There’s a debate swirling in certain economic circles over a thought experiment: If you give free money to people in poor Kenyan villages and they use it improve their lives, can you expect the same outcome in a random sampling of people in the United States?
After all, impoverished villages differ wildly from a grab bag of Americans, and what might work in poorer villages might not apply elsewhere.
Dan Ariely, a behavioural economist at Duke University and author of several books on decision-making, doesn’t buy it.“If you think about the fundamental aspect that you’re testing, people are people,” Ariely tells […]
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