tag:blogger.com,1999:blog-2340684310301784591.post6664855894146051835..comments2024-01-03T19:16:07.361+08:00Comments on Arrested Development: Tuesday Bog Roll ReadingsElanorhttp://www.blogger.com/profile/15447273349249042635noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2340684310301784591.post-15902637668566207672007-03-28T14:07:00.000+08:002007-03-28T14:07:00.000+08:00to me economic skills are never simple. as an eg.,...to me economic skills are never simple. <BR/><BR/>as an eg., in any proposal, the board wants the technical team to focus on performance goals and ask things like, in the case of car manufacturer, can they build cars that cater to specific target areas like car safety, power greatness, fuel consumption, whatever..<BR/><BR/>from the economics POV, the board will want answers which include Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2340684310301784591.post-4080671861740256932007-03-28T13:06:00.000+08:002007-03-28T13:06:00.000+08:00Economics is hard precisely because it is not amen...Economics is hard precisely because it is not amenable to common sense.zcerhttps://www.blogger.com/profile/12635799267909581959noreply@blogger.comtag:blogger.com,1999:blog-2340684310301784591.post-49294898753472691862007-03-28T13:02:00.000+08:002007-03-28T13:02:00.000+08:00I think we are experiencing some confusion among l...I think we are experiencing some confusion among levels of reasoning here. Thinking about common sense, and common sense itself, are two very different things.<BR/><BR/>Common sense being the subject of our study we cannot think about common sense in a commonsensical way because common sense doesn't deal with dealing with common sense.<BR/><BR/>It doesn't help for him to tell students that zcerhttps://www.blogger.com/profile/12635799267909581959noreply@blogger.comtag:blogger.com,1999:blog-2340684310301784591.post-25137685171445797592007-03-28T09:14:00.000+08:002007-03-28T09:14:00.000+08:001. Economics is very very loosely based on what ha...1. Economics is very very loosely based on what happens collectively when everyone do things in a commonsensical way.<BR/><BR/>2. For Don's article, the key point is "consistently", which basically means everyone, everywhere, and all the time. Just common sense is not enough.Elanorhttps://www.blogger.com/profile/15447273349249042635noreply@blogger.comtag:blogger.com,1999:blog-2340684310301784591.post-47686438206718625212007-03-28T01:11:00.000+08:002007-03-28T01:11:00.000+08:00Hmm, the DIY economics article does better to illu...Hmm, the DIY economics article does better to illustrate how common sense reasoning can lead to false conclusions. I don't think applying common sense consistently is of any use in economics. Common sense is common. It is a set of separate intuitive ideas we have about the world as we commonly experience it. It is mostly consistent in ordinary life because the separate intuitions we have for zcerhttps://www.blogger.com/profile/12635799267909581959noreply@blogger.comtag:blogger.com,1999:blog-2340684310301784591.post-37178612523021682492007-03-27T23:23:00.000+08:002007-03-27T23:23:00.000+08:00haha..and I thought only my golf swings are so con...haha..and I thought only my golf swings are so consistently inconsistent !!<BR/><BR/>feliz..Anonymousnoreply@blogger.com