One of the “Ahah” moments for me about finance was learning how it brought together people of varying risk tolerance and commitment levels into a common enterprise. It’s interesting to start seeing that on labor side as well (within a single occupation).
-
-
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I think
@CFCamerer has a study on this -
NYC Taxi Data: “When wages are high, drivers will reach their target more quickly and quit early; on low-wage days they will drive longer hours to reach the target.” http://www.its.caltech.edu/~camerer/web_material/cabscvfbook.pdf … Was cited by Daniel Kahneman in TF&S as type 1 systems making non-optimal choices.
End of conversation
New conversation -
-
-
ISTR that there's been research here and this perverse behaviour is common.
- End of conversation
New conversation -
-
-
Many set a mental number that they want to earn per day or per week, then will stop driving after that.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I just had a similar conversation a couple minutes ago about differences in individuals ambitions and work ethic. I say make the hay!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It can be pretty nuts. I had one guy who legitimately thought he was screwing over Uber and sending a message by not opening that app for a few days and using Lyft instead.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Seems like they have a healthier and more prosocial outlook than..... me and everyone I know
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.