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People don’t evaluate government policies through mathematical models or with long-term goals in mind. AAP/ Glenn Hunt

Treasury memo misses the real impact of Labor’s negative gearing policy

Treasury modelling suggests that limiting negative gearing will lead to small change in prices. But behavioural economics shows it all depends on how the policy is framed.
Earthquake in Haiti killed more than 100,000. That’s hard to imagine. UNDP

How huge disasters can play tricks on the way we value life

People find it difficult to understand the true value of loss of life when the numbers are large. For instance, a study found that people are more willing to donate money to an organisation when just one…

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