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On social media, language trumps facts in debate over Canada's new tax policy

On social media, language trumps facts in debate over Canada's new tax policy
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Canada
Canadians
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Justin-trudeau
Twitter
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Prime-minister-justin-trudeau
Prime-minister
Experimental-economics
Better-dwelling

CFPB Uses Laboratory Experiments to Attack Junk Fees | Cadwalader, Wickersham & Taft LLP

On April 30, 2024, the Consumer Financial Protection Bureau (“CFPB”) published a report called “Price Complexity in Laboratory Markets” that concluded that the financial services.

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Gettysburg-lab
Experimental-economics

Former West High student now heads tech startup making pharmaceuticals in space

Former West High student now heads tech startup making pharmaceuticals in space
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Colleen P. Kirk

Optimally generate policy-based evidence before scaling

Social scientists have increasingly turned to the experimental method to understand human behaviour. One critical issue that makes solving social problems difficult is scaling up the idea from a small group to a larger group in more diverse situations. The urgency of scaling policies impacts us every day, whether it is protecting the health and safety of a community or enhancing the opportunities of future generations. Yet, a common result is that, when we scale up ideas, most experience a ‘voltage drop’—that is, on scaling, the cost–benefit profile depreciates considerably. Here I argue that, to reduce voltage drops, we must optimally generate policy-based evidence. Optimality requires answering two crucial questions: what information should be generated and in what sequence. The economics underlying the science of scaling provides insights into these questions, which are in some cases at odds with conventional approaches. For example, there are important situa

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