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#609 - Uri Gneezy - How To Understand Psychological Incentives
Modern Wisdom
The Importance of Speed Awareness Courses
In the UK, you're allowed a 10% over the speed limit. The next 10% over that if you are in that bracket, you have the choice between 100 pounds fine and three points on your license. If you hit 12, then you lose your license, or you can go into a speed awareness course. You only even get one of those grace periods. So there's this sort of ascending punishment ladder that you can go through.
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