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David Henderson on the Essential UCLA School of Economics

EconTalk

How Does Incentives Have an Effect in the Subconscious?

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i use it in my book on the financial crisis, my book, gambling with other people's money. John anderson ran as a third party candidate against ragan and carter in 19 80. He needed to get five % of the vote or more in order to have the federal government cover a huge part of the cost of his campaign. i think mist are very comfortable with the idea that that this can work, as i said, unconsciously or subconsciously. And if you're gong to lose all your money, that's yours,. So people do understand that that's your daughter case. I looked at nass car races and found the intensity went up when the driving got safer.

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