Jane Galt (Megan McArdle), "A really, really, really long post about gay marriage that does not, in the end, support one side or the other"
He wishes he had never entered the funhouse. But he has. Then he wishes he were dead. But he's not. Therefore he will construct funhouses for others and be their secret operator - though he would rather be among the lovers for whom funhouses are designed.
Showing posts with label Galt Jane. Show all posts
Showing posts with label Galt Jane. Show all posts
15/09/2010
Sample Selection Bias for Laypeople
Now, economists hear this sort of argument all the time. "That's ridiculous! I would never start working fewer hours because my taxes went up!" This ignores the fact that you may not be the marginal case. The marginal case may be some consultant who just can't justify sacrificing valuable leisure for a new project when he's only making 60 cents on the dollar. The result will nonetheless be the same: less economic activity.
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