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A quick rule of thumb is that when someone seems to be acting like a jerk, an economist will defend the behavior as being the essence of morality, but when someone seems to be doing something nice, an economist will raise the bar and argue that he’s not being nice at all.
Econ debate about prices at a fancy restaurant « Statistical Modeling, Causal Inference, and Social Science

Source: andrewgelman.com

  • 1 month ago
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