Sunday, August 21, 2005

Wasting to impress :: Mahalanobis

When I read about this research I was as impressed as Mahalanobis. I told my wife. Her reaction: "This is news to you?"


Anonymous Acad Ronin said...

I have long felt that utility functions that use only absolute wealth as their argument are mis-specified. At the very least they should include relative wealth, or even better, relative status.

12:25 AM  

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