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Nov 27, 2012

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NKR

"Players in the “poverty” conditions are then shown to devote more attention to the current round and less attention to future rounds, including borrowing more from future rounds."

This makes sense; not sure we needed a study to confirm this intuition. If you're hungry but don't have food on the table, you're going to spend time searching for food instead of studying for tomorrow's test... or the SAT, which is two years out. What's it called, Maslow's Hierarchy of Needs? This is why we have federal programs, such as Social Security. No new territory here.

Michael W. Kruse

"This makes sense; not sure we needed a study to confirm this intuition."

So we should always follow intuition because intuition is always right ... say like like bloodletting to cure diseases? ;-)

NKR

No we shouldn't always follow intuition, but in this case we should. :P

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