An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
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The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist
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Economist should be spelled echonomist, because they all repeat each other. ?
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And so, at the end of our tale on sports is a message for economists. Perhaps we should stop insisting that all models have rational foundations. If our aim is to develop models that describe how actual people behave, we need to focus on how people actually make decisions. To take any other course of action in the face of all the evidence that has been presented is simply...okay, it's simply irrational. David J. Berri and Martin B. Schmidt
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