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A nice piece of entertainment, but there's a lot of contradictory motivation behind the actions of these economists. For example, some of them would rather pay
by houseabsolute 17y ago
A nice piece of entertainment, but there's a lot of contradictory motivation behind the actions of these economists. For example, some of them would rather pay movers to save a few hours of work. Another will drive half an hour out of his way to save $5. Similarly many of the quirks listed in this article are just personality quirks which are perhaps associated with wanting to become an economist, but which are not likely because of it.
This piece is entertainment not meant to inform, which is fine, but we need to read it that way.
- sokoloff 17y agoSaving a few hours of time in exchange for $150 vs saving $5 in exchange for an hour (round-trip) of your time may be the right choice for the same person. Moving is strenuous, boring physical labor with a relatively high probability of being hurt/sore the next day. Driving around for an extra hour may be a pleasant diversion, time alone to think, relax, listen to music, etc. It's not apples to apples paying $50 an hour in one case against being paid $5 an hour in the other case.