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January 16, 2004
Escalators
An economic explanation for the habit of walking on moving walkways and standing when taking escalators gives me a pain in the eye (via Broken Timber).
Using indifference curve analysis to show why people stand still on escalators but walk on moving walkways helps establish the near-universal applicability of economic theory. Working with contrasting preference maps (such as those in Figures 1 and 3) to deal with an issue where the student's own intuition is fully in play may help the student to read indifference curves in less intuitive cases. And challenging the students to apply basic economic tools to similarly frivolous issues can result in fun and even learning.
The only down side to exposing students to this armchair view of escalators is that they may never again be able to ride an airport escalator without thinking of indifference-curve analysis.
The only down side to exposing students to this armchair view of escalators is that they may never again be able to ride an airport escalator without thinking of indifference-curve analysis.
Posted by Ghost of a flea at January 16, 2004 08:34 AM