I'm willing to have my mind changed by evidence, but my intuition is that cutting the social security benefits of people with high time preferences is unlikely to be an effective form of deterrence.
I'm willing to have my mind changed by evidence, but my intuition is that cutting the social security benefits of people with high time preferences is unlikely to be an effective form of deterrence.
I'm willing to have my mind changed by evidence, but my intuition is that cutting the social security benefits of people with high time preferences is unlikely to be an effective form of deterrence.
Good point! I think a lot of criminals are not very forward thinking.
He already addressed this. He says:
"You plan to live fast and die young? Then take away current benefits тАФ SNAP or Medicaid тАФ instead of future benefits."