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you know that research test they do where the subject can have $5 now or $50 at the end if they don't take the $5 and a disappointing amount of times they go fo
by jimjimjim 8y ago
you know that research test they do where the subject can have $5 now or $50 at the end if they don't take the $5 and a disappointing amount of times they go for the $5.
The problem is everyone cheers on the politician that says you can have the $5 AND the $50.
- sp332 8y agoDoesn't this show that the people who took $5 up front were right? The ones who waited for $50 at the end are getting screwed.
- jimjimjim 8y agothe ones in the test the took the $5 look like untrusting fools because we make assumptions about fair and reasonable outcomes with repercussions on those parties in an agreement that don't fulfill their obligations. politicians should be held accountable like CEOs. They should be able to be sued. Screw over the company? your ass is going to get kicked. Say you didn't know? you shoulda listened to the people giving you the numbers. didn't have the numbers? shoulda hired people to give you the numbers. there needs to be a lot more repercussions on those people making bad decisions.
- AnimalMuppet 8y ago> The problem is everyone cheers on the politician that says you can have the $5 AND the $50. And once that politician is gone, if one of the new candidates says "no you can't", that candidate will not be elected.
- pmwhite 8y agoPreferring a promise of $50 later depends on trust. Economists are much too emotional to understand that kind of thing.