James Surowiecki: Behavioral Econ
on Thursday, October 28, 2021James Surowiecki Money Quote saying smart economists know that we’ll pay handsomely to punish those who fail to give to the common good. James Surowiecki said:
“Behavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve, we are prepared to make ourselves poorer” — James Surowiecki
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