this post was submitted on 03 Jul 2023
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[โ€“] rikudou@lemmings.world 10 points 2 years 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.

[โ€“] swiftessay@lemmygrad.ml 1 points 2 years ago

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