Incentives Matter But So Does Context

Economist Steven Landsburg famously claimed that economics can be defined in two words:  “incentives matter.”  For Landsburg, all else is commentary.  In a 2013 book entitled The Why Axis, Uri Gneezy and John List explore in detail how incentives matter.  Characterizing economics as a behavioral science, they seek to understand what affects individual behavior based on … More Incentives Matter But So Does Context