from the collection of “do econ teachers know anything”

It is that time of the year. They have announced the Nobel for medicine, so Econ is not too far away.

It’s time to get your vote in now. Please send your picks in during this week. Next week I will post the picks on my door.

Could there be a prize for the individual who picks the Nobel winner? Vote and find out!

Enter Dr. Strangelove, stage right. How can you incent if the agent doesn’t know the incentive? How much incentive is nothing. The option of X when X is null. Obviously the prize is not the motivation in Dr. Econs school for nobel-pickers.