Thursday, October 9, 2008

The unrelated discussion during the class

"Why is it so difficult to get a Prime Minister in Thailand?"

"What is the population in Thailand?"

"Cost of employing police in our country is also agency cost" -- that's one hell great example that I find so far :)

"If everyone is innocent, there will be no agency cost. So, how to make everyone innocent?"

"We have ranking for shops ie. Grade A, B, C. But why no ranking for mechanic shops? Cars are very important to us, right?" then "Our government is going to rank universities" and then "Next time, you all should come up a ranking for mechanic shops" -- all these discussions are related to 'market efficiency'

"Why are the houses valueless in America?" which leads to "Do you agree that Americans have less children and therefore, no need to buy houses. As a result, the house value drop."

1 comment:

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