geek!daily

Economics & Fishing

Anyone ever notice that nearly every reading in economics involves a fishing story?

I think it's so economists can deduct fishing vacations as research.

Procrastination is ...

If you read up on economics, you know that finding the value of utility is one of the core, elusive bits folks would like to be able to calculate; if they could, they'd be able to predict with fair accuracy how markets will react to a given phenomenon. Piers Steel, a professor from Univ. of Calgary, has factored in procrastination. Neat!

Link: A formula for procrastination | CNET News.com. [via]