October 30, 2006

Defining Children

How would you define children?? Here is how Tim Harford, from Dear Economist defines them

Children are rational utility maximisers, but they have a high discount rate and therefore a short time horizon (link)
but that is not all, there are more words of wisdom by the man, like this:
Divorced women tend to take a financial hit while divorced men tend to be better off than they were when they were married. What does that tell you? You might think that it suggests divorce is bad for women, but it equally suggests that marriage is bad for them. Women must hate being married if they are willing to pay to get divorced. And men must like marriage, since they would be richer if they walked out the door. (link)
My dear economist might tell me that I might love marriages, but there are times when I know he's bluffing.