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alexsandroEconomist’s Love letter
(Undergrad)
Darling!
Life without you is just like demand without supply. As lonely as Average Product can be with out Marginal Product, unable to determine stages of production and as sad as a Budget Constraint can be with out Indifference Curve, never to trace an equilibrium. Every thing looks so upside down like a positively sloped compensated demand and negatively sloped supply curve. Please tell me, who entered your utility function as externality and disturbed its arguments in my disfavour. This was completely an unanticipated shock for me. I don’t think our relationship is spurious at all. I believe it’s more like a misspecification problem than spurious. Prior to forecasting any thing about our future let us work in correlation with each other towards a correctly specified model whereby all behavioural equations are a priori realistic. I guess acknowledging the fact that at the moment our expectations regarding each other cannot be driven by perfect foresight can work as a good starting point to realize the illusion and its adoptive nature. I am confident; this will change the sign of your decision multiplier in my favour.
Why do you have to make me jealous and cartel with other people? You should understand that cartel never last forever. I know he does not enter into your utility function as a positively related argument and you don’t love him at all. As I understand it, it’s nothing but dumping. Please don’t do it unless it is something really dictated by the fully specified model under adaptive expectation which I am sure is not the case.
I hope this letter from my side will work as a policy action to check some of the misunderstandings resulting from lack of information and communication gap. I am sure if you take some time, use your a priori intuitions, think over my nature and take it as the only inference criterion you will strongly reject the null hypothesis of breaking up your relationship with me against the alternative hypothesis of working towards stable long run relationship.
With bundles of love
Hayat Khan
Economist’s Love letter
(Postgraduate/graduate)
Hi darling,
I don't know where to start from!
When you were around all the happiness parameters were super consistent and life was moving on a stable path, soon to converge and hit the new steady state of marriage Life with out you sounds like Optimal Control problem without Transversality Conditions unable to determine terminal point. Every moment with out you is a disequilibrium phenomenon. The satisfaction time path is completely divergent that is an indication of increasing marginal disutility of life over time. It seems to me as if our relationship is no more white noise and Weak Law of Large Numbers doesn’t apply at all. Even simple Central Limit Theorem sounds like a total failure to find any distribution for our relationship. Let us try a martingale difference where, on average, we don’t expect anything form each other or use Functional Central Limit Theorem to work out the possibility of converging to a stable distribution with super-consistent convergence rate. I think it’s not a hard bargain to normally distribute our expectations around zero to get some plausible critical values and test the null hypothesis of continuing our relationship against the alternative hypothesis of breaking it down. I think the signals are sufficient enough to reveal full information and define Rational Expectation Equilibrium.
Darling! I am quite sure our relationship will prove a stable function of understanding each other with no worries about Lucas Critique. Please don’t be sluggish in your response or I will never reach a stable arm. Come over, it’s only your presence that can overshoot my happiness and allow for a jump to the stable arm. Our relationship may sound sub-optimal at this point of time but it definitely will prove optimal in the future. Let us not build up on our previous mistakes otherwise we may not end up anywhere like Ponzi game.
Love raised to the power infinity
Hayat Khan
(Undergrad)
Darling!
Life without you is just like demand without supply. As lonely as Average Product can be with out Marginal Product, unable to determine stages of production and as sad as a Budget Constraint can be with out Indifference Curve, never to trace an equilibrium. Every thing looks so upside down like a positively sloped compensated demand and negatively sloped supply curve. Please tell me, who entered your utility function as externality and disturbed its arguments in my disfavour. This was completely an unanticipated shock for me. I don’t think our relationship is spurious at all. I believe it’s more like a misspecification problem than spurious. Prior to forecasting any thing about our future let us work in correlation with each other towards a correctly specified model whereby all behavioural equations are a priori realistic. I guess acknowledging the fact that at the moment our expectations regarding each other cannot be driven by perfect foresight can work as a good starting point to realize the illusion and its adoptive nature. I am confident; this will change the sign of your decision multiplier in my favour.
Why do you have to make me jealous and cartel with other people? You should understand that cartel never last forever. I know he does not enter into your utility function as a positively related argument and you don’t love him at all. As I understand it, it’s nothing but dumping. Please don’t do it unless it is something really dictated by the fully specified model under adaptive expectation which I am sure is not the case.
I hope this letter from my side will work as a policy action to check some of the misunderstandings resulting from lack of information and communication gap. I am sure if you take some time, use your a priori intuitions, think over my nature and take it as the only inference criterion you will strongly reject the null hypothesis of breaking up your relationship with me against the alternative hypothesis of working towards stable long run relationship.
With bundles of love
Hayat Khan
Economist’s Love letter
(Postgraduate/graduate)
Hi darling,
I don't know where to start from!
When you were around all the happiness parameters were super consistent and life was moving on a stable path, soon to converge and hit the new steady state of marriage Life with out you sounds like Optimal Control problem without Transversality Conditions unable to determine terminal point. Every moment with out you is a disequilibrium phenomenon. The satisfaction time path is completely divergent that is an indication of increasing marginal disutility of life over time. It seems to me as if our relationship is no more white noise and Weak Law of Large Numbers doesn’t apply at all. Even simple Central Limit Theorem sounds like a total failure to find any distribution for our relationship. Let us try a martingale difference where, on average, we don’t expect anything form each other or use Functional Central Limit Theorem to work out the possibility of converging to a stable distribution with super-consistent convergence rate. I think it’s not a hard bargain to normally distribute our expectations around zero to get some plausible critical values and test the null hypothesis of continuing our relationship against the alternative hypothesis of breaking it down. I think the signals are sufficient enough to reveal full information and define Rational Expectation Equilibrium.
Darling! I am quite sure our relationship will prove a stable function of understanding each other with no worries about Lucas Critique. Please don’t be sluggish in your response or I will never reach a stable arm. Come over, it’s only your presence that can overshoot my happiness and allow for a jump to the stable arm. Our relationship may sound sub-optimal at this point of time but it definitely will prove optimal in the future. Let us not build up on our previous mistakes otherwise we may not end up anywhere like Ponzi game.
Love raised to the power infinity
Hayat Khan
