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| Nov 21, 2020 | » | Experiments/Theories in Socioeconomics
2 min; updated Sep 5, 2022
Programmable MoneySouth Korea’s COVID-19 stimulus payments were programmed to expire in Aug 2020, and could only be spent at qualifying shops. Australia’s cashless welfare card [currently in pilot stages] cannot be withdrawn as cash, nor used at alcohol, tobacco and gambling joints. Monzo, a UK-based digital-first mobile baking app, supports IFTTT recipes. This enables budgeting logic, “If I spend at KFC, then move $5 to my penalty pot”. The Self-Esteem Craze in AmericaIn the 80s and 90s, there was research that low self-esteem was related to undesirable results, but there wasn’t any conclusive work that high esteem causes good outcomes. The self-esteem craze was defined by a simple inspiring message, a lot of half-baked research, prevalent confirmation bias, cottage-industry (books, videos, seminars). Self-esteem grew into a panacea for academic performance, crime, teen pregnancy until more rigorous research arrived. Similar overhyped[?] panaceas: power posing, growth mindset, grit. ... |