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Monday, November 28, 2005

 

Bounded rationality and paternalistic government (Marginal Revolution)

The idea isn't new, but apparently some economists have done a rigorous analysis of the relationship between bounded rationality and paternalistic government policy. If nothing else, this can give us some ideas of how to think about paternalistic policies as well as providing a better understanding of how markets deviate from the ideal.

Marginal Revolution: Scream this from the rooftops

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