Sunday, August 21, 2005

Brad DeLong's Semi-Daily Journal: Robin! To the CulturalStudiesMobile!

"Barry Nalebuff defends his company's tea-sweetening policies as those of an honest agent making tea in accordance with what the rational utility-maximizing choices of its principals (the tea-drinkers) would be if its pricipals thought hard about the tradeoff of sweetness of taste versus inches on the wasteline:"