October 09, 2003
Stephen Karlson notes the award of this year's Nobel Prize in Economics to two time series econometricians and suggests that time series analysis could be applied to the age-old question of the chicken and the egg. I think Professor Karlson means to joke, but interested individuals should be aware that this exercise has already been undertaken. See Walter N. Thurman and Mark E. Fisher, "Chickens, Eggs, and Causality," American Journalof Agricultural Economics 70 (1988): 237-238. (No link available.)