Posts Tagged ‘penalty kicks’

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    Laissez-Faire: When Is It Okay to Do Nothing?

    May 19, 13 • 192 Views • Behavioral Economics, Government, Households, Regulation, Thinking EconomicallyNo Comments

    I suspect we have a “bias for action.” Imagine a soccer game that has gone into overtime. Each team has 5 penalty kicks. For several, remaining in the center of both posts, the goalie does not move. Statistically, her behavior is smart since the