2min chapter

No Stupid Questions cover image

145. Do You Have a Scarcity Mindset or an Abundance Mindset?

No Stupid Questions

CHAPTER

The Effects of Random Assignments on Decision Making

Economists created a fake world where they could randomly assign people to be rich or poor and Experimentally figure out like what the heck is going on with decision-making That is different for those who are rich and poor. The idea is to measure how good or bad a decision is when you're under different stressors Is that the idea? I mean, that's the thing that makes this a micro version of the real world You can borrow like I want more turns now even though I'm gonna have to pay back with interest later.

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