I agree that we never had a real test and probably never will.
Another aspect that I think completely shifts the conversation and is often overlooked: duration.
If I am told I have X amount of money for Y amount of time, I'll plan accordingly.
If Y tends to forever, that completely changes my plans.
With some money guaranteed, maybe now I can go to college or a trade school. Long term is a possibility. If it's only there for a small amount of time, I'll focus on much more immediate issues.
Without this aspect, which is kind of un-testable, all studies are kind of useless IMO.
It's the same as asking people what they would do with additional time off. The answers will vastly differ if we're talking about a couple of days, weeks, months, years or a lifetime.
Another aspect that I think completely shifts the conversation and is often overlooked: duration.
If I am told I have X amount of money for Y amount of time, I'll plan accordingly. If Y tends to forever, that completely changes my plans.
With some money guaranteed, maybe now I can go to college or a trade school. Long term is a possibility. If it's only there for a small amount of time, I'll focus on much more immediate issues.
Without this aspect, which is kind of un-testable, all studies are kind of useless IMO.
It's the same as asking people what they would do with additional time off. The answers will vastly differ if we're talking about a couple of days, weeks, months, years or a lifetime.