Great news for me ... I'm a Libertarian Paternalist!
I've long "what" I am, but just not the name.
I ESPECIALLY like the need of humans to direct money flow into
different accounts. I support many gov't individual accounts:
a forced savings retirement account (SMART or whatever)--the second
pilla
On 2003-06-29, alypius skinner uttered to [EMAIL PROTECTED]:
>But would this really give us economic models more useful than the
>simplified ones currently used? Taking more factors into account may make
>the models so hard to maximize that there is no net gain in predictive
>accuracy. Thoughts, a
On 6/25/2003, Fabio wrote:
In economics, we are taught to think of people as utility maximizers.
However, marketers tend to be much more "cognitive" in their approach to
human behavior. People buy stuff as a result of a very contextual decision
process. In the marketing world, decisions to buy stuf
> I think rules are already a large part of economic reasoning. I mean, what
> are game theory and institutional economics if not rule based econ? Also,
Well, even these forms of reasoning, especially game theory are about
utility maximization. My point is that actors in games may say "screw
this
> The usual response to "someone ought to do X" is "why not you?". Introductory
> classes must meet a lot of constraints. They must prepare those who will
> continue in the tools that are actually used at higher levels. And they
> must give the rest some tools they can actually use to understan
On 2003-06-30, fabio guillermo rojas uttered to [EMAIL PROTECTED]:
>Chess games seem to be a combination of rule behavior ("try top control
>the center board," "castle early as you can") with a little bit of search
>through a gigantic strategy space.
True, but how are those rules generated? They
Your points are very well taken - there is most certainly a trade off in
computation and pay off. But let's ask ourselves: how do real world people
make this trade-off? Having just done some consulting work, I know that
organizations routinely make such computations. Before hiring a consultant
or
Who would manage these accounts? The person himself? If he is not competent enough
not to save what makes you think they can invest?
Now the question is how much money do you give to the basic poverty
fund? If you make it to low then people will not get enough basic benefits . If you
make it t
http://www.weeklystandard.com/Content/Public/Articles/000/000/002/852lodkv.asp
This fascinating article shows pretty conclusively that at least some
people are optimizers, although maybe they're the exception. BTW, if you
ever need to have an A+ grade removed from your academic record, read the
ar
On 6/30/2003, Wei Dai wrote:
A perfect optimizer who behaves according to decision theory (or some
bounded-rationality version of it) is very vulnerable to small changes in
its utility function definition or the module responsible for interpreting
the meaning of terms in the utility function defini
So for this "libertarian paternalist" viewpoint, is the goal of these plans
to force people to do certain things, or make certain behaviors "default"
in the sense that they are the status quo unless people voluntarily decide
to do otherwise? Otherwise, I don't see how forced saving differs exce
11 matches
Mail list logo
