tag:blogger.com,1999:blog-6598831864333990375.post381639925951364180..comments2023-05-08T04:01:34.561-08:00Comments on Students Who Enjoy Economic Thinking: I Will Only Notice You When Your NOT AroundAdam Levyhttp://www.blogger.com/profile/15257124483756325652noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6598831864333990375.post-53836557175115872812009-10-27T23:03:57.866-08:002009-10-27T23:03:57.866-08:00Indeed Robin, as a finance major my first instinct...Indeed Robin, as a finance major my first instinct was to look into the potential persons balance sheet, future earnings and calculate a NPV and go after the most "valuable" one in terms of dollars. Now that I've been abducted by the economists and half converted I see utility is a far more inclusive unit of measure rather than dollars. I resolve to date only people who bring me maximum utility, and if having a high NPV increases utility so be it but there is more to utility that NPV, like good looks for instance and other skills.<br /><br />Ok ok I'm defiantly at least half joking but I once listened to a rich man say that we can play pool. Even though we don't know the geometry, mathematic, and physics of it and certainly we don't literally calculate our shot. Yet we can play all the same. Instead we are able to automatically approximate all this to such a great degree that we play pool just fine. In the same way I would argue we look for someone who will bring us maximum utilty. Although it is complex beyond reason and we will never have perfect information, we do approximate utility on a continually and automatic process. I might even go so far to say that if you follow your heart its just like taking a shot in pool, you don't do the physics but it just works.NewsConnectionshttps://www.blogger.com/profile/10859440957593787660noreply@blogger.comtag:blogger.com,1999:blog-6598831864333990375.post-4236580233041697462009-10-27T20:42:01.225-08:002009-10-27T20:42:01.225-08:00I'd be interested in running the numbers and g...I'd be interested in running the numbers and getting a demand curve together for yours truly. I'm guessing it's very inelastic.UDOhttps://www.blogger.com/profile/16797455822014965844noreply@blogger.comtag:blogger.com,1999:blog-6598831864333990375.post-33549208716066860972009-10-27T19:29:11.847-08:002009-10-27T19:29:11.847-08:00(not my real post) it's amazing how much econo...(not my real post) it's amazing how much economic theory can apply to the dating world. :)Robin Burkehttps://www.blogger.com/profile/12383287028839175025noreply@blogger.com