Chapter
Implementing Rational Solutions for Social Problems
1:05:48 - 1:10:19 (04:30)
Taxing negative externalities can create incentives to decrease harmful actions, however, it can be difficult to implement rational solutions to social problems despite their effectiveness.
Clips
The consequences of misattributing the cause of an event can lead to a wide range of outcomes, from life-saving decisions to negative repercussions in relationships.
1:05:48 - 1:07:30 (01:41)
Psychology
Summary
The consequences of misattributing the cause of an event can lead to a wide range of outcomes, from life-saving decisions to negative repercussions in relationships.
ChapterImplementing Rational Solutions for Social Problems
Episode#596: Edward O. Thorp, A Man For All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough is Enough
PodcastThe Tim Ferriss Show
The logical and rational solution to deal with negative externalities is to tax them, but although this can be a good solution, it is often challenging to implement when dealing with social problems, such as pollution.
1:07:30 - 1:10:19 (02:49)
Externalities
Summary
The logical and rational solution to deal with negative externalities is to tax them, but although this can be a good solution, it is often challenging to implement when dealing with social problems, such as pollution.