Why there are often long lines during emergencies, even though that is when time is at a premium: http://szabo.best.vwh.net/emergencyeconomics.html …
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@NickSzabo4 Intruiging if applied to bank runs which are emergencies, too, though more predictable.
@michelteivel Yes, it applies there in spades, although manmade and "if" being somewhat predictable does not imply _when_ predictable.
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@michelteivel And alas, even predictable in theory does not imply most people will actually act ahead of time to prevent or mitigate.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4 On second thought one could argue that all emergencies are predictable (or, at least, ,,preparable’’ to some degree.) -
@NickSzabo4 Under this perspective: queues are inversely proportional to degree of preparation, which is a trivial observation. -
@NickSzabo4 Bank runs are also interesting since they’re — for a lack of a better word — entangled emergencies. -
@NickSzabo4 That is, by definition, 100% preparation for a bank run makes a bank run. ;-) Gametheoretically interesting for Greece.
End of conversation
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