tag:blogger.com,1999:blog-1873901426208604624.post8509600644455623480..comments2013-06-19T16:15:08.290-07:00Comments on Wealth In Institutions: Our wealth probably depends upon incentives faced by othersRichard Ober Hammerhttp://www.blogger.com/profile/14208441695398875817noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1873901426208604624.post-55792472396167985882013-06-19T16:15:08.290-07:002013-06-19T16:15:08.290-07:00In this context, when I wrote, "I would assum...In this context, when I wrote, "I would assume that other people choose day by day what to do as they live", I intended to point out that any persistent habit of other people, upon which we have come to rely, could possibly change tomorrow. I did not intend to imply that people have no persistent habits. So we agree that people also make plans based on longer horizons.Richard Ober Hammerhttps://www.blogger.com/profile/14208441695398875817noreply@blogger.comtag:blogger.com,1999:blog-1873901426208604624.post-30077225432679017352013-06-17T08:49:45.529-07:002013-06-17T08:49:45.529-07:00 "I would assume that other people choose da... "I would assume that other people choose day by day what to do as they live." <br /><br />Don't discount that people also make plans based on longer horizons as well. If everyone acted with only day-to-day motives, we'd see more property crime, and an awful lot more violent crime. <br /><br />Maybe "good social behavior" as it's generally observed is the result of a sort-of Nash Equilibrium. We'd behave "worse" except that we have nothing to gain by acting unilaterally.Conscience Warriorhttps://www.blogger.com/profile/13487448481194494386noreply@blogger.com