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Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption. ↗
I have a very beautiful room that in my house that we bought in Princeton. It's glass on three sides, and you'd think that's the perfect place to write. Somehow in that nice room I feel too exposed, and I can notice I'm too distracted by things going on, so I end up writing in a not-very-nice office bedroom. ↗
#bedroom #bought #distracted #end #exposed
