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submitted 3 days ago by tfm@europe.pub to c/Memes@europe.pub
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[-] binarytobis@lemmy.world 5 points 3 days ago* (last edited 3 days ago)

In college I participated in an economic experiment where everyone in the class had a laptop, and we went through trials with different variations of “keep $2 or give everyone else $1”. The payout was $20 to whoever had the highest total at the end, everyone else got nothing. I kept the money every time until the end and won.

Afterwards the Economics professor called me to the front and started in with “See, this person proves that people act in their own self interest.” and I had to say “Well if you actually gave them the money when I picked ‘donate’, like the original experiment called for, I would have done that.” The professor and his assistant were not happy.

The title of the post aside, I think the meme itself touches on something real in some people. Although I do think economics is an actual science, unlike some of the people in the comments comparing it to homeopathy or scientology.

[-] InternetCitizen2@lemmy.world 4 points 2 days ago

Tbf most "economists" you might run into are online. And they often still subscribe to schools of thought that the discipline has left behind. They hold on to them for political reasons making them the antivax/flat earth of economics of sorts

this post was submitted on 20 Aug 2025
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Memes

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Memes! A way of describing cultural information being shared. An element of a culture or system of behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation.

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