EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Monday, September 05, 2005

Trade-Offs: HDTV vs. CRC

Maximizing utility subject to a budget constraint

For the past several months, Ms. Eclectic and I have been contemplating buying a high-definition television set and decoder. Last week, our cable company put the decoders on sale.

Then Katrina hit, and so we sent the money to The Canadian Red Cross.
We can wait a few months for HDTV.
This is a massive tragedy. I urge you to give to some reliable charity.
[This posting has been moved to the top until September 6th]