Re: [OPE] Recession indicators

From: Michael Perelman <michael@ecst.csuchico.edu>
Date: Tue Oct 06 2009 - 17:24:42 EDT

People wore their best close to the doctors so as not to be
embarrassed/humiliated. They did not expect someone to expect to
inspect their underwear. If they did, they might have followed Jerry's
strategy.

On Tue, Oct 06, 2009 at 02:27:58PM +0100, GERALD LEVY wrote:
>
>
> Hi Michael P:
> =20
> Some mainstream economists might point to the problem of adaptive
> behavior: i.e. patients might learn that it was in their rational=20
> self-interest to go to the doctor's office in dirty underwear.
> =20
> In solidarity=2C Jerry
>
>
> > My grandmother worked in a doctor's office in the 30's. Her job included
> > inspecting patients' underwear to set the appropriate billing rate. =
> =

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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Received on Tue Oct 6 17:27:33 2009

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