From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics

« Previous · Main · Next »

The Gambler - Kenny Rogers

JEL:        

You got to know when to hold ‘em, know when to fold ‘em,
Know when to walk away and know when to run.
You never count your money when you’re sittin’ at the table.
There’ll be time enough for countin’ when the dealin's done.

Click to Listen

Assignment:

Every card game operates under a set of rules. These rules allow the players to know how to play the game. Legal institutions, like the rules of a card game, show economic agents “when to hold ‘em” and “when to fold ‘em” with respect to economic decisions. With an example, show how the rules under which individuals act might affect their decisions. What rules are necessary for markets to work well?

[Will Luther assisted with this assignment.]

Full Lyrics


(Many lyrics sites employ pop-up and pop-under ads,
click the above link at your own risk.)