Monday, June 24, 2019

Economist Discovers Social Norms


The issue Scott Irwin, an economist, is considering is how farmers decide(d) either to plant corn late or to go with prevented planting.  The earlier tweets in this thread all considered rational calculations of return, but this tweet is his final thought:
I view myself as a rational human being, but over my life I've often not acted as such.  I'm not sure whether social norms, habit, or psychology were at work

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