Beer vs tap water is not the same as meat vs no meat yet you proffered it as though the two were synonymous

Not synonymous, but substitutable.

No … there is a third alternative

Now, now. There are, strictly and pedantically speaking, only ever two alternatives.

But to the point: I never said there are no other possibilities. But while these possibilities exist, they are not pursued — because they are not the optimum for the decision-maker.

When you say

pay Bangladeshi adults more, so that their children needn’t go to work.

who should do so, and why? And more importantly why are they not? I remind you of the fact that I am a simple observer, with no ambition to be a dictator telling people what to do and how to do it, and with no desire for anyone else to do so… especially if they have a partisan agenda to favour this or that pressure group.

Written by

Accidental behavioural economist in search of wisdom. Uses insights from (behavioural) economics in organization development. On Twitter as @koenfucius

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store