It’s funny because it’s true …
I suspect this is part of the reason why none of the economists I know play board games together …
Source SMBC.
It is true though, if you ever come out for drinks with us this is how we talk … hell, that is even how I plan on dressing in a few years time 😉
Update: Eric Crampton points out another way of interpreting the comic:
Wait…maybe the comic means that there’s optimally a separating equilibrium. The all-economist games that are fun, and the non-economist games that would be far far less so….
I have to admit, if I was the little kid in this situation I would find the ranting about economics entertaining rather than scary – so Eric’s explanation makes sense to me. When I was a little kid I liked to be the banker outside of the actual Monopoly game and have loans in the game, which would involve negotiating over interest rates – I thought it was brilliant but no-one else did …
BS. Caplan DMed an all-economist D&D game at GMU; it was awesome. The awesomist bit of awesome that ever awesomed. We also ran all-economist sessions of Diplomacy. You try and make a credible commitment to Robin Hanson, even if you plan to follow through. Not easy.
Wait…maybe the comic means that there’s optimally a separating equilibrium. The all-economist games that are fun, and the non-economist games that would be far far less so….
@Eric Crampton
“Wait…maybe the comic means that there’s optimally a separating equilibrium. The all-economist games that are fun, and the non-economist games that would be far far less so….”
I like your explanation. That deserves an update to the post …
A version of the game that pits monopolists against competitors. Monopolists get better returns but higher penalties.
http://www.antimonopoly.com/antimonopoly_boardgame.html
Last Monday I played Settler of Catan. I sold an option to purchase one wheat for two sheep.
Haha, that is so true…
I loved to play Monopoly when I was a kid.
This is very true. I used to play Monopoly and Cashflow – if it wasn’t for the beer I’d learn somehitng playing these games 🙂
Some people really believe a lot of fairy tales