Imagine present bias:
Procrastination's why.
All future moments
Have beta multiplied.
Imagine all the agents
Living for today...
Imagine there's dependence
On reference point of u( ).
Curving convex below it,
And loss aversion, too.
Imagine prospect theory
Taught in every core...
Some may say there's no reason
Adding psych to our econ.
I hope someday they will join us
And the discipline will be as one.
Imagine there's projection
And mispredicted plans.
Will there be future hunger?
What do herds understand?
Imagine narrow brackets
Framing all the world...
Some may say there's no reason
Adding psych to our econ.
I hope someday they will join us
And the discipline will be as one.
Copyright 2011-2013 | Mike Urbancic | urbancic@gmail.com | Last updated 16 Jul 2013 |