Marty Weitzman’s Noah’s Ark Problem

http://marginalrevolution.com/marginalrevolution/2019/08/marty-weitzmans-noahs-ark-problem.html [marginalrevolution.com]

2019-09-01 22:44

> Marty Weitzman passed away suddenly yesterday. He was on many people’s shortlist for the Nobel. His work is marked by high-theory applied to practical problems. The theory is always worked out in great generality and is difficult even for most economists. Weitzman wanted to be understood by more than a handful of theorists, however, and so he also went to great lengths to look for special cases or revealing metaphors. Thus, the typical Weitzman paper has a dense middle section of math but an introduction and conclusion of sparkling prose that can be understood and appreciated by anyone for its insights.

> The Noah’s Ark Problem illustrates the model and is my favorite Weitzman paper.

source: MR