Good Will Hunting — Value of a Degree

In this iconic scene from Good Will Hunting, Matt Damon gets into a confrontation at a bar with an undergrad who is trying to embarrass his friend who is trying to impress a group of young women. In the process of humiliating the other student, the two get into a key distinction on the value of a college degree. Someone could obtain the same knowledge of a college degree from accessing a public library, but the lack of an actual degree (a signal perhaps) limits the job opportunities available for many.

Thanks to Charlie Clarke for the post!

Downsizing — Private vs Social Perspective

 

 

A scientist has created a way to solve overpopulation: shrinking people down to a fraction of their size and having them live in small communities. The movie shows a man (Matt Damon) at a company lecture and consulting with a realtor for a home in a small community. The interaction between the two demonstrates the personal and social tradeoffs of a positive externality. The family shrinking themselves down is doing it for personal reasons, namely to save on living expenses and to no longer work, but there are social benefits at play as well. Having everyone shrink to a fraction of their size can help alleviate overpopulation and reduce human waste.

Thanks to Amanda Yaya for the suggestion

The Bourne Identity — I Need a Ride

Jason Bourne, played by Matt Damon, asks a cash-strapped young woman (Franka Potente) for a lift while Conklin (Chris Cooper) musters all of his forces to find him. Both parties have something that the other one needs, so a mutually beneficial trade occurs. This clip really highlights the concept of double coincidence of wants.

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