Finweek - English

Battling Bacchus and human behaviour

human behaviour is difficult to predict – and even more difficult to control. We might think we know what to do to dissuade bad behaviour, but our good intentions could easily have the opposite effect, encouraging even worse behaviour. That’s why economists and other social scientists have for long insisted that we test theories of human behaviour against real-world evidence.

There are several ways to do this. The most obvious is in a laboratory setting where all things are the same and the only

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