4 ms·
Articles like this just go to show how little acceptance there still is for behavioral economics data in mainstream policy making. Just a few years ago data fr
by LukeWalsh 13y ago
Articles like this just go to show how little acceptance there still is for behavioral economics data in mainstream policy making.
Just a few years ago data from lab experiments was not widely accepted because people were unsure if it was relevant to how people act in the real world. Countless times the effectiveness of lab experiments has been proven.
I am looking forward to the day when people finally accept that traditional economic models are not perfect (duh!) and that people are not perfect, rational, decision making robots.