Sunday, March 18, 2012

Dan Dolan for Congress

Mr. Dolan is a friend of mine who trusts me to teach his children.  He also built my home.  We often talk about economics.  Recently, Mr. Dolan gave a speech at the democratic convention.  After the speech someone asked Dan if he had just spoke at the wrong convention since Dan was a republican.  This story has made all of the major media including Fox New and Huffington Post.

Economists often talk about asymmetrical information.  Usually incomplete information leads to negative externalities, but in Dan's case positive.  I conclude that predicting human behavior isn't for me.


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