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Tag:behavioral-economicsClear

Debt is the tool that you use to close the gap between your expectations and your reality. And the more that society and culture has exposed that gap and widened that gap between where you are and where society tells you that you you think that you should be, you're going to fill that hole with debt.

— The Prof G Pod
1w ago

Most people, when they learn that their neighbors are doing something — whether it's conserving energy or paying their taxes on time — are more likely to do it themselves. But here's the odd thing: when researchers ask people whether learning about social norms changes their own behavior, most people say no. They acknowledge it might change others, but not them.

4w ago

As prediction markets boom, there are other questions, too — about insider trading, market manipulation, and whether the public has turned against them.

1mo ago

It's turning all of American life into a Las Vegas table game. There's always this kind of glittering mirage of profit that you're chasing, when, in reality, it's designed to sort of demoralize and crush every regular person who plays.

7mo ago

One thing about economists is that they tend to discover 50 years later stuff that psychologists and sociologists have already known the whole time.

7mo ago

Underscored — save the words that stop you in your tracks.

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