Sunday, October 21, 2007

Econlinks for 21 Oct '07

  • Preston McAfee brings a second noteworthy innovation to Economic Inquiry (I also blogged about the first one since he came as editor to that journal): "We now have a miscellany section. Miscellany operates like the JPE section of the same name, publishing humor and curiosities. Humor is purely a taste determination and being funny for an academic is like being tall for a dwarf. Submissions for the miscellany should indicate so on the manuscript. A good idea is to title the paper "Miscellany: The Simple Economics of Complexity." " The quote was from the the page on the policies of the Economic Inquiry. See more on this from the new editor of the Economic Inquiry humor section (with hints of how humorous that would be).

  • The Right vs. Left Brain test (via Tyler Cowen on MR). I have to confess that I only see the ballerina spin clockwise, no matter how hard I try to spot also the reverse spinning (apparently most people can only see the anti-clockwise spinning: that is very curious for me). Right hemisphere use and risk taking behaviour it is, then (the rest of the characteristics associated with one or the other type are pure speculation, I'd say).

  • The economics of gold digging, via Steven Levitt. The most interesting part is Levitt's discussion of the initial female Craiglist post and the succesive male answer. In particular the following Levitt quote should be saved for future reference; it suggests there is still hope in this profession, despite the initial odds :-)

"I wouldn’t expect male economists to marry very well. Firstly, they tend to think like the guy who wrote this letter. Secondly, they tend to be nerds. Thirdly, they make very little money when they are young because they get so much education, even though their lifetime income is quite high. Yet I think it is fair to say that the economists I know have married stunningly well (myself included). We’ve all been puzzling over this fact for the fifteen years I have been in the profession. As of yet, no one has come up with a good explanation. I doubt it could be perfect foresight on the part of the women we marry."

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