In a new NBER paper, a group of Harvard and Stanford scholars investigated how much of our civil liberties we would trade for better health conditions. Their data came from 370,000 individuals in 15 countries. Given to participants between March and October 2020, the surveys were ongoing.
As always, looking at trade-offs through an economic lens, we can say that, “Choosing is refusing.” Furthermore, we should always keep in mind that every decision has a cost. Defined economically, cost is a sacrificed alternative that need not be money.
My sources and more: Today’s post was based on this new NBER paper. Ninety pages long, it has much more than I presented. I suggest taking a look. It is un-gated.
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