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...which delivery method makes the most sense for distributing tax rebates? Here behavioral economics has been instructive as well. In particular, years of research have demonstrated over and over that our intuitions about the relative effectiveness of different approaches are often wrong. Over the years we’ve learned that we are often wrong about what drives our dishonest behavior, about what makes us enjoy a glass of beer, about what makes us willing to pay different amounts for different products, etc. In essence, our intuitions about what drives our behavior are often misguided...

Author: By Dan Ariely | Title: Irrational Economic Policies | 6/2/2008 | See Source »

...Given that the method of delivery could make a large difference, and given that our intuitions about their relative effectiveness could be wrong, what should...

Author: By Dan Ariely | Title: Irrational Economic Policies | 6/2/2008 | See Source »

...long appeals process in death penalty cases is intended to minimize the chances of an error. In the Brooks case, Texas may have killed the wrong man. Brooks and a partner were both convicted in 1977 of murdering an automobile mechanic the year before. It never came out in trial who actually fired the bullet that killed the mechanic. But Brooks’ partner, by using the appeals process, was allowed to plead guilty last year to having committed the crime. He was given a 40-year sentence, and could be eligible for parole in just two years. Brooks...

Author: By Errol T. Louis | Title: The Poor and the Powerless | 6/2/2008 | See Source »

...transformed my thinking and I think the thinking of my whole generation,” Sheehan said. “We believed in authority figures and what they told us. And it turned out they were wrong or lying...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Neil Sheehan | 6/1/2008 | See Source »

Though that criticism may be overstated, there is a lot wrong with the Climate Security Act, an unwieldy 494-page bill that has been stuffed with handouts to various interest groups, including the nuclear industry. Initially permits worth hundreds of billions of dollars will be given out, free, to industrial greenhouse gas emitters, rather than auctioned off. The act also allows companies to meet part of their carbon caps using offsets, even as scientists increasingly question the effectiveness of such carbon trading. Both measures are likely to depress the price of carbon over the life of the bill. (The lower...

Author: /time Magazine | Title: Trouble with Congress' Green Gambit | 6/1/2008 | See Source »

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