The Weaponization Of Economics (Part II)
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Slippery slope
However, interesting as those experiments and observations might be, they are still the result of specific parameters within a particular setting and an environment that doesn’t resemble real life. Serious and honest behavioral economists both understand and freely admit this. Just because there was one experiment in which 12 university students chose to receive 1 chocolate today rather than 2 tomorrow, one cannot extrapolate from it that the entire country needs a public pension system and a central authority to oversee it, since all citizens are clearly incapable of saving.