It’s not what you think. I’m talking about the “high-type” person in economic models of price discrimination. Sorry, but the rest of this post might help you make better cost-saving decisions in the future. Continue reading “Discriminated on Price Because You Were High”
In 12 Rules for Life, Jordan Peterson gets to a point that is paramount for healthy living:
“That’s how you deal with the overwhelming complexity of the world: you ignore it, while you concentrate minutely on your private concerns. You see things that facilitate your movement forward, toward your desired goals. You detect obstacles, when they pop up in your path. You’re blind to everything else (and there’s a lot of everything else—so you’re very blind). And it has to be that way, because there is much more of the world than there is of you. You must shepherd your limited resources carefully. Seeing is very difficult, so you must choose what to see, and let the rest go.”
Seeing as we can find the economics in everything, the message given by Solomon (the Teacher) is laden with a few foundational principles of economics. Continue reading “Nothing New Under the Sun”
Animal spirits are involved in a whole lot of our decision making. The famous economist, John Maynard Keynes knew this all along. Continue reading “Animal Spirits Peer Pressurin’ Keynes”
For the past year, I have been religiously going to the gym and exercising. It has been a wonderful way for me to relieve some stress and not turn into a walrus. But, for a while, I was working out alone. One day, a fellow graduate student made the first move and invited me to workout with him. Since then “the gains” have become much more noticeable.
Looking back at our lives, it is easy to point out the pivotal choices that determine where we are today. These decision-pebbles create ripples in the outcome-ponds of our lives. Often, we harp on the seemingly mundane decision that caused a traumatic event. “Had I just picked up the phone, I could have prevented X from happening!” or “Gosh, had I just chosen to go my usual way home, I wouldn’t have totaled my car!” It seems as if that one decision put our whole lives off balance. Continue reading “Your Life Is In Disequilibrium”
The political discussion on marijuana is mostly focused on the consumer side of things. Namely, about deterring our kids from flying through the drug abuse gateway and becoming dangerous at worst or unproductive at the very least.
However, directing the discussion toward the supply side, might provide some important insights and a nicer yield.