Wednesday, March 24, 2010

You Know You are an Economist When

  • You continually include "optimize", "budget (set)" and "limit tends to" in your vocab without even realizing it
  • You trying figuring out if you have smooth, convex preferences
  • You wonder if and how much to save, keeping in mind "The Paradox of Thrift"
  • You make Economics jokes (you reach heights when you can incorporate "neighbourhoods" and "open balls" in the jokes- if you don't understand this, don't bother, you are safe!)
  • People around you understand your jokes or give a puzzled frown
  • You assume and predict
  • You claim to understand most phenomena in the world with an "epsilon" error term
  • Epsilon is sufficiently small to suit your model but big enough to create a major disturbance
  • Data doesn't suit your fancy models
  • "In the Long Run we are all dead!" is knowledge to you!
P.S. This list is not exhaustive, suggestions and additions are welcome

Pinged from my blog.

5 comments:

stinky said...

When convergence and divergence are the only terms that come to your mind to tell others to part or meet in crowded areas.

asterixa said...

true :)

n when while saying "stable" or "unstable", the kind of oscillations flash in to your mind!

stinky said...

And the first thing that you do on hearing information is judge if its discrete or continous.

Like shampoo satchets are discrete but shampoo from bottle is continous

Unknown said...

this is smply brilliant...nly a presi eco cn write dis...

Unknown said...

n ya,hw cn u 4gt abt equilibrium & disequilibrium..we alwz apply dem while definin almost anythng..upto relationshps..