The Witness Box

Commenting on expert evidence, economic damages, and interesting developments in injury, wrongful death, business torts, discrimination, and wage and hour lawsuits

Thursday, August 09, 2007

Inside the witness box: the funny things economists say

Here are some simply priceless funny experiences of actual economists. The names that posted them to a popular economics listserve have been removed to protect the guilty parties, enjoy! (thanks economics listserv)

Act I

Attorney - Now you said over 80% of your work comes from litigation support?
Economist - Yes, sir.

Attorney - That means most of your income comes from working on calculations related to law suits?
Economist - Yes, sir.

Attorney - And that means you spend almost all of your time working with attorneys?
Economist- Yes, sir. Each job has its own cross to bear.

Act II

After a quite long cross exam, during which I answered ‘yes sir’ and ‘no sir’ as often as possible the attorney asked me: “Doctor, I guess all your years in the military got you into the habit of answering yes sir and no sir.” I just looked at him and said No sir, my mother taught me that.”

Act III

Attorney: Doctor, are you a financial advisor? Do you help people with their investments?
Economist: No Sir... well, that is not exactly correct. I am helping a bank trust department evaluate a specific portfolio and I do help my Mother-in-Law when she asks.

Attorney: You help your Mother-in-law? Does she pay you for your advice?
Doctor: No Sir, but she lets me sleep with her daughter.

Act IV

Economist: You keep asking me the same question twice.
Attorney: I'm sorry but I had to repeat my economics course.
Economist: So because you had to repeat economics you have to repeat your questions.

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