Sublime

people have a general tendency to stick with their current situation.

A team of researchers at Stanford University, led by an economist named Raj Chetty, used newly accessible data from the Internal Revenue Service to write a series of papers that addressed questions of opportunity in American life. One, titled “The Fading American Dream,” asked a simple question: How likely is it that an American child will be bette

Education economist Greg Duncan,

companies have a strong incentive to exploit behavioral biases, including availability, unrealistic optimism, and anchoring.

Mobility, Chetty found, is a product of place.

every extra year of primary school due to the new school raised wages by about 8 percent.

ideology, ignorance, and inertia—the