A game comparing intrinsic values can approximate a person's utility function.
First joke: An economist can answer any question phrased in terms of money.
Second joke: An economist receives a call from his artist friend. The artist is flying in to town, would like to visit the economist, and needs to be picked up at the airport. The economist agrees, and pays a cab to pick up the artist. The artist arrives by cab and demands an explanation for this slight. The economist explains that the opportunity cost of personally performing the favor was higher than the cost of a cab. The artist then tears up a bush in the front lawn of the economist, explaining:... (read 1697 more words →)