| gokul |
Posted
on 19-Nov-01 09:10 AM
An economics journal article should be like a woman's skirt: short enough to be provocative; long enough to have something substantial underneath.
An econometrician E.M. left his office after a long day of doing estimations. When arriving at the parking lots, he could not find his car because he could not remember the exact place where he left it. After pondering a while, he stopped at an empty lot and started cursing, "they stole my car, those bloody bandits". He called in the police who started taking notes after arrival. A friend from the history department passed along. After listening to what had happened he said, "hey, your car is 25 meters over there, didn't you realize?" The econometrician said, "Can't be, this is the mean value of the distribution of my past choices of lots".
A Scorpion begged a Frog to carry him across the river because he could not swim. The Frog hesitated for fearing being stung by the Scorpion. The Scorpion said: "Don't worry, you know I won't sting you since we will both get drowned if I do that". So the Frog carried Scorpion across the river. But in the middle of the river, it happened--the Frog got a sting. Before he died, the Frog asked Scorpion in disbelief: "I don't understand why you did this!?" "Because I am not a game theorist and you are", replied the Scorpion.
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| Gandhi |
Posted
on 09-Dec-01 03:04 PM
Final Exam
This past fall semester, at Duke University, there were two sophomores who were taking Economics and who did pretty well on all of the quizzes and the midterms and discussions, etc, such that going into the final they had a solid 'A'. These two
friends were so confident going into the final that the weekend before finals week, even though the ECON final was on Monday just before noon, they decided to go up to University of Virginia and party with some friends up there. So they did this and had a great time.However, with their hangovers and everything, they overslept all day Sunday and didn't make it back to Duke until early Monday morning.
Rather than taking the final then, what they did was to find Professor Alfred after the final and explain to him why they missed the final. They told him that they went up to UVA for the weekend, and had planned to come back in time to study, but that they had a flat tire on the way back and didn't have a spare and couldn't get help for a long time and so were late getting back to campus.
Alfred thought this over and then agreed that they could make up the final on the following day. The two guys were elated and relieved. So, they studied that night and went in the next day at the time that Prof. Alfred had told them. He placed them in separate rooms and handed each of them a test booklet and told them to begin.
They looked at the first problem, which was something simple Malthusian definition of economics and was worth 10 points. "Cool" they thought, "this is going to be easy." They did that problem and then turned the page. They were unprepared, however, for what they saw on the next page.
It said:
Question 2: Which tire?............................................ (95 points)
A variation from Funny.com
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