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  5. Lots of good discussion in the comments, I know this topic by nature is a little controversial. Thank you for the enthusiasm, everyone! Just wanted to address a few common themes: 1. Yes, Milton Friedman's idea for a negative income tax works quite differently to this form of monthly income UBI. Should have made that clearer in the video. Let me know if you want a follow-up video on that. 2. Some people are saying that it's fine to be poorer if they're happier. The study did measure this and people were NOT happier in the long run. Happiness increased from year 1, but disappeared by year 3. People simply habituated to the higher income. https://openresearch-web.files.svdcdn.com/production/assets/documents/Documentation/w32784.pdf?dm=1723679143 3. Some people are saying that working less and spending more on leisure should improve physical and mental health. The study also measured this and found no improvements, not even a small improvement in physical health. Mental health was boosted in year 1 (as you would expect) but disappeared by year 2. Again, people just habituated to the money. https://openresearch-web.files.svdcdn.com/production/assets/documents/Documentation/w32711.pdf?dm=1721432661 4. And finally, yes, a true UBI study can never be done unless you truly give everyone in the country the money, which yes, will have a greater impact on things like inflation. Valid point. So in summary, this study showed that UBI (in the form of $1000 per month) makes Americans poorer ($1000 on average), with no long-term improvements in happiness, physical health, mental health or financial stability.
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  38. Hey Thomas, thanks for checking out the video! Yeah, I appreciate that this video was not made that recently, just chose it because it had lots of great talking points. I'm sure you know a lot more now and have different views compared to back then. Love your recent stuff man. Crystallization as a technical term in psychology usually refers to a type of intelligence like fact-recall. I didn't use it in this way in the video. I was just using the word crystallization as a synonym for "concreteness" which in hindsight might have been clearer wording. "Concreteness" of an idea refers to how well we can understand, interpret and visualize an idea in our mind. From research, internal methods (like visualizations) to control habits aren't effective in the long run. To me looking at your intervention, it was almost certainly the fact that the picture was on your phone (external), that was the biggest reason for it becoming a successful intervention. A message that simply said "don't buy energy drinks" may have worked just as well, but then again personalization and emotion definitely make interventions more effective too. Regardless, I'm glad it worked, and you managed to quit. Great question about "the stick". There is a really nice study by Dan Ariely that introduced a fine to parents that showed up late to pick up their kids. What they found was that after the fine was introduced, MORE parents came late rather than less. The fine became a price that could be exchanged for bad behavior, rather than a deterrent. https://econlife.com/2018/09/unintended-consequences-from-fines/ Here is another big summary paper from Gneezy explaining the phenomenon https://rady.ucsd.edu/faculty/directory/gneezy/pub/docs/fine.pdf Since your financial punishment was so high relative to the crime, I think this may have worked better. But the key point you make of it "hurting your pride" too (as well as your wallet). That pride part is really key to making the fine work. Otherwise it just becomes a price for being naughty. Hope this helps, thanks for sharing on Twitter dude!
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