Micro exam

Robinson Crusoe Economy
Sequential Games
Market for Lemons
Insurance
Cournot and Stackelberg

Micro 2

I'm feeling very restless now, this is what afternoon papers do to me. Suspend you in a limbo, when the time passes much too fast, and much too slow.

Its at 5pm.

To illustrate the magical concept of time and the precious information which it reveals.
I shall attempt to guess which questions will be presented in the exam.

and in about 6 hours time, I shall return, and tell you what was tested.

I think the following will be tested:

Theory of the firm.
Bargaining
Incentives Contracting
Uncertainty and insurance
robinson crusoe economy
Stackelberg
Collusion

The hole in the Bridge

I was reading Crystal's latest entry when I was struck by her account of her baby cousin, she wished him; "may you always be honest about the things you love".

In fact, that's what I want to be. But in this world, being honest about the things you love, means vulnerability, to the object of love as well as to the whole world. The world has become such a cynic. And we mask our love in every other contrary thing, to make us look invincible, and powerful.

A very meaningful conversation with the boy that day taught me something about myself. I told him about a time bridge that extents from now to 3 years from now, and I told him about the little hole in the bridge, and the fear I have that we cannot jump over that hole.

Then he told me that if I were to cross that bridge and come to that hole, I would actually realize its not that big a deal, but from far it looks more dangerous than it really is. And the problem with me, he said, is that I let the hole become my world, and lose sight of the bridge. It was thought-provoking. That happened a few days ago, and yet I have been chewing on it.

I really wish I can keep up my worry-free state of living.

The exams are here again. And we have confirmed our air tickets to sweden. We fly on the 8th of January at an untimely hour.

I am fascinated by stories. Amazing how people can come up with characters, larger than life, that commands people to believe them, love them, hate them. I do admire actors too, not for their fame, or looks or money, but for their sheer love, and service they do to such characters, in giving them a life, a time, and a space in our 3 dimensional universe.

The versatility of good actors is like a fine canvas. They lend their bodies, face and time to art, and the audience's amusement.

What a wonderful life!