Economics Everywhere

(Continued here) This graduate student is simply NAIVE and lazy. I am much better: SOPHISTICATED and lazy. I did not carry papers and so on to my ski trips. (From Ph.D. Comic.)

経済学でのNaiveとSophisticateｄの違いが分かりやすい例。この大学院生がNaiveで僕がSophisticated。僕はスキー旅行に論文なんか持って行ったことはない。どちらも怠けものには違いがないが。

Difference between Risk and Uncertainty

An inflation caused another one.

A price discrimination at the breakfast venue in my hotel at Vail.

価格差別の例（コロラド・ベイルでの定宿の朝食レストランにて。）

Accounting practices matter. I heard somewhere that Americans eat more vegetables than Japanese, which I could not believe but now I do.

「会計基準」の影響：アメリカ人は日本人よりも平均して野菜を沢山食べるそうだ。

This guy does not understand the adverse selection.

(at the University of Michigan campus)

逆選択を理解したほうがいい。

（ミシガン大学キャンパスにて)

Inflation and Deflation everywhereインフレ・デフレはあちこちに。