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Asymmetric Paternalism

asymmetric paternalism

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Title: asymmetric paternalism

Essay Details:

Subject: Business

Author: Joseph A

Date: July 28, 2015

Level:

Grade: B

Length: 4 / 986

Essay text:

The authors state that the paternal regulations discussed are those developed on an individual basis. The regulations are designed so that those that are uneducated in a particular area are greatly benefited by the regulations, and those whom are already educated, or fully rational, are not affected by the regulation. To explain asymmetric paternalism, the authors divide people into two groups, those who are fully rational, people with goals, preferences and make decision based on those that suit their own best interest, and those who are boundedly rational. The boundedly rational individuals are those who fail to act in their own best interests and fail to use self-control when making choices...

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