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economist-2

2020-07-12 View on smbc-comics.com → 1 revision
economist-2
Votey panel for economist-2
This explanation is incomplete or may contain errors. It was generated by AI and has not yet been reviewed by a human editor.

Explanation

This comic is a riff on "an economist walks into a bar" jokes, poking fun at how economic models rely on simplifying assumptions that diverge from reality. An economist walks into a bar and asks for a whiskey. The bartender tells her that "preferences are stable over time," then serves her a juicebox and a cupcake instead. The final panel states "By assumption, the economist is happy."

The joke targets several core assumptions in microeconomic theory. The idea that preferences are "stable over time" is a standard assumption in consumer theory, but the bartender uses it to justify serving the economist what a child would want -- implying her preferences haven't changed since childhood. The punchline "by assumption, the economist is happy" satirizes how economists often assume rational agents are satisfied with outcomes that follow logically from the model's premises, regardless of whether those outcomes match what a real person would actually want. It highlights the gap between elegant theoretical models and messy human reality.

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