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https://mannhowie.com/ikea-effect Howie Mann on Sep 3, 20226 minute read The IKEA effect describes how people come to overvalue things in which they have successfully put effort into. This cognitive bias…
https://marginalrevolution.com/marginalrevolution/2022/09/the-cream-rises-to-the-top.html?utm_source=rss&utm_medium=rss&utm_campaign=the-cream-rises-to-the-top NBER: Can efforts to eradicate inequality in wealth and education eliminate intergenerational persistence of socioeconomic status? The Chinese Communist Revolution and Cultural Revolution aimed to do exactly that. Using…