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Behavioral economics
Michael, at www.2blowhards.com offers a useful post on behavioral economics, replete with useful links. For instance, this interview with Gary Becker offers Becker's criticisms of this movement, scroll toward the end, if you don't read the whole thing. You also can read about how Becker came upon the economics of crime and punishment while looking for a parking spot: "I started thinking about my chances of getting caught..."
Posted by Tyler Cowen on October 18, 2003 at 04:19 PM in Economics | Permalink
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» Where did Becker Park? from Truck and Barter
Assuming an average walking speed of 5 feet per second, in 10 minutes Becker walked 10*60*5 of 3000 feet or 3000/5280= .57 mile. Let's say he walked a little over half a mile or 10 city blocks. That's pretty damn far to walk if he parked illegally--and... [Read More]
Tracked on Oct 19, 2003 6:11:18 PM
