Escaping Paternalism Book Club: Rizzo and Whitman Response, Part 1

This is the first of a series of responses by Mario Rizzo and Glen Whitman, authors of Escaping Paternalism, for my Book Club on their treatise.

Present Bias and Time Preference

We should begin by thanking Bryan for his many kind words about our book, and also for hosting this book club.  We appreciate his critiques almost as much as his praise!  Given the many excellent points raised by Bryan and others, we’ve decided to break our reply into a few posts – beginning with the issue of time prefer...