Quote:
Originally Posted by Baraka_Guru
You know, I was thinking that it is best to say, "People behave in predictable ways when they are being rational."
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Usually I say: People do what they think is in their best interest.
---------- Post added at 08:27 PM ---------- Previous post was at 08:21 PM ----------
Quote:
Originally Posted by filtherton
As Ace used the phrase (Governmental revenue forecasting is easy because rational people are predictable) it's definitely not true.
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What is the point of government economic policy if there is no component of predictable behavior?
Given something like the mortgage interest tax deduction, isn't that predicated on the belief that home ownership is good and that the deduction is in place to encourage home ownership?
Given something like fines issued by government for unwanted behaviors by individuals or entities, aren't those predicated on the belief that a negative economic impact will discourage unwanted behaviors?