One interesting thing about economic research was the importance of theorizing human behavior (although humans are always profit & benefit maximizing and cost-minimizing in econ models) before analyzing the data. It was actually “verboten” to use data mining techniques to identify a pattern, and then tell the story, because 1) econ has serious p-envy (physics envy) and likes to follow […]
In my first blog entry, I wrote about how the reason I started econ grad school was because of Ronald Coase’s 1937 essay. Ronald Coase’s main idea was that the reason there are such things as “firms”, is because there is a nontrivial transaction cost, or the cost of organizing market transactions.
This got me thinking […]
Everyone has a story about their first WOW moment on the “Internet”. Mine was back in 1994, when I logged in on a green VAX terminal, and onto Usenet, the precursor to online forums. I still remember the wonder and excitement that there were “real people” online, complete strangers with funny handle names, sharing tips […]
The short answer is “because I am fascinated with social software the same way economic theory fascinated me 10 years ago.” But for the long-winded backstory (and backstories are always more interesting than the short answer) here goes –
6 years ago, around this time of the year, my daily ritual consisted of digging my […]
