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Tuesday, April 01, 2008
the economics of marriage
10:02 PM
the economist sense of humour:
do you, principal, take this agent to give you the maximum expected utility possible under your budget constraints and bilateral asymmetric information, through diminishing marginal returns, accepting the risk of adverse selection, tolerating moral hazrd, assuming stable preferences, in a good state and bad, until the long run when you are dead?
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