Robinson Crusoe Economy
Sequential Games
Market for Lemons
Insurance
Cournot and Stackelberg
Wednesday, November 28, 2007
Tuesday, November 27, 2007
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
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
Monday, November 26, 2007
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.
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.
Friday, November 16, 2007
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!
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!
Tuesday, October 23, 2007
Sunday, October 21, 2007
Tuesday, October 9, 2007
No worries
I just remembered, I wanted to update my readers on something.
Ever since Miroris, I have not worried. I think I have put on weight, and that's a good thing, because I'm happy. Worry really does eat away at the bones, as a very wise man said in Proverbs.
I think something my budz said was stunningly accurate. When you stop thinking that you can't live without something, you stop worrying you will lose it, and in so, you keep what you want.
Ever since Miroris, I have not worried. I think I have put on weight, and that's a good thing, because I'm happy. Worry really does eat away at the bones, as a very wise man said in Proverbs.
I think something my budz said was stunningly accurate. When you stop thinking that you can't live without something, you stop worrying you will lose it, and in so, you keep what you want.
Driving test approaches...
I am really looking forward to my driving test. This is in no way an indication of how confident I am, because I can assure you, I'm not one bit confident. I still make silly mistakes once in a while, like lifting up the clutch too early and making the car jerk, or moving off too slowly at traffic light junctions. I still get nervous and sweaty whenever I have to make a U turn or a right turn at a complicated junction.
It was only when I started driving as an 'L' plate learner, that I began to appreciate the difficulties a driver has. I still find it amazing, the amount of coordination that is going on, between signals, motorists, and within the driver himself, between his brain and limbs. I find it miraculous that:
- when the light turns amber or red, everyone steps on the brake pedal and slows down.
- thousands of fast speed vehicles safely changing lanes at any one time on the roads.
I can't wait for the driving test experience! I may not pass. But still I think its exciting. And for the kind well-wishers out there, its on 22nd October, thats next next monday. Keep me in your prayer, do. I'll be grateful!
It was only when I started driving as an 'L' plate learner, that I began to appreciate the difficulties a driver has. I still find it amazing, the amount of coordination that is going on, between signals, motorists, and within the driver himself, between his brain and limbs. I find it miraculous that:
- when the light turns amber or red, everyone steps on the brake pedal and slows down.
- thousands of fast speed vehicles safely changing lanes at any one time on the roads.
I can't wait for the driving test experience! I may not pass. But still I think its exciting. And for the kind well-wishers out there, its on 22nd October, thats next next monday. Keep me in your prayer, do. I'll be grateful!
Tuesday, September 25, 2007
melancholy
The boy is sad, and so I am.
It's not the same as the boy is sad, and so am I.
You get my drift?
It's not the same as the boy is sad, and so am I.
You get my drift?
Sunday, September 23, 2007
An economic perspective...
Let there be 2 goods. Time spent alone and time spent with you.
Let there be 2 agents. Me and you.
Is it possible to find a Pareto efficient outcome that will make both of us happy? Who would the results skew to?
We want to max our utilty subject to the time constraint.
max u(time alone, time spent wth you) s.t. t = 24 x 7
The question remains. What does our individual utility function look like?
Let there be 2 agents. Me and you.
Is it possible to find a Pareto efficient outcome that will make both of us happy? Who would the results skew to?
We want to max our utilty subject to the time constraint.
max u(time alone, time spent wth you) s.t. t = 24 x 7
The question remains. What does our individual utility function look like?
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