2min chapter

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Steven Levitt on Freakonomics and the State of Economics

EconTalk

CHAPTER

The Importance of Behavior Economics

behavioral economics is really interesting, i think there's no getting around the fact that it is fascinating. But my empirical experience with loss of version and trying to use subtle framing effects hasn't yielded very much in terms of empirical results. There's a lot more power in just getting the incentives right and getting prices right. Its incredibly powerful.

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