Tuesday, October 05, 2010

Econlinks: Kamelåså et al

  • Before I come up with my Econ Nobel forecast -- a week to go, stay tuned-- let us take a look to the 2010 Nobel Ig prizes related to Economics. The Economics Ig Nobel itself is perhaps not very unexpected this year--though not very creative either (I wonder whether Oliver Stone is behind this too; his latest movie gets pretty mediocre reviews-- IMDb, RottenTomatoes-- despite all the hype). The "Management" Nobel Ig reads much better (but I still need to check out that paper): "Alessandro Pluchino, Andrea Rapisarda, and Cesare Garofalo of the University of Catania, Italy, for demonstrating mathematically that organizations would become more efficient if they promoted people at random. REFERENCE: “The Peter Principle Revisited: A Computational Study,” Alessandro Pluchino, Andrea Rapisarda, and Cesare Garofalo, Physica A, vol. 389, no. 3, February 2010, pp. 467-72."

  • Mankiw's excellent advice for all new college freshmen. Do learn some Economics, Statistics, and Finance, (ok, even Psychology, though this is second order) for your own sake... Couldn't have phrased it better.

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