Seinfeld — Half a Can of Soda

Jerry is tired of how much food Kramer eats and doesn’t pay for, but Kramer has offered to keep a tab for himself and will write down every time he consumes something so he can pay Jerry back. Jerry discovers a half full can of soda in the fridge and asks Kramer if it’s his, but Kramer believes he can purchase just half a can of soda. Jerry has to explain to him that items like soda and fruit have to purchased in discrete units, not continuous units.

Thanks to Daniel Stone for the suggestion!

#Useinclass for teaching discrete vs continuous vars:

"You cannot buy half a can of soda!"https://t.co/CI094tp0FS @EconMedia

— daniel f stone (@d_f_stone) October 22, 2018

2018 1

Jerry Seinfeld — Morning Guy

In one of Seinfeld’s monologues he covers the time inconsistencies between people’s decisions late at night versus the next day. In his latest Netflix special, Jerry Before Seinfeld, goes through the bit again with some updates. While we assume people to be rational in many models, people do odd things with respect to their own-selves that they may not do if they were forward thinking. This time inconsistency creates a lot of opportunities for discussions of procrastination, overconfidence biases, and other behavioral anomalies.

If you want more economics and Seinfeld, check out YadaYadaYadaEcon.com!

2018 0

Jerry Seinfeld — Enough comedy?

Jerry Seinfeld asks where we can we ever have enough comedy on tv? Is there a point where diminishing returns kicks in and people no longer want any more chuckles?

2017 0