Thursday, February 09, 2006

Economics at its Finest

If this isn't economics, then I don't know what is:


A GAME THEORETIC APPROACH TO THE TOILET SEAT PROBLEM


Seriously, if people complain too much about the lack of "serious" theory work, then nobody is going to care about economics. As it is right now, there's TOO much focus on math and theory and not nearly enough done with applying economics to the world around us. If you want to be a data cruncher for the rest of your life fine, but there's more to economics than theory and STATA.