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The humor in the joke comes from the mismatch between economic theory and reality.
by tacostakohashi 5y ago
The humor in the joke comes from the mismatch between economic theory and reality.
- alentist 5y agoElaborate, because it sounds like a strawman.
- dathinab 5y agoI can agree with him the mismatch is what makes me dislike the joke as it can spawn bad ideas but also what can make it funny in a "dark humorous" way. Me not liking the joke doesn't necessary mean it's not funny :=/ Like a joke which makes you both laugh and feel bad at the same time...
- imtringued 5y agoPerfect markets have no time lag, everything happens instantaneously. Thus it is always in the perfect state. The real world is not that convenient.
- alentist 5y agoAnd? What does that have to do with the GP?
- alentist 5y agoYour claim that economics does not consider time lag is ignorant nonsense. https://www.sciencedirect.com/topics/economics-econometrics-and-finance/lag-model https://www.sciencedirect.com/topics/economics-econometrics-... https://www.jstor.org/stable/2343782 https://www.jstor.org/stable/2343782 https://www.bis.org/publ/confp04l.pdf https://www.bis.org/publ/confp04l.pdf
- tinus_hn 5y agoIt’s a joke.