Archive for the ‘Economics’ Category

The Magic Of Numbers

Friday, October 17th, 2008

I’ve been hit twice today by the majesty of numbers, by their capacity to throw up surprising results that fly in the face of all expectations.

The first time was when I was working through some simultaneous equations earlier. Nothing special there, until something happened that made me very nervous about pursuing any future career in economics, illustrating to me what a disaster could ensue by the very smallest slip-up in my modelling.

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PhD ≈ a-OK

Thursday, September 18th, 2008

Today’s been two days in one.

It’s not that I’m particularly busy, since I couldn’t honestly claim that this is the case. It’s just that my day in the office started at 06:30 and is scheduled to finish at 22:15.

This was totally the norm three years ago, when I was covering three positions. My timesheet once showed 92.25 hours once.

Somebody once asked me how it’s possible to work 92.25 hours in a single week, so here’s a quick explanation:

  • Saturday, Sunday, Monday = 15 hours
  • Tuesday, Wednesday, Thursday = 13 hours
  • Friday = 8.25 hours

I’m not slipping into bad habits though: I’ve had a few hours off around lunchtime.

So how does this pertain to now?

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Deadweight Loss To Society

Friday, August 8th, 2008

I tend to tut-tut when do-gooders determine that conventional language use must be changed to avoid upsetting people. I should no longer allowed to select from black or white coffee, for example, in some people’s eyes.

Well, I now need to apply these people’s approach to my own work.

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