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	<title>Constrained Bliss Point &#187; bluffing</title>
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	<description>where the social welfare function meets the grand utility possibilities frontier</description>
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		<title>Fool&#8217;s gambit</title>
		<link>http://www.constrainedblisspoint.com/2009/06/fools-gambit/</link>
		<comments>http://www.constrainedblisspoint.com/2009/06/fools-gambit/#comments</comments>
		<pubDate>Tue, 30 Jun 2009 13:10:31 +0000</pubDate>
		<dc:creator>ftobia</dc:creator>
				<category><![CDATA[Musings]]></category>
		<category><![CDATA[bluffing]]></category>
		<category><![CDATA[college applications]]></category>
		<category><![CDATA[DC]]></category>
		<category><![CDATA[Georgetown]]></category>
		<category><![CDATA[Texas Hold'em]]></category>

		<guid isPermaLink="false">http://www.constrainedblisspoint.com/?p=134</guid>
		<description><![CDATA[My optimal strategy for applying to graduate schools could have used work.  I didn&#8217;t think about what subfield of economics I wanted to study. I just aimed at the top programs.
I dunno, I think it worked out pretty well. I mean, none of the top programs accepted me, but that wasn&#8217;t really the point. I [...]]]></description>
			<content:encoded><![CDATA[<p>My optimal strategy for applying to graduate schools could have used work.  I didn&#8217;t think about what subfield of economics I wanted to study. I just aimed at the top programs.</p>
<p>I dunno, I think it worked out pretty well. I mean, none of the top programs accepted me, but that wasn&#8217;t really the point. I mean it kind of was. And I don&#8217;t mean to engage in excessive revisionist history, or seem like a sore winner.</p>
<p>More than anything, my philosophy about these things is that you must push yourself beyond what you think you&#8217;re capable of. In Texas Hold&#8217;em, if you&#8217;re not being caught bluffing half the time, you&#8217;re not bluffing enough. I say if you are not failing consistently, you are not aiming high enough. You owe it to yourself and to those around you to make sure you&#8217;re always doing your best.</p>
<p>If you only apply to safety schools you don&#8217;t know your limits. On the other hand, if you only apply to first-tier schools, you don&#8217;t know how far down the second tier you stand. All I know is that I&#8217;m in the best econ program in the District, at one of the swankiest universities I&#8217;ve visited, in arguably the most happening place for econmic policy in the world. At least I tried, right?</p>
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