Michael Munger on Exchange, Exploitation and Euvoluntary Transactions
EconTalk
00:00
Is the Beer Festival Over? Nope.
You can do what Cass Sunstein suggested and just make it a little bit harder and try to have libertarian paternalism. But the problem with regret is you're already saying that people can't make their own choices correctly because they're consistently going to make choices that they later regret. I think that even if the regret condition is not met generally that's not something the stage to interfere with. We're almost out of time. Is the beer festival over? Nope.
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