Chapter
The Consequence of Raising the Price of Addictive Products
1:08:57 - 1:20:26 (11:28)
Raising the prices of addictive products, such as illegal drugs or snacks can cause a reduction in consumption, but it may not impact the most addicted consumers and also lead to overcompensation.
Clips
The decision-making process between immediate rewards and long-term benefits is often a struggle within individuals, requiring self-discipline and prioritization.
1:08:57 - 1:11:05 (02:08)
Summary
The decision-making process between immediate rewards and long-term benefits is often a struggle within individuals, requiring self-discipline and prioritization.
ChapterThe Consequence of Raising the Price of Addictive Products
Episode#145 – Matthew Johnson: Psychedelics
PodcastLex Fridman Podcast
Raising the price of drugs may lead to reduced consumption, but not for the most addicted consumers who will keep purchasing, which can ultimately lead to their financial downfall.
1:11:05 - 1:18:30 (07:25)
Summary
Raising the price of drugs may lead to reduced consumption, but not for the most addicted consumers who will keep purchasing, which can ultimately lead to their financial downfall. Some drug policies aim to raise the price of illegal drugs, but this can backfire and worsen addiction problems.
ChapterThe Consequence of Raising the Price of Addictive Products
Episode#145 – Matthew Johnson: Psychedelics
PodcastLex Fridman Podcast
The speaker discusses their human research with Schedule 1 and 2 drugs, such as psilocybin, methamphetamine, and cocaine, and explains the regulations and lack of restrictions for certain drugs and caffeine products.
1:18:30 - 1:20:26 (01:55)
Summary
The speaker discusses their human research with Schedule 1 and 2 drugs, such as psilocybin, methamphetamine, and cocaine, and explains the regulations and lack of restrictions for certain drugs and caffeine products.