August 20, 2004
The Law of Supply Rocks!
So, I'm at this conference with some buddies and we got in the habit of going to a local bar every night after dinner. One of our group was a non-drinker and a couple people decided to try to get him to drink some beer. They pleaded and begged and even tried some semi-rational argumentation (at least it seemed semi-rational at the time).
Nothing doing. He just doesn't want to drink.
Finally one of the guys says, "Hey, I'll give you $100 if you drink two pints in 15 minutes." Without any hesitation, the non-drinker said, "Heck Yea." And he proceeded to drink the beers and was $100 richer.
I love economics.
Posted by Robert Lawson at 10:51 AM
·
TrackBack (104)