Opinion



By Steven D. Levitt May 21, 2006, 10:40 pm

The real reason I went into economics

They teach you a lot of things when you study economics: about marginal cost, incentives, dynamic optimization, etc.

But up until now, the real reason for why people study economics had been a closely held secret known only to economists — kept carefully hidden away from the hoi polloi.

Well, it turns out Joey Cheek, of all people, is the one who blew the secret. You may remember Joey Cheek as a gold medal speed skater from the Winter Olympics. It turns out he is also quite smart. He was admitted to Yale, Princeton, and Stanford. (Harvard, however, turned him down.)

Parade magazine quotes Cheek as saying that he plans to study economics. And then he goes on to blow the secret we economists have so carefully guarded for all these years. He plans to study economics because “that’s what gets the chicks.”

(My wife Jeannette adds that I am living proof.)


24 Comments

  1. 1. May 21, 2006 11:34 pm Link

    When I declared an economics major, I admittedly thought some of my male economics professors were really quite attractive and even noticed my female professors had some good looking husbands.

    — melissa
  2. 2. May 22, 2006 1:32 am Link

    That’s because economists do it with models!

    — dachisb
  3. 3. May 22, 2006 2:11 am Link

    Then why do women study econ?

    — shining
  4. 4. May 22, 2006 6:31 am Link

    LOL! I’ve taken a lot of econ classes, and as I looked around the room, it looked only marginally better than the computer science classes! ;-)

    Chris
    http://amateureconblog.blogspot.com/

    — Speedmaster
  5. 5. May 22, 2006 9:02 am Link

    On the other hand…

    — Monkeydarts
  6. 6. May 22, 2006 9:52 am Link

    He doesn’t say the othere econ students are hot…. he says they know how to (or have what it takes to)get the chicks. Which is a lot more interesting, no?

    — Dave Meleney
  7. 7. May 22, 2006 10:24 am Link

    I think he’s confusing economics and finance. Just a thought.

    — StCheryl
  8. 8. May 22, 2006 11:55 am Link

    ‘Tis true.
    I went to Yale.
    Majored in Economics.
    Met my wife in Macro.
    I got my BA, she got a MRS.

    — kkwan
  9. 9. May 22, 2006 2:19 pm Link

    I can testify that it doesn’t work the other way around. I’m a girl studying Financial Maths and Economics and when I tell men this they PHYSICALLY

    — ciara86
  10. 10. May 22, 2006 2:20 pm Link

    I can testify that it doesn’t work the other way around. I’m a girl studying Financial Maths and Economics and when I tell men this they PHYSICALLY step away from me….

    — ciara86
  11. 11. May 22, 2006 2:49 pm Link

    when I tell men this they PHYSICALLY step away from me….

    That’s funny, I’ve been looking for an econ major my whole life.

    You’re talking to the wrong men, I think :-)

    — tim in tampa
  12. 12. May 22, 2006 5:14 pm Link

    I put this down to an apparent predeliction amongst British economists for long hair in extravagant styles, evidenced by the economics correspondents for all major UK networks.

    — Newfred
  13. 13. May 22, 2006 5:23 pm Link

    I never thought this concept to be the case in my economics class…

    Of course, what do I know? I’m just an engineer.

    — Grant
  14. 14. May 22, 2006 6:03 pm Link

    That’s probably true but until I start talking to the right men I’m going to keep on pretending I study nursing :)

    — ciara86
  15. 15. May 22, 2006 10:17 pm Link

    So, who are the top 10 sexiest economists?

    Photo link must accompany nomination.

    Any sex or sexual orientation is eligible.

    As Levitt is in Chicago the “vote early, vote often” rule can be used.

    — zbicyclist
  16. 16. May 23, 2006 11:31 am Link

    Dear God, I hope no one includes Greenspan.

    — kkwan
  17. 17. May 23, 2006 2:34 pm Link

    Note that in “A Beautiful Mind,” John Nash uses game theory to conclude that he can get the most beautiful woman in the room.

    — jcl
  18. 18. May 23, 2006 5:58 pm Link

    “That’s because economists do it with models!”

    dachisb–You just made my day.

    — synapticmisfires
  19. 19. May 24, 2006 3:13 am Link

    ciara86, i kind of know how you feel. I’m a (male) actuarial studies student, and almost half the girls i meet always take a physical step back every time i tell them i do actuarial studies. Suddenly they don’t seem as interested before…

    Does this happen to economics students as well?

    — Harimau
  20. 20. May 24, 2006 2:07 pm Link

    woe is you.
    try getting a masters in accounting.
    It works like magic when you’re out on saturday night.
    I guess I have to back to school.
    Again.

    — Leviathan
  21. 21. May 25, 2006 7:39 pm Link

    Note that in “A Beautiful Mind,” John Nash uses game theory to conclude that he can get the most beautiful woman in the room.

    Oh, you guys have no idea how powerful the concepts of product differentiation, market signals, logic trains and Nash Equilibria are when it comes to strategies of playing “the game”.

    I should blog about it when my “field research” is finished.

    Heheh.

    Saying you “study economics” doesn’t get the girls. Using the concepts you learn as an economist in addition to telling them you “enchance and measure human happiness”, however, does.

    — Aaron_B
  22. 22. May 28, 2006 8:53 am Link

    To those saying that the people in their economics class are unattractive, I thought what Cheek (and dear Dr. Levitt) is saying is that being an economics students gets you chicks (who don’t have to be economics students themselves). Indeed, it might even be subtly implied that economics students are physically unattractive, but their study of supply and demand lends them an aura of desirability.

    There are couple of things I know for sure:
    1. I have yet to get a date in college despite repeatedly stating my interest in economics;
    2. None of the girls in my economics class are hot.

    — johnleemk
  23. 23. June 1, 2006 11:17 am Link

    ok first of all, in my experience economists aren’t the sexiest creatures alive. in fact, i’d rank engineers, advertising creatives, architects and doctors and trust fund layabouts all much higher.

    however, i would like to draw your attention to the first rule of freakonomics which is that just because two variables are related doesn’t mean that you can assume which causes what. so. people back away from you at parties. is this because you’re an economist and the very idea of dating an economist is anathema to gorgeous guys and hot chicks OR is it because geeky types are atracted to economics in the first place? i work in advertising. i heard a few years ago that people who worked in advertising had the shortest life expectancy of any profession. i immediately asked myself whether this is because advertising is bad for your health or because advertising attracts live life on the edge over indulgent stress-heads?!

    i think the latter.

    just askin…

    — saibhin
  24. 24. March 29, 2008 12:20 am Link

    I did economics but the most attractive ladies were in my French classes. And the girl-to-guy ratio was 5 to 1. I took three years of it and it had a great time.

    — Andrew

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