Thomas Schelling wins Nobel Prize, and my landlord

I learned from Will Wilkinson’s blog that economist Thomas Schelling won the Nobel Prize in Economics. I’d first read about his works through the term “Schelling Point” in an article by David Friedman.

Oddly enough, I think I experienced this phenomenon yesterday with my landlord. A few weeks ago the house has no water for more than 24 hours, and I spent the night at a friend’s house. I thought we should be reimbursed for at least two night’s rent, not just one. After talking it over with a housemate, I figured that $50 would be a good amount. Anything more seemed like too much. I brought this up with the landlord, and after some back and forth, in which I did not mention any numbers, he said the most he would give was … $50. Strange!

Advertisements

Leave a comment

Filed under economics, vignettes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s