{"id":8,"date":"2003-03-28T21:20:25","date_gmt":"2003-03-29T02:20:25","guid":{"rendered":"http:\/\/www.ticoneva.com\/journal\/?p=8"},"modified":"2008-04-24T12:39:30","modified_gmt":"2008-04-24T20:39:30","slug":"eat-like-an-economic-naturalist","status":"publish","type":"post","link":"https:\/\/www.ticoneva.com\/journal\/?p=8","title":{"rendered":"Eat like an Economic Naturalist"},"content":{"rendered":"

People are often interested in the way I have my meals. They are amused to
\nsee that I eat every item in almost equal speed: one mouth of beef, one mouth of
\nbeans, followed by a little orange juice; after that, the whole sequence starts
\nover again. Through I have been doing so since I was very small, it
\nnevertheless, as I now see, make sense from an economic perspective.<\/p>\n

To demonstrate why this is the case, suppose I have a limited quantity of 5
\nmouths of two food items to eat in a meal: meat and vegetables. Further suppose
\nthat my reservation price for another mouth for having another mouth of each
\nitem is as follows:<\/p>\n\n\n\n\n\n\n\n
\n No. of Mouths<\/font><\/td>\n\n Meat<\/font><\/td>\n\n Vegetables<\/font><\/td>\n<\/tr>\n
1<\/td>\n11<\/td>\n10<\/td>\n<\/tr>\n
2<\/td>\n9<\/td>\n8<\/td>\n<\/tr>\n
3<\/td>\n7<\/td>\n6<\/td>\n<\/tr>\n
4<\/td>\n5<\/td>\n4<\/td>\n<\/tr>\n
5<\/td>\n3<\/td>\n2<\/td>\n<\/tr>\n<\/table>\n

When I start my meal, I will eat a mouth of meat because it gives me higher
\nmarginal benefit. Following that, I should eat a mouth of vegetables, obviously
\nfor the same reason. It is easy to see that I will eat each item alternatively
\nuntil I finish my last mouth of vegetables. My ‘amusing’ way of eating is
\njust a way of maximizing my benefit from eating.<\/p>\n","protected":false},"excerpt":{"rendered":"

People are often interested in the way I have my meals. They are amused to see that I eat every item in almost equal speed: one mouth of beef, one mouth of beans, followed by a little orange juice; after that, the whole sequence starts over again. Through I have been doing so since I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8","post","type-post","status-publish","format-standard","hentry","category-political-economy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8"}],"version-history":[{"count":0,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/8\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}