Credible Commitment

20 October 2011 at 12:04 pm 3 comments

| Peter Klein | A rather extreme form of the Schelling strategy of tying one’s own hands:

Courtesy of the indispensable Fail Blog.

Entry filed under: - Klein -, Ephemera.

Self Employment, Entrepreneurship and Economic Growth Papers of Interest from the NSF’s Call for Long-Term Research Agendas

3 Comments Add your own

  • 1. Nicki Brøchner  |  21 October 2011 at 3:55 am

    One thing is sure, the last girl isn’t an economist – Just think about it, getting a child is expensive just to reduce the cost of smoking ;)

  • 2. Randy  |  21 October 2011 at 9:00 am

    Nicki, what would you say about the marginal value of an economist’s time spent searching for items like this post?

  • 3. Peter Klein  |  21 October 2011 at 9:01 am

    Who’s an economist?

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