March 22, 2011
So here's a little oddity brought to us by Waggle Room: Tiger Woods was in a college-level Economics textbook, but he's not anymore. Here's the story: N. Gregory Mankiw, a professor at Harvard, used Woods as an example in his textbook "Principles of Economics," like so:
Anyway, Mankiw decided, rightly enough, that Woods' personal travails might distract from the question itself, according to the Harvard Crimson. Mankiw substituted in New England Patriots QB Tom Brady, making this THE BEST TEXTBOOK QUESTION EVAAHHHH!!!! NO ONE DENIES THIS!!!
Still, we think the professor is acting a little too hastily here. Instead of throwing out the baby with the bathwater, just change the bathwater. Or the baby. Whatever, just make up a different question. You know, one like this:
Should Tiger Woods Chase Grenades? A Devil Ball Exam:
It is 2009. Tiger Woods is worth a billion dollars and is married with two children. However, he is also often tempted by women of less than sterling character. Explain, using the concepts of opportunity cost and comparative advantage, how in the world Woods could think it's a good idea to torpedo one of the greatest sports legacies in history by chasing women who wear nametags and/or nothing at all.
You have one hour. Please keep your eyes on your own paper. And ... begin.