Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Friday, September 30, 2005

Economics or Pop Psychology?

AGAIN, I CAN'T REALLY DECIDE if this is economics or pop psychology? What does the "$1,000" figure matter in the first place? It's not like we can measure costs. One outcome is simply more costly (in a general sense, not just a purely monetary sense) than the other, based on their psychological speculations.

Big frickin' deal.

Source:
http://www.marginalrevolution.com/marginalrevolution/2005/09/why_you_buy_ins.html

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