Economists: Stay away from my car!
I'm reading an article by an economist about how consumers incorporate fuel economy into their vehicle purchasing decisions. I was first skeptical when I read this:
"a. ModelReally, is that all? What about style, image, fun?
Automobiles are purchased for the travel services they provide."
Then I read this:
"Performance is measured by turning circle..."That was it. Her one measure for "performance" was turning circle. Wow. It's no wonder that real-world buying decisions haven't been exactly what (most) economists have predicted.