six
@six
Incentives are like the physics of economics
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six
@six
“Show me the incentives I’ll show you the outcome” — is the same style of determinism as laws of physics determining how something will behave given certain conditions
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six
@six
I would say the difference is that humans don’t always act rationally based on incentives, but systems/masses do Whereas an individual object will always behave according to the conditions of the physics surrounding it
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Metaphorical
@hyp
Behavioral economics are all economics
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