Tag Archives: rationality

More on Food Truck Regulation

More on the plight of food truck operators in NYC, from the Times: There are numerous (and sometimes conflicting) regulations required by the departments of Health, Sanitation, Transportation and Consumer Affairs. These rules are enforced, with varying consistency, by the New … Continue reading

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Five Lessons on Strategic Thinking from Jane Austen

On Monday I mentioned Michael Suk-Young Chwe‘s new book, Jane Austen, Game Theorist. In this post we take a deeper look at Chwe’s argument: that Jane Austen was teaching lessons about strategic thinking through her novels in what he calls “folk … Continue reading

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Reducing the Hidden Costs of Urban Living

USC graduate student Jeremy Fuller put it eloquently when he said, “Traffic really just defines your possibilities at any given time.” When traveling from one side of a large metro area to another in the US, a single individual has very … Continue reading

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How Much is a Publication Worth?

How much is a publication worth? If you are a professor of economics at the University of California, this study says that each article published in your field’s top journals (American Economic Review, Econometrica, and Review of Economics and Statistics) increases your annual … Continue reading

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Grad Student Advice Round-Up

Nearly two years into my graduate school experience, I now feel qualified to write this post–especially since it is an aggregation of others’ experiences and recommendations. This is by no means all the relevant wisdom, but hopefully it will be … Continue reading

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Coughing at Classical Concerts

Not being an opera fan myself I will take their word for it: Classical concerts comes with a set of very strict rules for the public: you cannot applaud while the music plays (the only exception being after opera arias), … Continue reading

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The Political Economy of Scrabble: Currency, Innovation, and Norms

In Scrabble, there is a finite amount of resources (letter tiles) that players use to create value (points) for themselves. Similarly, in the real world matter cannot be created so much of human effort is rearranging the particles that exist into … Continue reading

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Internet Politics Round-Up

2012 was a busy year for followers of internet politics. The SOPA controversy began in late 2011, and really picked up steam with the blackout protest on January 18. Later that month we shared news of the arrest of an … Continue reading

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The Politics of Chain Stores: Where to Go for Coffee When Traveling?

There are numerous political decisions related to your coffee buying decisions. Heuristics range from the pragmatic (where is closest? what’s cheapest?) to the philosophical (is it free trade/fair trade?). Those are subjects for later posts, though. Over the next week … Continue reading

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What Can Economics Teach Us About Gift-Giving?

From George Loewenstein and Cass Sunstein writing at The New Republic: Behavioral research on perspective-taking provides some explanations for why gift-buying is often such a waste of money. When people try to predict how another person will respond to a … Continue reading

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