Quotations
Ask a physicist how long it would take a bowling ball to land if you dropped it from the roof of your house. He will happily assume that your house is located in a vacuum, and then proceed to calculate the right answer. Ask an engineer to predict the path of a billiard ball after it is struck at a certain angle. He will assume that there is no such thing as friction, and the accuracy of his prediction will give him no cause for regret. Ask an economist to predict the effects of a rise in the gasoline tax. He will assume that all people are rational and give you a pretty accurate response.
— Steven E. Landsburg, The Armchair Economist (1993)
Tags
austrian economics
bar economics
black markets
causation
collusion
complements
correlation
crime
data visualization
development economics
discrimination
division of labor
drug policy
drug use
econometrics
economic development
efficiency
energy
expected value
fair bets
government
health economics
hockey
intermediate macroeconomics
intermediate microeconomics
international economics
introduction to econometrics
law of demand
law of supply
level of measurement
libertarian paternalism
opportunity cost
preferences
principles of macroeconomics
principles of microeconomics
public goods
research
smoking
sports
statistics
strategy
substitutes
syllabus
time constraints
unintended effects
Posts Tagged ‘smoking’
Here I briefly explain what my research project is about and where it is headed.
0 comments