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University Student Quotes

Eric Maskin Quotes

I never make the same mistake twice. I make it five or six times, just to be sure - Funny Quotes
When we first met, i had no idea you would be so important to me - Love Quotes
You don't need someone to complete you. You only need someone to accept you completely - Love Quotes
I meant to behave but there were too many other options - Funny Quotes
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I choose questions to work on according to how much they excite me  (Eric Maskin Quotes) At Tenafly High, I was lucky to have some dedicated teachers; I’m especially indebted to my calculus instructor, Francis Piersa, who opened my eyes to the striking beauty of mathematics.  (Eric Maskin Quotes) Economic forecasting has actually got pretty good over the years, though admittedly, we don’t always get it right.  (Eric Maskin Quotes) What we mean by an outcome will naturally depend on the context. Thus, for a government charged with delivering public goods, an outcome will consist of the quantities provided of such goods as intercity highways, national defense and security, environmental protection, and public education together with the arrangements by which they are financed.  (Eric Maskin Quotes) There is universal consensus among experts that the earth’s atmosphere is heating up - and that we are responsible for it by putting carbon dioxide in the atmosphere. We also know that the consequences of global warming are catastrophic. But how do we make sure that all countries reduce greenhouse gases?  (Eric Maskin Quotes) The Nobel Prize is not very important for the winners - they are usually pretty successful people already. But it is valuable as a way of drawing the public’s attention to important work in economics.  (Eric Maskin Quotes) The theory of mechanism design can be thought of as the ‘engineering’ side of economic theory.  (Eric Maskin Quotes) Leo Hurwicz is the father of mechanism design theory and has inspired much of my work, and Roger Myerson is an old friend and collaborator and a tremendous economist.  (Eric Maskin Quotes) Because mechanism designers do not generally know which outcomes are optimal in advance, they have to proceed more indirectly than simply prescribing outcomes by fiat; in particular, the mechanisms designed must generate the information needed as they are executed.  (Eric Maskin Quotes) There are some things that we value as a public good that the markets can’t deliver, like clean air.  (Eric Maskin Quotes) Specifically, in the software industry, progress is highly sequential: progress is typically made through a large number of small steps, each building on the previous ones.  (Eric Maskin Quotes) If budget planning requires gathering information from people who may not always have the incentive to disclose that information, then the principles of mechanism design can definitely be of use in such planning.  (Eric Maskin Quotes) I probably learned most at MIT by teaching and working with Peter Diamond, who acted like a big brother to me during my time in the department.  (Eric Maskin Quotes) In an industry with highly sequential innovation, it may be better for society to scrap patents altogether than try to tighten them.  (Eric Maskin Quotes) Of course, MIT was notable not just for its faculty but also for its students. And, facing such extremely bright kids as a rookie teacher was something like being thrown to the wolves.  (Eric Maskin Quotes) A contingent bailout policy - implicit or explicit - must be coupled with some regulation of what banks can and cannot do. For example, a ban on lending to uncreditworthy customers might well make sense.  (Eric Maskin Quotes) A properly designed tax system can strike a balance between helping the poor and, at the same time, giving people the incentive to work.  (Eric Maskin Quotes) Many markets work best with little or no outside interference. But others - especially those subject to big ‘externalities’ - need a helping hand.  (Eric Maskin Quotes)