Tag: Seinfeld and Economics

Seinfeld and Economics

While I’m on the subject of economics, if you like Seinfeld, and want a crash course in economic principles, then this is the website for you. It uses clips from the sitcom to teach economic principles. Who knew, the show wasn’t about nothing afterall – but about economics.

Here’s an example that teaches you about game theory, and cost-benefit analysis, and dominant strategy.

“George thinks he has been offered a job, but the man offering it to him got interrupted in the middle of the offer, and will be on vacation for the next week. George, unsure whether an offer has actually been extended, decides that his best strategy is to show up. If the job was indeed his, this is the right move. But even if the job is not, he believes that the benefits outweigh the costs. “

The site is called Yada, Yada, Yada, Econ.