Week 8 - Starving Artists: Aging Out

Question 1

What is the problem with self-subsidy?

Answer 1

As you age, the artistic lifestyle becomes less appealing

Question 2

What does the self-subsify model predict?

Answer 2

-people will have lower comittment to art when middle age because monetary income becomes more important (bills to pay!)

This appears with the tournament model but due to the fact that people realize they won’t make it