I recently was reminded of this article

[conuly]

https://www.npr.org/2019/06/20/734141432/what-dropping-17-000-wallets-around-the-globe-can-teach-us-about-honesty

Every time I think about it, I wonder if all economists are amoral jerks, or just the ones involved in this study.

"People were more likely to return a wallet when it contained a higher amount of money," Cohn says. "At first we almost couldn't believe it and told him to triple the amount of money in the wallet. But yet again we found the same puzzling finding."

There's nothing puzzling about this finding! Obviously you're going to make more of an effort to return a wallet that has money in it instead of a wallet with no money in it! Obviously you're going to try harder if it's a lot of money rather than just a couple of bucks! Because most people aren't total assholes! Heck, even assholes usually have some standards of basic human decency.

I don't understand how we can trust economists to have any understanding of how money works when, if articles in the popular press are any indication, they have no understanding of how humans work. Like, fundamentally, I don't know how they were surprised by this result. Years after first reading that article, I still do not get it.

Comments

[gale_storm]

LOVE this RED phase in which she’s found herself lately!! As if MY OPINION

[conuly]

??

[gale_storm]

Don’t know at all, now, I check as it in November!! Sorry to say all that and it will hopefully get me to check in again and again and again, on a good schedule. At least I can well hope to do!!