Sunday, January 3, 2016

good sentences

Hoff and Stiglitz on the coordination utility of fads: "It is hard to conceive a single individual in isolation enjoying a hula hoop."

I think they mean: it's hard to conceive a single economist in isolation enjoying a hula hoop.* Introspection as a source of data is subject to severe selection bias.

*But I'm happy to provide a counterexample.

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