A global study led by a researcher at Columbia University Mailman School of Public Health and published in the journal Scientific Reports finds that economic inequality on a social level cannot be explained by bad choices among the poor nor by good decisions among the rich. Poor decisions were the same across all income groups, including for people who have overcome poverty.
  • Rikudou_Sage@lemmings.worldEnglish
    15·
    1 year ago

    I would pinpoint this:

    Our research does not reject the notion that individual behavior and decision-making may directly relate to upward economic mobility. Instead, we narrowly conclude that biased decision-making does not alone explain a significant proportion of population-level economic inequality

    It was kinda obvious to pretty much everyone but it’s still nice (and important) that there’s an actual study confirming this.

  • swiftessay@lemmygrad.mlEnglish
    5·
    1 year ago

    It’s nice that neoclassical economics is now verifying with their methods what we know since… the 1830s maybe?

    I mean, yeah I’m being ironic. But it’s nice to have quantitative verification.