Brinkmanship is thus the deliberate creation of a recognizable risk, a risk that one does not completely control. It is the tactic of deliberately letting the situation get somewhat out of hand, just because its being out of hand may be intolerable to the other party and force his accomodation.
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Best thing I’ve read in the last couple of weeks
….is John Rust’s Comments on Michael Keane’s “Structural vs. Atheoretic Approaches to Econometrics“. Perhaps too strong in some parts (though I can understand why), but simply great overall (inter alia, possibly the best defence of structural econometrics I’ve seen so far- for sure the clearest and most concise one).
→ Read more Rubinstein’s “Freak-Freakonomics”
This is an interesting 6-page “review” of Levitt and Dubner’s “Freakonomics”, by Ariel Rubinstein (it is probably the most negative among the reviews of this book, that I’ve read so far).
→ Read more As usually, Eddie Lazear rocks!
This is going to be very very interesting, indeed somewhat of a “giant leap for the blogosphere” (especially if it would set a precedent!), as Stephen Dubner calls it. Unfortunately, I will only have time to read all the discussions in a few days; as usually I am too busy… So Prof.
→ Read more Does China have a problem with the gender imbalance? If so, how big of problem?
Economics at work! Compare this article from the BBC (echoing what I believe to be the ‘general’- rather gloomy!- perspective on China’s gender imbalance) and the viewpoints of economists Gary Becker and Richard Posner, who start from discussing whether there is any valid case for forbidding the ‘sex selection’ practice, but end up discussing a series of wider implications.
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