The house of revenge
I wish I tracked how many times I deliberately walked past this house. As a financial economist, I often think about observable and unobservable characteristics. Using day-to-day observational data to shed light on something unobservable is both an art and a science. Josh Angrist (MIT), Guido Imbens (Stanford), and David Card (Berkeley) got the 2021 Nobel Prize in Economics for this.
Other people’s thoughts are unobservable; their actions (at least some of them) are observable. I’m wondering what the active choice to daily see the sign “
The best revenge is living well” says about a person’s thoughts. And in what other actions do these thoughts manifest themselves?
Well, one other action is observable in the photo. Notice the “
No trespassing” sign! Somehow, I’m not surprised that in the neighborhood—super quiet and peaceful—this is the only house with such a warning. Remember Discrete choice and correlated error terms? Error terms do seem correlated over here, don’t they?
