Saturday Morning Breakfast Cereal by Zach Weinersmith for October 03, 2014
October 02, 2014
October 04, 2014
Transcript:
We have asymmetric knowledge of each other's preferences. Okay. Given that fact, it would be a non-optimal expenditure of time and resources for me to buy you a gift myself. Therefore, I analyzed my past gift-buying behavior and determined the amount of time and wealth I typically would've spent. So, Happy Birthday. I allot you P of my dollars and T of my time, with as a conversion factor. I think learning economics has made you respond inappropriately to other people's feelings. Thanks!
A thought Frisbee:.How to distinguish decisions based on vague feelings vs. data-driven decisions: Making a success of government financial enterprises. Isn’t that why modern Economic theories began? The question is, do macro applications apply on micro levels, as per individuals? What principles of government economic planning can be translated down? Should we depend on Wall Street or self-sufficient farms? A place in the sun with stock might, all things considered,eventually be more valuable than money in stocks. .Those who can swing it the right way are like one-eyed men in a kingdom of the blind. To many people, it seems elitist — obsessively compulsive — to plan things in too detailed a way. So in activities from healthy lifestyle, to making babies, to voting wisely, to investing for old age, to (dare I say) deciding how to deal with possible climate change — they trust in Fate. Then it was God. Now it’s the Government. What is in human nature that believes in lotteries and quick killings on Wall Street? In a single Leader who will make all things right?.The lesson in the fable of the grasshopper and the ant has versions in many different cultures. I think most people still secretly admire the grasshopper.