Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Jun 21, 2011
According to Prof. Angela Dills, incentives are important and help economists predict individual behavior.Learn more: http://bit.ly/1HVAtKP. Recognizing that incentives matter is fairly straightforward. What's difficult is determining all the different ways a policy might affect people's incentives and change people's behavior. A good economist looks not only at the obvious incentives created by a particular policy, but also looks for the less obvious incentives and effects.
LEARN LIBERTY Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://bit.ly/1UleLbP