Unconscious Economics — LessWrong
There are at least three ways in which incentives affect behaviour: Consciously motivating agents, unconsciously reinforcing certain behaviors, and s…
x Unconscious Economics — LessWrong Best of LessWrong 2019 Economics Epistemic Hygiene World Modeling Curated 147 Unconscious Economics by Bird Concept 27th Feb 2019 5 min read 30 147 Here’s an insight I had about how incentives work in practice, that I’ve not seen explained in an econ textbook/course. There are at least three ways in which incentives affect behaviour: 1) via consciously motivating agents, 2) via unconsciously reinforcing certain behaviour, and 3) via selection effects. I think perhaps 2) and probably 3) are more important, but much less talked about. Examples of 1) are the fo
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