# starbucks4ever (98.51)

## starbucks4ever's CAPS Blog

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June 20, 2009 – Comments (4)

Just wanted a community opinion (my vote is for number 1)

1. Yes, all he has ever done was writing articles for NYT using a pseudo-scientific vernacular to make people believe that he is smart.

2. No, he is an honest economist, he made a discovery in the field of international trade, and I can even formulate what it was that he discovered.

#1) On June 20, 2009 at 7:46 AM, portefeuille (98.45) wrote:

I am really glad that my scientific papers are read by maybe 10 people in the world and don't draw criticism by people who don't like my basketball skills.

I put maybe 1000 hours into one. The sum of the time spent reading one by the 10 readers is around 1 hour (6 minutes for each reader sounds fair, but it may be much less).

Krugman needs maybe 1 hour to write a column and the sum of time spent reading one by the 1 million readers is around 100000 hours (6 minutes for each reader again).

So my ratio is my time:their time = 1000:1 and for Krugman it is 1:100000.

So Krugman's ratio is 100000000 (100 million) better (or worse) than mine. Sometimes I am a co-author and still spend my 1000 hours so you might have to add a factor of two to my ratio. So then it is 2*10^8.

Even if Krugman got 100000 \$ for one column his work would cost \$1/reading hour and mine (say at \$10/hour) would cost \$20000/reading hour. So my work costs 20000 times as much as his (per reading time) even though he earns 10000 times as much as I do (per working time).

(check: yes, the same factor of 2*10^8 again, just as it should be ...)

But since I am the type of person that does not need to "finish something" every day and for whom it is much more important to like the results than to see others like them or to see that they are "useful" these kind of ratios are perfectly alright with me and I would not mind "producing" nothing but just a few pages of, to almost anyone, utterly uninteresting science in the next decades.

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#2) On June 20, 2009 at 10:31 AM, devoish (94.14) wrote:

Fair is fair. Your choices were not.

1. Yes, all he has ever done was writing articles for NYT using a pseudo-scientific vernacular to make people believe that he is smart. He made a discovery in the field of international trade, and I can even formulate what it was that he discovered

2. No, he is an honest economist, he made a discovery in the field of international trade, and I can even formulate what it was that he discovered.

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#3) On June 20, 2009 at 10:58 AM, portefeuille (98.45) wrote:

my answer is #2 of comment #2.

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#4) On June 22, 2009 at 10:50 PM, lucas1985 (< 20) wrote:

@portefeuille,

What's the topic of your research?

Do you publish in an open-access journal?

You might be interested in this blog: http://empiricalfinanceresearch.blogspot.com/

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