tag:blogger.com,1999:blog-7169279.post109639487017846789..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Is Optimization too Late?Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7169279.post-1098296221424095202004-10-20T12:17:00.000-06:002004-10-20T12:17:00.000-06:00Economics is (partially) about applying the princi...Economics is (partially) about applying the principle of optimization even in cases where it doesn't seem to fit (like this one).<br /><br />Just because Delta is doing badly doesn't mean that their managers were not optimizing. They may have been doing the best they can subject to unfavorable constraints. <br /><br />The pilots may have been acting optimally too. It seems odd that this would Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com