Lex Fridman: evaluation

Transcript context

…Yeah, exactly. You could say, “Okay, but how does this not interfere with the market, right? If you provide people with a minimum income, won’t that change their incentives to work, et cetera?” There’s a big body of research on this. Most of it seems to show, that one, it’s way better than the current benefits cliff where you have to not work to get your benefits. And any incentive impact on working seems to be much lower than would be expected. But I’ll let the economists and the social scientists fight that one out and figure it out empirically. Hopefully, we should be able to. Yeah, there’s been a bunch of studies. It’s interesting even just how you conduct studies like this, how you do these kinds of experiments, especially if you’re empirically minded because a lot of the studies I saw is they’re pretty small, so how do you make big conclusions about how to run the world, how to run the economies from such small studies? It’s all a fascinating experiment of ideas, and it’s also inspiring to see individuals and maybe small groups of individuals like the Chicago School of Economics to shake out what we believe and how we run the world. Yeah.…

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