Comments by "Liam" (@1495978707) on "Pete Judo" channel.

The endowment effect makes a lot of sense though. If you already have it, you know that it suits you, functions well. When you buy something new, you’re on some level taking a leap of faith. This is also why, as Elon says about the car market, a new brand can’t do just a little better, it has to do a lot better. Because a familiar brand that you’ve used a lot has value in its familiarity to you
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When poor people get money, it goes one of two ways. You've talked about the sort where the money is earned in some fashion. However, almost everyone who wins the lottery pisses it away in no time, because they understood how to live with little money, but not how to live with more money
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The work needs to get done by somebody. What you're saying is that you are ok with either other people having to work harder to compensate for this, or more properly that not all that needs to get done to sustain society gets done, and so it collapses. Someone has to take the trash out, farm the food, keep the lights on, run the factories, etc
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It's not a realization that it won't turn life around, it's just like winning lottery. The money wasn't earned, so there's less pain in spending it
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4:15 It's not even right to call it a failef experiment. It would be failed if the experimental procedure was flawed or they had to stop partway through. A successful experiment may give you a negative result. Your language here shows how ingrained this attitude is in science; even someone disillusioned as you are is still talking this way
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You actually have to read the thing and understand it
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And all UBI does is take away the pressure to carry your cross. To do your part in keeping society going, instead of being a net leech when perfectly capable of contributing. There is no free lunch.
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@profdc9501 Oh yes, this was quite the shock when I went into grad school and got a better look behind the curtains. Professors generally receive zero education on how to effectively teach, and ability to teach is generally not even really a question. At least in my department, feedback from grad students talking to prospective professors is taken into account, but that doesn’t help a whole lot because we also don’t get educated on science informed teaching and what that looks like, so you only have a few overachiever grad students that go out of their way to learn how to teach effectively. And for the professors, they have plenty on their plate from research alone, and the university only cares about their about your ability to get grants. Students don’t avoid going to a university because of bad professors, they’re choosing based on status and location more than anything else, so actual quality of teaching is left up to the discretion of the professor
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@jshowao No, the whole issue is people's spending expanding as their means do. If you didn't learn to live within your means before the free money, the free money won't teach that. People who don't learn this will always end up living on the edge no matter how much they make, working til the day they die because they never saved enough
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6:00 I mean, it’s pretty simple. Don’t convince people that there’s nothing wrong with being obese. Why should they do anything about it if there’s nothing wrong with it? It is so simple to lose weight, it is just not easy to for many people, and people who don’t want to do things generally look for excuses to not do them. It’s like any other addiction, and we as a society are acting as enablers in some misguided attempt to be compassionate
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