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Wednesday, March 31, 2010

Rules of economics?

Sometimes incentives do not matter. I would like to see a study done on this innovative pilot program and why it did not succeed. Incentives improved behavior to some extent but not outcome.

“You always hope that you’ll come across a magic silver bullet, and you never do,” he said. “If there were simple solutions, somebody would have found them a long time ago. And you make progress incrementally, particularly if you’re trying to focus on some of society’s biggest problems.”

New York to End Program to Give Cash to the Poor - NYTimes.com

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