“Woe is me,” says the Economist

“Once upon a time in New York City there lived a man and a woman who had separate rent-controlled apartments, but their relationship had reached the point at which they were using only one of them. The woman suggested to the man that they give up the other apartment. The man, an economist, explained to her a fundamental principle of his subject: it is always better to have more choice available. The probability of their splitting up might be small but, give even a small risk, it would be useful to retain the second low-rent apartment. The woman took this very badly and promptly ended the relationship!”

::sigh::

I guess you can be TOO rational. Maybe I should change my major from Economics to Finance… hahaha

posted : Wednesday, May 20th, 2009

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