The hyper-productive Tyler Cowen recently formulated his “first law” of logical argumentation as follows: “There is something wrong with everything (by which I mean there are few decisive or knockdown … arguments, and furthermore until you have found the major flaws in an argument, you do not understand it).” Although we agree with the spirit of this statement, it suffers a serious flaw. The problem is that Cowen’s First Law is self-refuting, for if “there is something wrong with everything,” then there must also be something wrong with the argument there is something wrong with everything. For his part, Kevin Drum has fixed this fatal flaw by restating Cowen’s First Law as follows: “For any any problem complex enough to be interesting, there is evidence pointing in multiple directions. You will never find a case where literally every research result supports either liberal or conservative orthodoxy.” By the way, Drum’s restatement of Cowen’s First Law helps explain why the study of law (especially the compulsive study of appellate cases in law school) is not a science …
Is a Snickers candy bar tax deductible?
In a word, no. What if you ate the candy bar during work hours while you were working? The answer is still no. The larger question is this: are snacks ever deductible? And do you prefer a simple “bright-line rule” or a complex and more flexible “balancing test” to decide this question. (By the way, the Tax Court’s opinion is here; see especially note 33 on page 38.) Hat tip: TaxProfBlog.
The culture that is Germany (sausage vending machine edition)
Hat tip: DanBale (via reddit).
Pop Quiz (game theory edition)
The image above (courtesy of Matt H. Evans) contains four colorful quadrants depicting the basic elements of game theory, a mathematical approach to human behavior. Which one of these quadrants, however, is redundant?
Annals of deception (world wide web edition)
Game of Chicken (cult classic edition)
Can we model politics, litigation, and other forms of competition as games of chicken? Continue reading
Prisoner’s dilemma T-shirts


Which one should we get?





