Wednesday, March 23, 2005


Why does economics sometimes sound like lame observational humor?

"Have you ever noticed how the bouncers at clubs won't allow a group of five guys in? What is the optimal gender mix for a group of party goers?"

"What is with online news magazines? They give the latest headlines for free but charge for the old news! What kind of crazy pricing scheme is that?"

And so forth...

In other news, one of my profs is writing the coolest paper. The question: what are the factors that determine whether a high school basketball player goes to college or straight to the pros? The economics of sports is extremely cool. See Romer's paper on the NFL for further evidence, or Levitt's paper on sumo wrestling.


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