Tuesday, May 31, 2011
Tuesday, May 24, 2011
Tuesday, May 17, 2011
Two Economists
An experienced economist and a not-so-experienced economist were walking down the road. They came across a pile of horse manure lying on the asphalt.
Experienced economist: "If you eat it I'll give you $20,000!"
The not-so-experienced economist ran his optimization problem and figured out he's better off eating it so he did and collected the money.
Continuing along the same road they came across another pile of horse manure.
The not-so-experienced economist said, "Now, if YOU eat this I’ll give YOU $20,000."
After evaluating the proposal the experienced economist ate it and collected the money.
They went on. The not-so-experienced economist started thinking, "Listen, we both have the same amount of money we had before, but we both ate horse manure. I don't see us being better off."
The experienced economist replied, "Well, that's true, but you overlooked the fact that we've been just involved in $40,000 of trade."
Experienced economist: "If you eat it I'll give you $20,000!"
The not-so-experienced economist ran his optimization problem and figured out he's better off eating it so he did and collected the money.
Continuing along the same road they came across another pile of horse manure.
The not-so-experienced economist said, "Now, if YOU eat this I’ll give YOU $20,000."
After evaluating the proposal the experienced economist ate it and collected the money.
They went on. The not-so-experienced economist started thinking, "Listen, we both have the same amount of money we had before, but we both ate horse manure. I don't see us being better off."
The experienced economist replied, "Well, that's true, but you overlooked the fact that we've been just involved in $40,000 of trade."
Tuesday, May 10, 2011
Tuesday, May 3, 2011
Inspection Desired
Tuesday, April 26, 2011
The Real Meaning of Temperatures in North Dakota
Real Meaning of Temperatures in North Dakota
60 above zero: Floridians turn on the heat. People in North Dakota plant gardens.
50 above zero: Californians shiver uncontrollably. People in North Dakota sunbathe.
40 above zero: Italian & English cars won't start. People in North Dakota drive with the windows down.
32 above zero: Distilled water freezes. The water in North Dakota gets thicker.
20 above zero: Floridians don coats, thermal underwear, gloves, wool hats. People in North Dakota throw on a flannel shirt.
15 above zero: New York landlords finally turn up the heat. People in North Dakota have the last cookout before it gets cold.
Zero: People in Miami all die. People in North Dakota close the windows.
10 below zero: Californians fly away to Mexico People in North Dakota get out their winter coats.
25 below zero: Hollywood disintegrates. The Girl Scouts in North Dakota are selling cookies door to door.
40 below zero: Washington DC runs out of hot air. People in North Dakota let the dogs sleep indoors.
100 below zero: Santa Claus abandons the North Pole. North Dakotan's get upset because they can't start the Mini-Van.
460 below zero: ALL atomic motion stops (absolute zero on the Kelvin scale.) People in North Dakota start saying..."Cold 'nuff fer ya?"
500 below zero: Hell freezes over. North Dakota public schools will open 2 hours late.
60 above zero: Floridians turn on the heat. People in North Dakota plant gardens.
50 above zero: Californians shiver uncontrollably. People in North Dakota sunbathe.
40 above zero: Italian & English cars won't start. People in North Dakota drive with the windows down.
32 above zero: Distilled water freezes. The water in North Dakota gets thicker.
20 above zero: Floridians don coats, thermal underwear, gloves, wool hats. People in North Dakota throw on a flannel shirt.
15 above zero: New York landlords finally turn up the heat. People in North Dakota have the last cookout before it gets cold.
Zero: People in Miami all die. People in North Dakota close the windows.
10 below zero: Californians fly away to Mexico People in North Dakota get out their winter coats.
25 below zero: Hollywood disintegrates. The Girl Scouts in North Dakota are selling cookies door to door.
40 below zero: Washington DC runs out of hot air. People in North Dakota let the dogs sleep indoors.
100 below zero: Santa Claus abandons the North Pole. North Dakotan's get upset because they can't start the Mini-Van.
460 below zero: ALL atomic motion stops (absolute zero on the Kelvin scale.) People in North Dakota start saying..."Cold 'nuff fer ya?"
500 below zero: Hell freezes over. North Dakota public schools will open 2 hours late.
Tuesday, April 19, 2011
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