Archive for July 30th, 2012

Economics of Punctuality

July 30, 2012

Here is another gem from Prof. Kaushik Basu and Jorgen Weibull. His earlier paper on choosing to paying taxi fare which was against rationality was superb as well.

In this paper he talks about punctuality. Just like his taxi paper I heard him talk about some of his research on punctuality as well. This made me dig into the paper which was quite a fun read as well. It is

In nut shell paper says punctual or non-punctual behavior is not because of cultural issues. It is simply an equilibrium response  to what time they are expected to arrive etc.

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World’s top young economists discuss where economics is going

July 30, 2012

Link to the discussion is here.  The eight econs in the discussion are:

Chetty, Gabaix, Leeson, argue for using behavioral econ to enrich their studies…Way to go…

Each one lists how to better state of econ…Nice read on forthcoming research from the top young minds

Conducting elections in the world’s largest plural society

July 30, 2012

The largest society is of course India.

This is just an amazing lecture by Dr. S. Y. Quraishi, Chief Election Commissioner of India (30-Jul-10 to 10=Jun-12). This was given in part of this annual lecture series – Nand & Jeet Khemka Distinguished Lecture Series.

I am not sure where to begin and end this lecture. Here is how ECI started:

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