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August 11, 2007



"The Lucas critique": I love the way you attribute samples of the Bleedin' Obvious to economists. Personally, I'd be tempted to attribute that critique to my dear father, except that probably Aristotle got there before him. And the founders of Sumer before him. And the hunter-gatherers of the Serengeti before them.


You're right. Tehre is a statistical problem with it. What inititaly appears the fairest way does not always pan out that way.


Or how about the following:
The home captain decides on the number of runs that he considers represents the advantage of batting first (e.g. 100 runs). He offers a choice to the visiting captain of either (a) accepting the bonus 100 runs and batting second, or (b) batting first. (The bonus runs could be negative if it's a bowler-friendly track.)

Mark Wadsworth

This economic stability is 50% luck and 50% fudging the figures, the Goblin King has done a lot of teeming and lading to ensure at least a small amount of growth in each quarter.

I don't think that The Badger will be anywhere near as lucky or have the same scope to fudge the figures.

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