of interest?- any baby knows that something is better now then tommorrow. That's not the same as interest.

Re: Babynomics

2003-01-11 Thread fabio guillermo rojas
This is a great page! It's exactly what I was lookign for. Fabio On Sat, 11 Jan 2003, john hull wrote: Fabio- You may profit from visiting the page of an old prof. of mine at Oregon, http://harbaugh.uoregon.edu/index.htm , specifically, his Nanoeconomics? Pedianomics? The Economic

Babynomics

2003-01-10 Thread fabio guillermo rojas
Question: At what can humans engage in economic behavior? Are there studies showing when children learn to trade ? Fabio

Re: [Fwd: a non-profit oddity]

2003-01-07 Thread fabio guillermo rojas
Jim said: Opera houses have felt the pinch of a weakened economy. A significant number of them have canceled works with the explanation that they were substituting obscure works with more popular ones to increase ticket sales. I don't think that opera ticket revenue is actually counter

Re: University overhead

2002-12-04 Thread fabio guillermo rojas
How sticky is the price for university overhead? Fabio On Wed, 4 Dec 2002, Rodney F Weiher wrote: As a purchaser of university research, we often bargain with the PI on overhead, who in turn must bargain with their administration. Rodney Weiher fabio guillermo rojas wrote: Do

Re: Self-assesment vs. Rationality

2002-11-10 Thread fabio guillermo rojas
I presume you mean irrationaly optimistic self-assesment? I'd say quite a lot. But then comes the hard question: what policy implications follow from this conclusion? Yes, irrat self-assesment is a good word for it. Robin, I know you are a fan of taxing people for not using their

Re: Economists job market/search costs

2002-11-01 Thread fabio guillermo rojas
Having publications before you go on the market can make a very big difference. At least 10 years ago very few people did and having - - Bill Dickens An article in the Journal of Human Resources about 10 years ago showed that having 1 article had a big effect on landing a job, 2 articles a

Theory of Teams

2002-10-18 Thread fabio guillermo rojas
Occasionally, someone mentions the theory of teams. Can someone please tell me what the economic theory of teams is? Fabio

RE: Journal response times

2002-10-15 Thread fabio guillermo rojas
friend had a paper go three rounds at AER and that took 3 years. I wouldn't be surprised if a lot of bad papers get rejected quickly and that would bring down the average turn around time a lot. That is indeed the case. Journals get many papers of low quality, and it's easy to reject the bad

RE: Journal response times

2002-10-14 Thread fabio guillermo rojas
The data are average times (measured in months) between initial submission and acceptance at various economics journals in the year 1999. It seems that the long times quoted in this article are something different than what fabio was talking about. I have not read the article but the

Journal response times

2002-10-13 Thread fabio guillermo rojas
Anyone have any idea why the norm in economics allows referees so much time to do a report? Why its so different from other fields? Is this one of those soft vs. hard field things? Its my impression that the physical science journals all want fast turn around on their referee reports.

Re: Traffic School and Vehicle Insurance

2002-10-04 Thread fabio guillermo rojas
It seems to me, that traffic school makes everybody out to be a greater risk than their driving record indicates. If risk is a primary factor in an insurance company's rate determination, doesn't that mean that traffic school makes everybody's rates higher than they otherwise would Be?

Re: Why does tenure exist?

2002-09-19 Thread fabio guillermo rojas
One possible explanation for tenure is that university departments are to a large degree worker managed firms. One problem with a worker David Friedman David's explanations make sense, but I'm empirically skeptical on two grounds: (1) Why is it that only educational worker managed firms

Re: Why does tenure exist?

2002-09-18 Thread fabio guillermo rojas
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 While I share Bryan's skepticism, I don't buy his argument because

Why does tenure exist?

2002-09-17 Thread fabio guillermo rojas
Seriously, why does tenure exist at all? I know the motivations for tenure, but why isn't it competed away somehow? I would like to know what economic process ensures its continued existence. Fabio

Re: Feral Children

2002-09-06 Thread fabio guillermo rojas
Diego! Diego! The definitive source on outlandish, but possibly true facts is the weekly Straight Dope Column in the Chicago Reader, written by Cecil Adams. To sum up Cecil's column, yes, there a few authenticated cases of feral children, but most researchers doubt that any of these were raised

Re: Median Voter and Sampling

2002-08-28 Thread fabio guillermo rojas
But I do have a naive question: Is there a median voter for each issue, so that if there n issues, there can be up to n median voters? Or, is there only one median voter who satisfies the vector median as I described above? Can such a person be proven to exist, sort of like a voter

Re: Median Voter and Sampling

2002-08-28 Thread fabio guillermo rojas
Another MVT deviation: Marijuana decriminalization Fabio

Re: Nations as Corporations

2002-08-14 Thread fabio guillermo rojas
Imagine that a nation like the US were run like a corporation. To live How would you enforce shareholder rights and monitor managers? For corporations inside nations, one could appeal to the state for law enforcement or start a lawsuit. What recourse do shareholders have in such a worlds?

Re: charlatanism

2002-08-14 Thread fabio guillermo rojas
Does anyone think, at least in the excerpts we read, that the article attacked libertarian or libertarian-leaning economics as much as it attacked economics generally? David Levenstam It's typical to say that bad science is X, and my political opponents just happen to do X. IMO, it is

Re: charlatanism

2002-08-14 Thread fabio guillermo rojas
The real charlatans in academia are the many frauds who build their whole careers by getting their names put on coauthored papers to which they have not legitimately contributed. That's a sort of embezzlement; but `charlatan' implies that the *content* of the papers is fraudulent. Anton

Re: Nations as Corporations

2002-08-14 Thread fabio guillermo rojas
Are state-enforced lawsuits really what keeps large multinational corporations honest now? If not, then the concept here is to use mechanisms similar to whatever large corporations now use. Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu Multinationals come in different flavors.

Re: Why Compact Cars Identical?

2002-08-12 Thread fabio guillermo rojas
That makes sense for the cars all made by the same company, or which share subcontractors. But Toyota, Honda, Subaru, and Ford all make cars with virtually the same shape and layout. Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu Among management theory/organizational sociology

Re: Why Compact Cars Identical?

2002-08-12 Thread fabio guillermo rojas
Or to rephrase in economic terms, risk averse managers prefer copying a proven strategy (low risk/low payoff) than engaging in RD (high payoff/high risk). reduce drag coefficients to increase fuel economy. The summer I sold cars (1997 at a Pontiac-Mazda-Jeep-Eagle dealer) one of the

Re: taxi transitional gains trap

2002-08-04 Thread fabio guillermo rojas
Is there really a transitional gains trap? If a majority of NYers seriously wanted free entry in cabs, wouldn't it happen regardless of the opinions of cab companies? Prof. Bryan Caplan Uh-oh. The Median Voter Theorem rears its ugly head again.

Re: cultural cues and queues

2002-08-03 Thread fabio guillermo rojas
Alternative hypothesis: people will accept money only if other people are accepting money. Fred - next weekend, I want you recruit a person who will get in line before you. When you arrive, announce that you will give $20 to somebody who will let you cut in line. That planted person will then

Re: Public Opinion On Spending

2002-07-31 Thread fabio guillermo rojas
In other words, all of the main items in the budget are popular and indeed if anything the public wants them to be larger. (Presumably views Question: could public opinion be endogenous? Ie, maybe there might be some status quo bias? Would people before the New Deal or the Great Society have

Re: taxi transitional gains trap

2002-07-27 Thread fabio guillermo rojas
Alex Tabarrok wrote: . . . In addition, there are serious constitutional issues involved in opening the market to free-entry because this would probably constitute a taking. . . . Can somebody tell us exactly what the legal status of the medallions are? Does the state own them, rent them

Re: New article on cooperation the brain

2002-07-18 Thread fabio guillermo rojas
When I play the prisoner's dilemma in class, I see very little cooperation. I know one researcher who has repeated a trust game (not prisoner's dilemma) with many classes of students and groups of business men. He finds that students are remarkably untrustworthy and businessmen tend to give

Re: New article on cooperation the brain

2002-07-18 Thread fabio guillermo rojas
The part about students being socially isolated from each other and lacking social experienceis interesting. Are there any studies that might confirm this? I teach at a community college, so the students probabl mix with each other less than they do at other colleges. If I recall

RE: Republican Reversal

2002-07-17 Thread fabio guillermo rojas
In the real world we have almost 600 in Congress, dealing with innumerable matters more or less simultaneously. One of the things each CongressCritter does is to decide what to do not about, say, farm subsidies generally, but about SB1234, sponsored by Sen. This and Sen. That, which goes

Autism, brain damage and cooperation

2002-07-12 Thread fabio guillermo rojas
In any case, all of the deficiencies in children's brains you point out more or less sound like extensions of their low absolute IQ. Not really. One listed deficiency is memory. That might be correlated with IQ, but it's certainly not the same as IQ. Analogy: a computer with a small storage

Re: Autism, brain damage and cooperation

2002-07-12 Thread fabio guillermo rojas
Come on, Fab - pointing out examples of brain differences explaining behavioral differences is hardly convincing evidence that brain differences are the right explanation in this case. My point is that behavior is more than cost-benefit calculations with IQ as an intervening variable. My

Why do people pick stocks?

2002-07-12 Thread fabio guillermo rojas
If it is common knowledge that picking stocks is no better than using an index, then why is stock picking so popular? Ie, why do people accept lower returns just for the privilige of picking the stocks themselves? Fabio

Re: double vs. single entry

2002-06-27 Thread fabio guillermo rojas
Double entry means that you have one column for money going out of an account and one column for money going into an account. Thus, it very easy to keep track of cash inflow and outflow (just add up the columns). With single entry, there is more error because you mistakenly count a debit as a

Re: double vs. single entry

2002-06-27 Thread fabio guillermo rojas
What's wrong with negative numbers?! Prof. Bryan Caplan Bryan - it's not mathematical. It's book keeping. Keeping the two columns separate is simply easier for finding mistakes. With spreadsheets its easy, but if its teh 13th century and all is done by

Re: double vs. single entry

2002-06-27 Thread fabio guillermo rojas
On Thu, 27 Jun 2002, William Dickens wrote: Does anyone answering here know any accounting or are people just guessing? Just enter double entry accounting into google and you can easily find some answers. It hard for us modern people to understand, but simply accounting techniques can make a

Re: Republican Reversal

2002-06-26 Thread fabio guillermo rojas
These are all good comments on the Republican reversal. Thus, I take it that the list agrees that democracy works pretty well in reflecting the wishes of the voters. Alex I'd say democracy reflects general trend in voter opinion pretty well, although some policies may be way out of whack.

Re: Not such a fantastically entertaining paper

2002-06-20 Thread fabio guillermo rojas
Let me also add that the basic assumption of Frey's article is also wrong - the assumption that editors slavishly follow referee's. My take is that it's editors choose referees, so the editor's really do choose the articles because they choose referees and indirectly choose the outcomes. Fabio

Re: In Praise of Pay Toilets

2002-05-28 Thread fabio guillermo rojas
Plausible, but then the question is: *why* do people have a disutility of paying for toilets? Does this fit into any pattern of the sorts of things people have a disutility of paying for? As noted earlier, people did pay for toilets before and it is common in Europe. So it seems we are

What is a market?

2002-04-28 Thread fabio guillermo rojas
Imagine that an alien arrives on planet earth and asks you what is a market? What kind of economic system would count as a market? I know this can be a sticky question, but how would you describe the economy of Russia or China, and why doesn't it count as a market? Is it just the lack of the

Re: nafta

2002-04-21 Thread fabio guillermo rojas
I recently visited a web page by a political scientist that seemed to suggest that NAFTA was a failure. I'd -jsh Could you summarize the evidence he/she presents? Fabio

Re: nafta

2002-04-21 Thread fabio guillermo rojas
I hope that answers your question Fabio, without too much prattle. Best wishes to all! -jsh I think you certainly answered my question and it seems that the anti-free traders employ unusually low standards. And of course, they seem to jettison basic economic thinking. I think the real

Re: Economists' views

2002-04-20 Thread fabio guillermo rojas
Why don't you email Bryan Caplan, this list serve's moderator and founder? He's published stuff on exactly these issues. Fabio Rojas On Sat, 20 Apr 2002 [EMAIL PROTECTED] wrote: Is there a website that might have data on the opinions of economists on general questions like the role of

Re: Grade Inflation

2002-04-15 Thread fabio guillermo rojas
The effect of this is to draw students away from math, science and economics and towards the softer social sciences. Similarly, within departments students are drawn away from harder graders and towards softer graders. Budgets go where students go! Thus grade inflation causes a

Re: PhD Gluts

2002-04-11 Thread fabio guillermo rojas
2) To attract good thinkers to become historians, schools must keep the wage high enough to compete with other disciplines and occupations that require intelligence. Therefore, I think this is a big part of it. Compeitition to get into the best humanities programs is as fierce as law

Re: economic history question

2002-04-10 Thread fabio guillermo rojas
Most observers have always been very surprised that there never was a big demand for socialism in the United States - even at the height of the depression. The New Deal was very much driven by the Executive branch not by Congress - thus I think things could have been quite different

RE: Ph.D. proliferation

2002-04-06 Thread fabio guillermo rojas
orientation. Thus, as we become wealthier as a society, we are more able to support children who pursue such uselss topics at the graduate level. Why, this could mean that the wealthy feel some sort of urge to preserve civilization! Michael You are a very deluded person if you think

Panic Room and Beautiful Mind

2002-04-04 Thread fabio guillermo rojas
Talking about game theory movies - does anyone remember if the game depicted in Beuatiful Mind accurately capture the Nash eq? Fabio David Fincher's new movie *Panic Room* may be the finest artistic expression of game theory around. Beautiful illustrations of commitment problems, subgame

RE: Emotions and Entrepeneurship

2002-04-01 Thread fabio guillermo rojas
My just comment is that we should not use irrational expectations term in this discuss, because nobody, for sure know the difference between rationality and irrationality of human beigns. regards; santosh I'm just using the phrase irrational expectations in a sense similar to how many

MBA's for senior exec's

2002-03-11 Thread fabio guillermo rojas
Why do older executives desire MBA's or B-school Ph.D.'s? They don't need to signal brains because they have a track record, and they won't learn much useful stuff. It can't terribly useful credential when you are in mid or late career. Any takes? or is this just consumption on the part of

Re: Campaign finance changes

2002-03-03 Thread fabio guillermo rojas
Hypothesis: John McCain. Campaing reform has been a favorite to talk about but not to pass for many years. I think that when you had a charismatic cadidate adopt an issue, it can really change things. I bet a lot of congressmen saw little John McCains in their night mares if they opposed campign

Re: Economics of rank vs. Economics of the most money

2002-02-21 Thread fabio guillermo rojas
Maybe the real puzzle is under what conditions do people maximize rank or total stuff. F It doesn't have to be complicated, but it does have to be specific. A business trying to maximize market share is pretty specific, though with multiple product lines and sets of consumers there remains

Economics of rank vs. Economics of the most money

2002-02-20 Thread fabio guillermo rojas
This week's Economist magazine reported an experiment where subjects could pay to decrease the income of other subjects in the experiment, which they did with some frequency, although it didn't increase their income from the experiment. The article's author suggest that this was evidence for

Re: privatize parking spaces - market failure?

2002-02-17 Thread fabio guillermo rojas
I understand that some toll roads charge more during rush hour. It's not as sensitive a mechanism as Fred suggested, but it's not bad. Fabio I was looking for, but such a system would be hard to implement. Can you think of an existing analogous system in a similar market? Would there be a

Re: Decision Markets

2002-02-12 Thread fabio guillermo rojas
be informative for decisions. Anyone want to give odds that I'll be able to keep the term meaning what I want it to mean? :-) According to Stigler (the statistician, not the economist) almost every named scientific term is in error. So I'd say the odds are huge that your name will be

Re: drink prices

2002-02-04 Thread fabio guillermo rojas
Actually, I've dealt with this situation and it's quite different than the drink at a bar. When you hire a (decent) carpenter, they will tell you what additional labor cost, should it be required. A reputable contractor will have this written out before hand, and you will have signed an

Re: drink prices

2002-02-03 Thread fabio guillermo rojas
Are you sure this is what happened? I'd guess that the woman expected a range of price, and was shocked when when she found out the drink was $13. (1) Where else do people buy things without knowing the price first? (I've been thinking and have been unable to come up with any examples.)

Spam: Legal, economic or technical problem?

2002-01-26 Thread fabio guillermo rojas
When faxes were invented, people got pissed off when their valuable fax line was used by unsolicited advertisements. Thus, in many places fax spam is now a legal offense punishable by a large fine for each unwanted faxed message. Ie, the conflict was resolvd simply by having the practice

Re: The Median Voter Theorem and Adoption Law

2002-01-08 Thread fabio guillermo rojas
You are misinterpreting the function of these little issues. Little issues don't build up. Little issues tend to be signals to certain constituencies. For example, nobody has ever lost the vote due to rap music, but Clinton in 1992 signalled to many in the democratic party that he wouldn't be

Re: The Median Voter Theorem and Adoption Law

2002-01-08 Thread fabio guillermo rojas
Build-up has two meanings in this context. 1)Politicians could send a series of signals to win small groups of voters. 2) Politicians could send a series of signals to large group of voters who need repeated re-assurances that the politician really means what he says. Ie, build up of votes vs.

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