Robert Frost on Econometrics

2000-08-07 Thread Seiji Steimetz
"We dance round in a ring and suppose, But the Secret sits in the middle and knows." Of course, if Robert Frost was a Bayesian then the Secret is a random variable. Seiji ___Seiji Steimetz Office: Social Science Tower 305University of

Re: Cafe Free riders

2000-09-14 Thread Seiji Steimetz
[ Becker's answer: the free rider makes the cafe look like the placeis crowded. People like to flock to crowded places to consumethe atmosphere. Some free riders are good for business. ] I agree with this answer, except for the "free riding" part since those who idle in the cafe "pay" by