Avinash K. Dixit is an Indian-American economist that teaches at Princeton. With numerous scholarly publications published over the last three decades, Dixit has offered unique insight to his students and readers. Here is a look at some of the most fascinating Avinash K. Dixit quotes.
“Because provision by the government using taxes may not be the only or even the best method of supplying many collective goods.”
“If you have just two alternative strategies, and one of them is dominated, then the other must be dominant.”
“In socialist economies, producers suffer no penalty for disappointing customers; on the contrary they enjoy some power by being able to allocate scarce goods to favoured customers.”
— President of India (@RashtrapatiBhvn) March 28, 2016
“Putting yourself in others’ shoes so as to predict and influence what they will do.”
“The analyses … often become too competent to be comprehensible.”
“The dummies and slackers, by their mere existence, are imposing a negative externality on the skilled and dedicated.”
— Giri Devanur (@giridevanur) March 15, 2016
“Thus microeconomics of the financial sector—bad incentives and externalities—was the root cause of the macroeconomic effects—loss of output and high unemployment.”
“Tis better to have loved and lost than never to have loved at all.’ In other words, love is a dominant strategy.”
“While I hope the subject is fascinating and my treatment readable, such a book cannot be a page-turner.”
Avinash Dixit, a professor for the Department of Economics at Princeton discusses the achievements and future of game theory from the perspective of the user. This enlightening lecture offers new insight from Dixit.