One premise of economics is that human behavior often follows certain predictable paths. It isn't always the case, but it often is. For example, every semester I poll my students with a certain question and every semester the results of the poll are perfectly predictable because there are two laws in economics which almost always hold. Of course, I would be hypocritical if I didn't also follow a predictable path and I'd venture to say that I follow a law of behavior that applies to almost all empirically-oriented economists. It is this: when we see a table of data we want the spreadsheet. Yesterday, I virtually attended a talk hosted by the Horological Society of New York entitled "The Royal Oak: from Iconoclast to Icon" delivered by Audemars Piguet's Heritage and Museum Director (Sebastian Vivas). A fairly rare red-dialed Audemars Piguet Royal Oak I photographed at a Phillips Auction preview. The Royal Oak is a horologically famous watch design celeb
Economic complications in watchmaking