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Sean Malone on Why People Suck at Economics

The Create Unknown

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How Do You Get People to Think Differently About Natural Disasters?

The emotional reaction to a natural disaster is, you can't raise prices. In research with primates, ah, there's like this really strong bias towards fairness. And we actually see that in action when producers or distributors see the price of a generator go up and then they start shipping things more quickly. But it does not make people feel better about consuming food if they don't have power right now.

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