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(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。
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