eh..

I'll post up internet article/website finds that appear interesting/funny. Will be updated on a "bored" timing method, which will mainly occur during peak study times. More or less, I'm using this to experiment and play. That and to compete with or add to a friend's blog. Enjoy. Updating will begin promptly.

Like now? (if you're not going to read the article skip to the bottom and just read the question)

This article http://articles.latimes.com/2008/jan/13/opinion/op-schermer13 illustrates the one of the fundamental assumptions in economics is simply that: an assumption. People are not rational maximizers. They are led by emotions and will do things that do not necessarily better themselves, but make themselves better than everyone else. Essentially willing to sacrifice more money, so long as they earn more than everyone else. Just an interesting read if time permits.

Would you rather be A or B?
-A is waiting in line at a movie theater. When he gets to the ticket window, he is told that as he is the 100,000th customer of the theater, he has just won $100.
-B is waiting in line at a different theater. The man in front of him wins $1,000 for being the 1-millionth customer of the theater. Mr. B wins $150.


(Most people say they would rather be A. Why is this? because "relative social ranking trumps absolute financial status")