Saturday, December 12, 2015

Sandro Ambuehl in the Washington Post: How incentives can change the way you evaluate options (and not just the choices you make)

Jeff Guo at the Washington Post has written a nice account of Sandro Ambuehl's jobmarket paper. Here's the WashPo story: The secret to why money is so good at changing people’s minds

Here are the first lines:
"It is illegal in the United States, and most other countries, to pay people for their organs.

It is not illegal, though, to pay people to eat bugs. So that is what Sandro Ambuehl, a doctoral candidate in economics at Stanford, recently did, to show how money can make you a little crazy."

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